- The KuCoin token price crosses above 55-EMA with a 20% return in a week.
- The 24-hour trading volume is at $17 million.
- KCS/BTC pair is trading negative by -4.5% at 0.00021088 BTC.
On the daily chart of KuCoin token, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the token price movement. Investors may observe the price is floating above all the lines, so until the price resides above the multiple EMA’s, it will assure an uptrend in KCS.
Trading volume (4.311 M) is close to the 20-day moving average (6.897 M). The volume is moderate, so the cost is gradually moving upside. Investors may also notice that the volume bar on the chart decreases. This indicates that unusual volatility is common on the following trading days.
KuCoin Token Price Trend is Near The Demand Zone
KuCoin token daily technical chart and price trend show an uptrend. Based on the price action, the supply zone is located at 14-15 USDT. On the other hand, the demand zone to look for is 9 USDT. Therefore, the chart shows a bearish engulfing candlestick pattern during the day.
The RSI indicator gave a signal (bullish) with 64, projecting a buy signal in the currency. Investors can observe an inclined slope from 32 to 64 on the index. It can rise in future trading sessions.
The MACD indicator gives (bullish) cross over the signal line on October 01, demonstrating a buy signal in the token. Additionally, Investors can see the huge green bars on the Histogram index.
Conclusion
KuCoin Token price today is $13.08 with a 24-hour exchanging volume of $17,528,158. KCS cost is down – 3.1% as of now. It has a circling supply of 78 Million KCS coins and a complete stockpile of 168 Million.
The RSI and MACD both point to a buy signal, and the traders have prompted moderate volume. In fact, the cost is getting closer to the supply zone. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $14 & $15
Support Level: $9.0