KSM +99.08% in 24 Hours Amid Strong Short-Term Rally

On SEP 3 2025, KSM experienced a dramatic 99.08% increase within the last 24 hours, closing at $14.48. This sharp rebound follows a 261.74% gain over the past seven days, contrasting with a broader 84.31% drop over the last month and a staggering 5368.07% decline over the year. The recent price action has sparked renewed interest among investors, with many analyzing the market’s potential for stabilization or reversal.

The short-term upsurge suggests a possible shift in sentiment, with traders reacting to specific on-chain metrics and market depth indicators. While the broader downtrend remains intact, the immediate bounce has raised questions about whether the market is forming a short-term base or if this is an isolated spike. Analysts project that the coming weeks will be crucial in determining whether the recent gains are sustainable or a temporary reaction.

Technical indicators have shown mixed signals. The 200-day moving average continues to trend downward, aligning with the long-term bearish bias. However, the RSI has moved into overbought territory, indicating a potential pause or pullback in the near term. This contrast between long-term and short-term indicators underscores the volatility in the market and the need for cautious interpretation of price action.

The recent price movement has led to renewed discussions around KSM’s on-chain activity. Metrics such as active wallet growth, exchange inflows, and smart contract usage have all shown marginal improvement. While these factors are not standalone predictors of price, they are often seen as early signs of market interest. Developers have also noted increased network utilization, which some observers have linked to the recent price action.