LiveBitcoin Holds Near $84K as ETF Outflows Raise Rally Concerns: markets liveFollow the coverage →
Skip to content
Share
News

KuCoin Price Analysis: KCS Coin Price Sees A Strong Upside Momentum For A New High

Follow The Market Periodical
KuCoin Price Analysis: KCS Coin Price Sees A Strong Upside Momentum For A New High
||
  • KCS coin price is currently seeing a strong upside momentum and can soon see a new high. It is trading with a gain of more than 1.8% in the intraday session.
  • Technical indicators of KUCOIN suggest a strong upside momentum in price. In contrast, KCS/BTC pair is seeing a gain of more than 2.8% in the past 24 hours.

KCS coin price is currently seeing a strong upside momentum and can soon jump above the $20 in the future. KuCoin‘s price is up by more than 2.2% and is trading near the value of $14. The asset has an ROI of more than 1830% and has benefitted retail and institutional investors for a very long time. The bounceback region of the KCS in the downtrend can be seen around $10. Meanwhile, the hostile region of the KuCoin while going upwards can be found at around $17.One can forecast strong growth in KCS in the future.

KuCoin token market cap along with the market dominance is seeing a speedy recovery which can soon push it to the top. The volume of the coin is also seeing a steady growth which can act as a strong catalyst to push the price to a new high. One can invest in KCS as per their needs and risk adversity.

Bulls Of KCS Coin Are Looking To Push The Price To A New High

Source: Trading view

KCS coin is currently trading with strong bullish momentum in the weekly technical chart. On coming to the daily chart there is a formation of a strong bullish engulfing pattern which can push the price to a new high. The asset price is currently trading above the 50 and 100 Daily Moving Average. The 50 DMA is near $11 which can act as temporary support for the price. If the coin price jumps 15 to 20% above the current level then a strong bullish trend can be seen. If the asset price crosses above $18 then a momentum till $25 can be seen. KCS/BTC pair can also see a new high in the future.

Conclusion

Kucoin is currently seeing a strong upside momentum which can push the price to a new high.KCS/BTC pair can also see a new high in the future. One can invest in KCS as per their needs and risk adversity.

Technical Levels

Major Resistance: $20
Major Support: $10

Get this news hand-delivered to you on Telegram. Join our Telegram for similar News and Information related to CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN NEWS, and Price prediction

R
Written by
Verified

Rajat is an MBA graduate specialized in finance who is a motivated self-starter, highly organized, and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. His primary focus is on cryptocurrency price analysis and industry news coverage.

CryptocurrencyMarketNews

About this article

PublishedOctober 17, 2021 2:37 pm
Last updatedJanuary 15, 2025 11:54 pm
Written byRajat Arya
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

More in News

Advertisement Your banner here — reach 400K+ crypto, forex & stock investors Advertise → 728 × 90