Chainlink (LINK) and Kusama (KSM) Technical Analysis: Buyers Relentless

Chainlink (LINK)

The middleware links smart contracts of supported chains with verified data using LINK.

Past Performance of LINK

The Chainlink token is within a bullish broken pattern from a top-down view. However, it has remained in consolidation in the last few days.

Even so, LINK crypto buyers are on top, rewinding recent losses.

Day-Ahead and what to Expect

The path of least resistance is northwards despite the sideways movement.

Accordingly, every low may present a loading opportunity for LINK token traders aiming for $35.

On the reverse side, losses below October 27 bear bar at $28, and the middle BB may trigger a sell-off. In that regard, LINK/USDT prices may drop back to $20 in a retest.

Chainlink Technical Analysis

The Chainlink token is bullish, tracking higher though at a slower pace.

With LINK coin buyers in the equation as per the LINK technical analysis in the daily chart, bulls stand a chance.

In continuing the bullish breakout of mid-October, every low may offer entries with targets at $35 and later $54.

On the reverse side, losses below the defining bar of October 28 may force a sell-off towards $20.

Kusama (KSM)

The experimental interoperable blockchain uses KSM as its primary currency.

Past Performance of KSM

The Kusama coin is firm as per the KSM technical analysis in the daily chart.

As KSM crypto outperforms the greenback, there is the validation of gains traced back to late September.

With the revival of KSM prices, buyers appear to be in control.

Day-Ahead and what to Expect

From the daily chart, KSM/USDT prices are firm to the upside.

The follow-through of November 2 makes for a solid start of the month, a foundation for more gains in the days ahead.

In the immediate term, KSM coin buyers have their eyes on $580.

On the reverse side, a dump below November lows at around $350 may shift price action to favor sellers.

Kusama Technical Analysis

There are hints of strength in the KSM/USDT price chart.

Technically, buyers are in a commanding position.

As a result, every low may offer entries for aggressive traders targeting $580.

Note that KSM token bars align along the upper BB, suggesting strength and bulls’ confidence.