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Kusama (KSM) Up 0.61% Wednesday: What’s Next?

Kusama (KSM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has increased 0.61% to $26.72.

InvestorsObserver is giving Kusama a 32 Volatility Rank. Find out what this means to you and get the rest of the rankings on Kusama!

Moderately Volatile

InvestorsObserver gives Kusama a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. KSM’s moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Kusama price is in a favorable position going forward. With support around $25.84 and resistance around $27.02. This leaves Kusama with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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