The correction phase in the KSM token has displayed a significant fall in its technical chart. The token is currently dropped back to the $300 support, which is the previous swing low of this rally. However, the token has started showing some positive turns at this support level, suggesting the price could continue to rally again.

Key technical points:

• The KSM token displays a strong bullish divergence in the RSI chart
• The intraday trading volume in the KSM token is $141 Million, indicating a 33.7% gain
  
  

Source- KSM/USD chart by Tradingview

The KSM token made a new higher high at the $517 mark before entering the correction phase. This crucial resistance goes way back, where it initiated the sudden fall of June ‘21. The token has lost 40% of its value in this pullback, displaying an …