Shiba Inu Ecosystem Gains Attention as Shytoshi Kusama Returns to X
- Kusama's Community Return: Shytoshi Kusama re-engaged with the community on X after a 13-day silence, confirming a scheduled discussion on Saturday, indicating a new phase for the project and boosting investor anticipation.
- New Tech Application Discussion: Kusama hinted at discussions around spiritual and technological themes, revealing plans for a new AI application aimed at enhancing the long-term development of the Shiba Inu ecosystem, showcasing strategic foresight.
- SHIB Price Fluctuations: Currently, SHIB trades at $0.000006235, down 1.8% in the last 24 hours, interrupting a three-day upward trend, with market participants watching for a potential breakout above the short-term resistance at $0.00000629.
- Reduced Derivatives Activity: Open interest in SHIB dropped nearly 11% over the last 24 hours to $58.99 million, indicating weakened derivatives market activity, prompting investors to closely monitor how liquidity shifts may impact price movements.
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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 6 technical signals, shows that 3 indicators are flashing buy, while 3 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 | 0.698 | 2.659 | 3.778 | 5.739 | 6.858 | 8.819 | 9.938 |
| Fibonacci | 2.659 | 3.836 | 4.562 | 5.739 | 6.916 | 7.642 | 8.819 |
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