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KuCoin Token

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The KuCoin token was on a spectacular upward journeyThe KuCoin token was on a spectacular upward journey earlier, as its price rose massively from $4.0 to $16.0. However, the price faced a short-term decline and sought support at the $11.0 price mark. The current price is at $12.16 with an intraday increase of 7.39%, the price structure is facing resistance from dynamic resistance of 20-day and 50-day EMA. Moreover, the RSI has taken rejection from the smoothened line, which is at 43.21, and MACD is showing a bold bearish cross, with histogram growing downwards. Therefore, if the price fails to decline and breaks the support of $10.0, it could fall sharply. However, if the price rises, then the target could be $16.0, and 18.0.
CRYPTO:KCSUSDShort
by Yash_Jain_1309
KuCoin token earlier displayed a rejection from the supplyThe KuCoin token earlier displayed a rejection from the supply, after a wonderful uptrend in price action from $4.00 to $16.0 Since the KCS crypto confirmed a sign of weakness as the price plunged from a key level of around $16 on the chart. The KCS crypto is close to a huge drop, as it reached already the resistance level and seeking to reach new depths by shattering the current support zone. The KuCoin asset is demonstrating bearishness and downward momentum as it sinks below the major trend 20-day EMA, subject to the sellers' surge the price could become a falling knife and break supports. The KCS asset is showing bearish signs as MACD shows a bullish crossover, the histogram is making a negative graph at -0.2480 and the RSI is below the 50 level, indicating that the KuCoin asset is still in a bearish zone and can descend lower. The KuCoin crypto asset is displaying bearish characteristics and can reduce its losses. It has shown bad performance in the past week by 15.73% indicating that this could be the beginning of a consistent downward trend. At the time of writing, the KCS token is at $12.62 with an intraday massive fall of 9.99%. Therefore, if its gains continuously decline and move below major dynamic supports, it could decline further. On the flip side, if KuCoin reverses from nearest support it could incline and aim towards $20.0 northward and primary resistance would be $16.0 mark.
CRYPTO:KCSUSDShort
by Yash_Jain_1309