Bitcoin's rally have not influenced its price action, leaving itKCS price movements are not correlated with Bitcoin, setting it on a unique trajectory. Despite an intraday surge of 1.2%, KCS has declined by 6.2%, following a series of lower lows across the 20-day, 50-day, and 200-day EMA bands.
Recent news and Bitcoin's rally have not influenced its price action, leaving it unaffected.
Currently, KCS is trading at $7.54 with a market cap of $888.35 million, ranking 73rd intraday. The price is at a crucial support level.
If optimism increases, it could overcome the EMA hurdles one by one. However, if it fails to hold this support and faces higher sell-off orders, the decline could accelerate.
What traders are saying
Kucoin asset is showing bullish strengthThe Kucoin asset is showing bullish traits and can achieve more growth. It has demonstrated good performance in the past week by 9.42%.
The KCS crypto has experienced a surge of 1.24% in the last 24 hours, trading at $10411.
The Kucoin crypto has displayed a sign of revival as the price bounced back from a critical level of around $8.0 on the charts.
The KCS crypto is poised for a spectacular rally in the coming sessions as it prepares to smash the resistance level and soar to new heights from the current support zone.
Similarly, the Kucoin asset is showing bullish strength and rising potential as it stays above major 20-day and 50-day EMAs. Moreover, the KCS asset is in a strong uptrend, as MACD shows a bullish cross above the zero line at 0.046. Likewise, the RSI is at 54.07 and shows no signs of overbought conditions, suggesting that the KCS asset has more room to grow.
Therefore, if the demand for the KCS asset price remains high, it could keep on surging from the current level. The next target for the price could be to reach $12.0 and $13.0.
However, if the Kucoin crypto price fails to stay above the $8.0 level, it could decline further and could lower up to $4.50, as well.
$KCS the heart of KuCoin exchange:Recently experienced a price drop due to some bad news but has since shown signs of recovery.
The ideal accumulation range for KUCOIN:KCSUSDT is between $10 to $5, making it a good opportunity to buy more as it holds significant potential.
- #KuCoin stands as one of the largest cryptocurrency exchanges.
- Myriad of utility features within the KuCoin ecosystem.
- KCS Burn, Token Buyback and Airdrops.
KCS ! KUCOINKCS| KuCoin| Is This The Time For KCS To Grow Again?
We can see that the price is moving within the "Ascending Channel Pattern"
during all the month.
Actually the price is close to the support line again and it is getting ready for the next
bullish movement.
The pattern needs to complete the "E" wave.
Targets:
🎯 10.56
🎯 11.10
Thank you and Good Luck
KCS shall bounce from here!!This is based on fundamental analysis.
Since $BTC has shown a 10% up on a weekly candle, I'm bearish about bitcoin. And this time bitcoin shall crash below 16,000 $USDT as $KCS will follow somewhere near $8. Don't open any leverage trade based on this analysis, just open a spot order between these rates.
💡Don't miss the great buy opportunity in KCSUSD @kucoincom
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (15.851).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KCSUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 78.
Take Profits:
TP1= @ 17.173
TP2= @ 18.469
TP3= @ 19.521
TP4= @ 20.621
TP5= @ 21.556
SL= Break below S2
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