Kusama (KSM) is currently trading at $7.56, reflecting a 2.94% decline in recent sessions. Trading volume over the past 24 hours stands at $10.23 million, representing a sharp 38.14% drop, indicating subdued market activity. Over the past seven days, KSM has fallen by 7.34%, highlighting a persistent bearish trend.
Market analysts point to broader cryptocurrency volatility and reduced investor sentiment as contributing factors. Despite the short-term decline, some technical indicators suggest that KSM may be approaching a critical support zone.
Crypto analyst Bit Amberly highlighted the importance of the current trading range, noting that a rebound from the support level could propel Kusama toward several bullish targets. According to Amberly, if the anticipated bounce materializes, KSM could see incremental gains toward $12.30, $16.80, $22.50, $31.90, and even $50.50.
Investors are monitoring the market closely, as the descending channel pattern has historically preceded significant upward movements when combined with strong support levels. While short-term volatility remains a factor, the technical setup provides an optimistic outlook for traders seeking medium-term opportunities.
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According to DigitalCoinPrice, KSM is projected to surpass the $16.59 mark by the end of 2025. Analysts emphasize that before reaching this target, Kusama may approach interim resistance points, potentially breaking previous highs and consolidating in the range of $15.70 to $16.59.
The cryptocurrency’s trajectory reflects broader market optimism and confidence from investors, exporters, and blockchain industry leaders. Should these predictions hold, KSM could reclaim attention as a high-potential digital asset, offering both speculative and strategic investment opportunities.
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Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

