Kusama (KSM) Breaks Resistance, Targets 13.03% Weekly Gain

Kusama (KSM) has recently broken through a significant resistance level, marking a notable shift in its price trend. The cryptocurrency surged past the descending triangle resistance, a key technical level that had previously capped its upward momentum. This breakout from the triangle pattern indicates a potential trend reversal, as bullish sentiment gains traction among investors.

The breakout was driven by substantial buying pressure, contributing to the upward price movement. This suggests a growing confidence in the cryptocurrency's future prospects. The bulls are now targeting a $36.50 breakout rally, aiming to capitalize on the momentum generated by the recent price surge.

Kusama is indicating of a significant bullish turnaround since it has broken out of an inverted triangle formation on the dotted chart. The move suggests renewed momentum, with key resistance levels now in sight if buying pressure continues building. The price nears the 100-day MA at $17.40, and a close above it could confirm Kusama’s breakout and trigger a strong continuation. The rising RSI and increasing volume support the breakout, while a low-volume gap above current levels allows room for rapid price advance.

Jonathan Carter recently highlighted this breakout on Twitter, noting that KSM has pushed above the triangle resistance. He noted that a signal coming of the close above the 100-day moving average (MA 100), currently near $17.40, could then send the stock up to $21.80, $28.50 and $36.50.

The descending triangle had capped Kusama’s price since late 2024, forming lower highs against a flat $12.50 support. Now, breaking above this bearish structure marks a significant sentiment shift. Although KSM is down 1.72% today, it has climbed 13.03% over the past week, reflecting increased buying pressure.

Moreover, the RSI is rising toward bullish territory, and daily trading volume has slightly increased. These signs point to a strengthening move. Additionally, the Volume Profile (VRVP) reveals a low-volume zone above the current price, suggesting minimal resistance ahead. This gap could allow for swift price action if momentum holds.

Besides, the 100-day MA is acting as a critical resistance. A close above it could confirm the breakout and invite further bullish continuation. The $21.80 zone is the first key target, followed by $28.50 and $36.50 — areas with historical supply significance.

Consequently, if bulls maintain momentum and volume continues rising, Kusama could see rapid gains. The breakout reflects a shift in market structure, favoring a potential uptrend. Hence, traders should monitor confirmation signals closely as Kusama prepares for a possible rally.