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.