- At press time, the KCS crypto experienced a recent drop of 1.51% in the last 24 hours, trading at $10.81.
- The KCS crypto asset is exhibiting positive buying signs and shows that it has the capability to rise further.
KCS is the native token of KuCoin, which was introduced in 2017 as a profit-sharing token that enables traders to benefit from the exchange.
KCS Bonus is considered one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily dividend, which comes from 50% of KuCoin’s daily trading fee revenue.
The amount of rewards that any user can obtain directly depends on the number of KCS carried and the trading volume of the KuCoin Exchange.
KuCoin uses the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users.
It uses a multi-cluster and multi-layer architectural technique that is able to handle greater than one transaction at the same time, guaranteeing system stability throughout every transaction.
KuCoin Crypto Price Analysis on 1-D Time Frame
At press time, the KCS crypto is experiencing a drop of 1.51% in the last 24 hours, trading at $10.81.
The KuCoin crypto is getting geared up for the continuation of a massive surge, which could rival the resistance level and even soar to new zeniths from the current base zone.
Moreover, the KuCoin crypto has shown a key trait of turnaround recently as the price recovered from a key level of around $10 on the chart and is trying to sustain, which shows signs of accumulation.
Furthermore, if the demand for the KCS surges and reaches at a peak, then the asset price could enhance sturdily from the current level. The next important goal for the KCS price is $16.
Alternatively, if the KCS crypto price fails to stay above the $10 level, it could decline further.
In addition, the KCS crypto asset is exhibiting positive buying signs and shows that it has the capability to increase even further. Also, it gained significantly last month, and three months – by 38.22%, and 141.18% respectively, demonstrating a strong trend.
As per the technical trend highlighting tools, the asset is bullish and consists more room to rise as it stays above major EMAs, indicating that the asset is not facing significant selling pressure yet and could continue to rise
Summary
The KuCoin crypto chart shows that it is getting geared up for the continuation of a massive surge. Moreover, the KuCoin crypto could turn around as the price recovered from a key level of around $10 on the chart and is trying to sustain.
Furthermore, if the demand for the KCS surges and reaches at a peak, then the asset price could enhance sturdily from the current level. The next important goal for the KCS price could be is to reach $16 and above.
Technical Levels
Support Levels: $10
Resistance Levels: $16
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.