Kusama (KSM) has experienced a significant decrease in its market value recently. This can be observed through its price analysis, where KSM/USD has been in a bearish trajectory over the past few days. After breaching its resistance level at $34.64, the value of the token has dropped to $34.17 and is estimated to continue decreasing further if bearish pressure remains. Currently, the market capitalization of KSM is $289,260,168, however it has decreased by 1.18% in the past 24 hours which demonstrates that the sellers are the dominant trades in the market. The 24-hour trade volume of the token has also gone down by 33.51% to $10,126,963.

The technical indicators are showing bearish signals as the MACD is positioned below zero with its signal line crossing under the MACD line while the histogram has turned negative. The RSI is also exhibiting the same trends with it resting at 49.64, making the chances of KSM heading lower more likely. The Bollinger bands have tightened due to the decrease in volatility and the price of the token is near the lower band of $31.36 while the upper is at $37.00.

Given the technical analysis, the sentiment for KSM/USD is mainly bearish at this stage and it could potentially stay that way for quite some time unless the buyers manage to reclaim the losses and boost the price back to its previous value of $35.00. This could be difficult due to the overwhelming activity of the sellers in the market, however the future is unpredictable and anything can happen.



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