Kusama coin is consolidating in a horizontal range, where $140-a resistance and $115 seem to be a support area .
Today, the KSM coin price jumped above the 20-day moving average, which stood to be a resistance line.

However, today the bulls managed to keep the KSM coin price above the 20-day EMA in the context of the daily price chart. The rest of the moving averages, such as the 50,100 and 200 MAs, are well above the current price of KSM . Meanwhile, the coin saw an incredible change in volume of 153% over the past 24 hours, indicating that the coin is attracting investors. Also, the volume to market capitalization ratio is 0.06806.

Moving Average Convergence Divergence ( MACD ) has generated a bullish crossover from negative territory in the context of the daily price chart. Furthermore, Stoch RSI is enjoying a roller coaster ride but the indicator still appears to be bullish above its half-level (50-point).

The bulls need to immediately break the $140 resistance; then, there is only one bullish hurdle standing in the way of the $150 short-covering. On the other hand, if the bulls fail to propel the price of Kusama coin higher on a daily basis, the bears will again initiate panic selling.

Support level – $100 and $60
Resistance level – $150 and $200