- KCS Token price breaks above the crucial resistance zone near the $20 mark.
- The 24H volume of the token is $88M with a 430% growth.
- The pair of KCS/BTC is trading at 0.0003258 BTC with an intraday move of +3. Netbet offers 24/7 customer support and is one of the most trusted online gambling sites by the UK gambling community. 68%
The KCS Token price action breaks above the resistance zone near the $20 mark in the weekly chart. Moreover, the recent increment in buying pressure evident by the jump in intraday trading volume increases the bullish run possibility.
Pivot point analysis has shown that resistance levels for the Token are at $25, followed by $30. But, sellers could face resistance at $15 and $12 if the price breaks below the $18 mark.
KCS Token price is traded at $21.24; the market capitalization has risen 9.26% in the past 24 hours. In addition, intraday trading volumes increased by 430% during the last day.
Is It Too Late To Stage A Position in KCS Token?
The KCS token price may struggle to sustain above the $20 horizontal level in the daily chart. However, the incredible breakout in the weekly chart indicates a bull run with the support of solid buying pressure.
The daily chart shows that the KCS token price is in a bullish trend. This is due to the fact that the price trades higher than the important EMAs 20,50100, 200. The EMAs will guard against any decrease in the token’s price.
As the slope rises above its centerline, the RSI indicator indicates underlying solid bullishness.
MACD indicators show the MACD indicator’s signal lines rising each day. The lines also maintain a bullish alignment. This is a buy signal.
Conclusion: Strong buying opportunities arise from the breakout of the $20 resistance zone in the weekly chart. However, the chances of a bearish reversal are also considerable if the buying pressure succumbs in upcoming sessions.
Resistance– $25 or $30
Support– $15 and $18