Kusama(KSM) Price Analysis
Kusama developed to be a canary network for the Polkadot blockchain has grown to a large extent than its base network. The asset amid the previous bull run in 2021 raised more than 2000% to hit levels beyond $600 from just levels around $30. Despite the bearish trend, the KSM price managed to rebound finely and regain levels above $500 again. Woefully the bearish cartel slashed the price below $120, but the asset is trying very hard to ignite a strong uptrend again.
The KSM price no doubt is still capped within a notable bearish channel and the current breakout is still not validated, yet the possibilities of an uptrend prevail. Moreover, the price is hovering along with the lower support ever since the beginning of the month, refusing to slice through these support levels at $116. Therefore, even if the buyers get exhausted, the price may not plunge below these levels. And further igniting a flip, the KSM price could eventually keep up the bullish momentum intact.
Polkadot(DOT) Price Analysis
The DOT price had displayed a strong bullish momentum a couple of days before, however, the trend appears to have rejected of let. The asset had bragged in through one of the bearish patterns, descending the triangle a couple of days before. After recording a strong bullish candle, the asset ignites a u-tun reversal back towards the triangle again. No doubt the buyers are leaving no stones unturned to prevent the slippage, but eventually, sellers possess acute strength at the press time.
The DOT price initially was expected to plunge towards the lower support close to $14 or $12. However, these levels were kept at a certain distance manifesting the trader’s confidence within the rally. The layer-1 chain throughout the day’s trade recorded a bearish trend and eventually may end up re-entering the bearish trend yet again. Nevertheless, with a slight change in the market trend, a decent flip could bring the $20 target much closer.
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