thecoinrepublic.com
- 1 KCS token price shows range-bound moves and is hovering below $11.
- 2 The token witnessed low investor interest and has been limited to a range.
KuCoin token (KCS) price hovered in a range and witnessed consolidation for the past sessions. Moreover, the token has paused the reversal and is waiting to crack the range upper neckline of $11. Recently, the token rebounded from the bottom mark of $4 and surged over 200% in the last few weeks. However, the buyers are now taking a nap, as sideways movement was witnessed.
KCS token price is trading above the key moving averages and is replicating neutrality on the charts. However, the bulls need momentum to grasp the bullish sentiments, leading the token toward $15 shortly. Amidst the positive market sentiments, the token stayed inside a cage and did not reveal bullish moves. Per the Fib levels, the token escaped the 38.2% level and is heading to the 50% zone.
The Kucoin token (KCS) price was $10.63 at press time, with an intraday gain of 1.46%, showing neutrality on the charts. Moreover, the trading volume has increased by 33.20% to $1.43 Million. The pair of KCS/BTC is at 0.000205 BTC, and the market cap is $805.29 Million. KuCoin has a monthly return ratio of 7.75% and 26.14% yearly. Analysts are neutral and suggest that the KuCoin crypto (KCS) price will continue to face sideways movement and may retest $15 soon.
KCS Displays Consolidation On Daily Charts
On the daily charts, KuCoin (KCS) price stayed in a narrow range and did not reveal any buying cues despite the market surge. However, the token has sustained gains above the 20-Day EMA mark and is delivering positive sentiments. The token still has an upside room, but bulls need to escape the $11 mark to fulfill the gap of $15.
RSI curve is near neutrality, it formed a negative divergence, suggesting that profit booking may be triggered soon. Moreover, the MACD indicator shows the convergence of the MACD line with the signal line and delivers uncertain price movements.
KCS Exhibits Pullback From Demand Zone, Could It Trigger $15?
KuCoin (KCS) token has witnessed a rebound and remained in the neutral region decisively, reflecting follow-on buying momentum in the past few weeks. However, the token is hovering close to the 100-Day EMA mark and attempting a bounce toward $15. The technicals are still favoring the upside and suggest that the token may continue the reversal for the upcoming sessions.
Summary
The KuCoin token (KCS) price witnessed a consolidation phase and hovered in the range between $10 to $11 for the past few weeks. Amidst the bullish market sentiments, the token could not strike the upside of $11, highlighting low investor interest. However, the trend is intact, and the token may reflect a range breakout soon.
Technical Levels
Support Levels: $9 and $7
Resistance Levels:$11 and $15
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.