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Kucoin Price Analysis: KCS Token Expecting a 20% Upside From The Current Levels

  • The KCS token price flies above several EMA’s on the intraday session.
  • The 24-hour trading volume is at $66 million.
  • KCS/BTC pair is trading positive by 10.9% at 0.00048756 BTC.

Moving Average (EMA) containing 20,50,100,200 In the KCS token daily price chart, it is reliable support for currency price trends. Investors can observe that price moves above the red line and can guarantee an bullish trend as long as costs are above the moving average.

The volume (14.525 M) is below the 20-day moving average (44.883 M). The volume is moderate, so the cost has been moving upside gradually. Investors may also notice a decline in volume. This indicates that unusual changes are expected on the following trading days.

KCS Token Price Eyeing for a Breakout Above Resistance Level

The daily price chart of the KCS token tests the resistance zone. Depending on the price action, the support region is within $20. On the flip side, the resistance level to look for is around $35.  

The Stochastic RSI showed a K-66 and D-40 followed by a (bullish) crossover with a short-term buy signal. Investors may observe that the indicator’s RSI line is running upside. A rise can happen on upcoming trading days.

The MACD shows a (bullish) cross above the signal line on December 01, indicating a buy signal for the currency. In addition, investors can see emerging green bars in the histogram indicator.

Conclusion

The KuCoin Token price today is $27.89, with a 24-hour trading volume of $66,452,475. KCS price has been up 11.2% in the last 24 hours. It has a circulating supply of 77 Million KCS coins and a total supply of 167 Million.

The Stochastic RSI shows a buy sign, and MACD indicates a buy signal. Traders have directed moderate volume. In fact, the cost struggles around the pivot zone during the intraday. A market overview also shows that this pattern will continue to surge in the coming trading days.

Resistance Level: $35

Support Level: $20

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.