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- 1 The KuCoin Token price prediction suggests that KCS might show outperformance in 2024.
- 2 The KCS price rose 28% in the current week and sustains above the $12.00 mark.
- 3 KuCoin crypto’s price is in a strong uptrend and bulls are continuing their dominance.
The KuCoin Token price prediction is highly bullish for the next few months and suggests bulls will lead the rally.
The KCS price shot up more than 28% in the last two trading sessions and succeeded in achieving the $12.00 mark. It is forming a bullish pattern and hitting the year-till-date high.
Meanwhile, the KCS crypto also witnessed a massive spike in the buying volume which correlated with an up move in price. It denotes some big players have turned bullish and injected the money into the token.
The chart structure of KuCoin crypto favors the bulls and their dominance is clearly visible. The recent surge in the token price looks powerful and reliable so it might hold the higher levels.
The 50-day EMA positively intersected with the 200-day EMA which displayed a golden crossover. It boosted the confidence of the existing long-term investors and also fueled the upward momentum in price.
Moreover, the KCS price is trading above both the EMAs showcase uptrend. So, any downfall toward $10 will have a high possibility of getting a bounce.
Currently, the KuCoin price is trading at $12.897 with an increase of 11.08%. In the last 24 hours, the trading volume has surged by 188% and the volume to market cap is 1.33%.
Will KuCoin Token Price Continue the Rally in January?
KuCoin Token price prediction suggests a rise in the short run as well as in the long run. The bulls look very aggressive as compared to bears so more scope for upside is open.
Till the KCS price sustains above the $9.967 level, buyers will remain active and the rally may continue in the coming months. However, the price is near the overbought territory and looks mildly overstretched. So, a short-term sell-off may trigger any time from the higher levels.
The analysis suggests that the KCS price is in the bulls’ grip. So, it’s better to look for buy on the dips opportunities and stay with the trend.
KCS Price Racing Toward the Supply Zone
The KCS token price is racing toward $14.00, which may act as a strong barrier for the bulls. The sellers may try to reject the price to defend their supply zone.
However, if the buyers get strong and succeed in taking control of the supply zone, it might trigger the next phase of the rally and increase the probability of hitting the $20.00 mark.
Conclusion
The KuCoin Token price prediction stays bullish for 2024 and suggests new swing highs may be visible.
The analysis suggests that bulls are dominating in the KCS crypto so any short-term downfall toward $10 may show a bounce. The probability of reaching the $20 mark will increase when buyers can break the $14 barrier and sustain.
Technical levels
- Resistance levels: $13.994 and $16.000
- Support levels: $9.967 and $7.727
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.