Kusama price was able to confirm support at +/- $110 recently. After breaking the support, the price was able to rally to the $210 resistance, which is why we think the price is in a sideways phase. This sideways phase consists of the two levels of $110 and $210. As Kusama price last hit and was rejected by $210 resistance, we anticipate the price to test the $110 support first. This could drop the price by around 30%. However, there could be an optimal investment opportunity.
The Kusama price was able to form a trend line with the help of the last downward movement, which constantly served as resistance. This trendline was broken a few weeks ago, so we expect the price to start an uptrend anytime soon . This uptrend could allow the price to break out of the sideways phase and target the next resistance. This is located at around $320.
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