KSM has been able to show some resilience over the past few days relative to the other Alt coins. Fundamentally, I believe it will continue to grow in price, due to reasons mentioned on the chart.
Technically, we are still on an uptrend, and holding above a strong area of support. If price does happen to close below this level, there is still the 38, 50 and 61% levels to break through before heading to the trend line.
As with any trade, its best to react, rather than predict. So as time goes on and we see more confirmation of trend continuation. I will be looking for long opportunites. Check comments for previous analysis.
Let me hear your thoughts on what you think will happen next.
for me the question is - when is KSM going to stop? or go down? im holding it since 36usd... everytime im thinking about selling a portion, it jumps up??!?!
N0ST0PL0SS
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@flyfreebaby, Great price! I honestly have no idea when the pump will stop. Fundamentally, KSM is a great token to hold. I've just been day trading it. Compared to other ALTs, KSM has been strong through BTC dips, so thats definitely a good sigh long-term. With BTC basically back on its uptrend, once we start to make new highs, KSM might slow down. However I believe it wont have a great negative effect relative to other ALTs.