Kusama Price Prediction June, July & August: Will KSM Price Drop to INR 1000 or Flip to Hit INR 10,000, This Quarter?

Kusama(KSM) price appears to have largely impacted by the recent market price movement and hence appears to be primed to discover new lows in the coming days

14 Jun 2022 | 5 min read

Table of Contents

Key Takeaways

The Kusama (KSM) closed the previous day’s trade at INR 3611.2 with a market capitalization of INR 33.03 billion and a circulating supply of 8,470,098.06 KSM
The asset is at the lowest levels and hence waiting for the bulls to uplift the price towards the safe zone
Yet the bears still appear to dominate the rally that may drag the price another 15% to 20% by the end of June further a decent recovery may be expected

Price Comparison Table

Crypto-Asset	Start-Month Price (May)	Mid-Month Price (May)	End-Month Price (May)	% Change
Kusama(KSM)	INR 10143.5	INR 6261.1	INR 6189.2	-63.89%

* As of 14-June-2022

Check latest prices, charts, and data of KSM/USDT

Kusama (KSM) Technical Analysis at a Glance

The Kusama price after being rejected from INR 15000 a couple of times since the beginning of 2022, has dived deep into a bearish well. Further, the asset attempted very hard to hold INR 5000 levels for nearly a month. However, the recent market crash dragged the price to 14-month low levels at INR 3600.

The technicals and the price actions are pointing towards an extreme bearish trend to prevail for a longer time ahead. If the bearish trend continues, the price could drop hard below the last point of defense at around INR 2500 which may be pretty brutal for the asset ahead.

Short-Term (1hr)	The KSM price had dropped hard and hence a notable flip was recorded of-let, however, the bulls may get exhausted soon may drag the price lower
Mid-Term (4hr)	The previous downtrend appears to have reached today’s bottoms and hence a significant short-term bounce may be expected
Long-Term (D)	The month-long consolidation landed the price to the lower support where a flip may not induce a significant momentum and hence could continue consolidation

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators	Value(1D / 1M)	Action (1D / 1M)
Relative Strength Index(RSI)	27.76 / 48.66	Sell / Neutral
MACD(12,26)	-11.29 / 3.58	Sell / Buy
Average Directional Index(ADX)	33.84 / 54.26	Sell / Sell
Bull-Bear Power	-26.13 / -210.65	Sell / Sell

Pivot Levels

Pivot Levels	Short-Term(D)	Mid-Term(W)	Long-term(M)
Moving Average(MA)-50	INR 6912.50	INR 18321.75	INR 7218.37
Moving Average(MA)-200	INR 13855.43	INR 7731.79	INR 1804.01
Resistance	INR 6459	INR 13,770	INR 27,106
Support	INR 2549	INR 2089	INR 1145

Oscillators

Oscillators	Short-Term	Mid-term	Long-Term
Stochastic Oscillator	33.88	14.28	16.02
Ultimate Oscillator	30.77	29.84	29.54
Average True Range(ATR)	6.22	30.78	163.91
CCI	-178.53	-119.72	-138.71

The Kusama(KSM) price is extremely bearish in all the time horizons, as the bears have capitulated the asset to a larger extent. However, in the hourly time frame, one can expect a short-term bounce, but in the larger perspective, bears appear to be pretty dominant. As the asset is less volatile, no specific price actions may be expected. After undergoing huge selling pressure, the buyers could jump in a couple of months as MACD is somewhat bearish in the monthly time frame.

KSM Price and Technical Analysis for May-July

Source: Tradingview

Kusama price is currently trading at a 14-month low position, draining all the profits gained during the 2021 bull run
Considering the current market conditions, the KSM price is expected to continue with its bearish trend and plummet to the lower possible levels
The price is expected to slice through the lower FIB levels at 0.61 at INR 3400 to encounter a bearish close to June’s trade by attaining the levels at INR 2700
Further, a significant rebound could uplift the price above the same FIB levels in an attempt to achieve the 0.38 FIB levels at INR 4500, but woefully, may face rejection just below these levels
The KSM price may dive deeper down, slicing the lower support at INR 2500 to hit INR 2300 by the end of July
However, the prices may enter a notable recovery phase and display a consolidated trend throughout the month before igniting a significant uptrend later

How to Invest in Kusama(KSM)

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to support@coindcx.com.

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