KuCoin Price Analysis: Will KCS Price Hit $0.15 Soon?

• The price of KCS is trading at $6.648.
• The KCS price decreased by -0.18% in the last 24 hours.
• The KCS year-to-date return is +2.49%.

Volume Analyzation

The amount of KCS traded in a day is $1511949. It has fallen by 38.57% since the last day. The trading activity is low now because the market is unfavorable and there are not many buyers for the coin. Therefore, it can not push the price up due to the lack of considerable volume present in the market. 

Trend Analyzation

This week the trend was bearish as the price was down by 2.83%. By trend and price information history, we can say that KCS is underperforming right now. The coin’s value surged by more than 1100% in all-time history, giving considerable returns to the investors’ money. The market mood is bleak and there is a lack of demand or trading activity for the coin. This may explain why the coin has performed so poorly.

In 1-D Timeframe

Trendline Analyzation

As per the trendline, it’s respecting the trendline and facing rejection exactly from the drawn trendline on the chart. From the point where it declined from the trendline, it’s been bearish and moving inside the drawn channel. It is in the middle of the drawn channel by taking support from the trendline. Therefore, it seems that the price is having a hard time climbing up.  It may fall soon and reach our nearest support zone. As per the trendline, it can reach $6.018 soon which is our major support. 

Supertrend

With the help of just two parameters: period and multiplier, this indicator works really well. At period value 20 and multiplier value 2, it shows the continuous trend if it’s bullish or bearish. As shown in the chart, it’s bearish.

MACD

As we can see in the chart, the blue line or MACD line has crossed the signal line from below while making a bullish crossover since it’s below the zero line. We can say based on the territory, the lines are in, we can say that the trend may continue downward.

EMA 

The price is going up on the 1D chart. It is below the 20, 50, 100 & 200 EMA’s (exponential moving average), which is resisting the trend and pushing it downwards. The sellers are stronger than the buyers which shows that the price is unable to reach above resistance levels. The resistance is high by the bears. To change the direction, the price has to go up and stay above the 20, 50, 100 & 200 EMA’s.

Bollinger Band

The KCS coin price is trading at the lower band of the Bollinger Band indicator after failing to surpass the upper band. After facing rejection from the 20-day Simple Moving Average (SMA) of the Bollinger bands, it is indicating more downward move.

Conclusion

The KCS coin price as per the price action is bearish. As of now, the technical parameters indicate bearish pressure in the upcoming trading days. The sentiments of traders and investors are bearish.

Technical Levels:

• The Nearest Support level is $6.018.
• The Nearest Resistance level is $7.876.

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 investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.