Moonriver Token Surges 89% in 24 Hours
- Token Price Surge: Moonriver's token surged by 89% in 24 hours, rising from $1.72 to $3.25, indicating strong speculative interest in the asset despite its market cap of only $37.1 million.
- Volume Spike: During this period, trading volume reached $65.7 million, nearly double the market cap, suggesting that even modest inflows can significantly drive price movements, attracting more traders' attention.
- Market Ranking and Context: Currently ranked 573 on CoinGecko, Moonriver sits well outside the top 200 tokens, reflecting its marginal position in the crypto market; however, the recent price volatility may entice short-term traders.
- Ecosystem Dynamics: As an Ethereum-compatible parachain on Kusama, Moonriver has faced declines in 2022, yet its team continues to develop the network, with future market performance hinging on the activity and user engagement within the Kusama ecosystem.
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Technical Analysis for KSM
Technical Sentiment Analysis for Kusama (KSM). As of , Kusama (KSM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for KSM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, KSM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Kusama (KSM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.462 | 2.876 | 3.832 | 5.246 | 6.202 | 7.616 | 8.572 |
| Fibonacci | 2.876 | 3.781 | 4.341 | 5.246 | 6.151 | 6.711 | 7.616 |
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