KuCoin: Can KCS Crypto Price Continue to Rise Towards $9 Mark?
- 1 The price of the KuCoin is trading at $7.959 and the 52-week range is $3.54 – $10.47.
- 2 The price movement shows that the KuCoin has formed a bullish pattern.
The KCS price erupted massively from September 2023 from $3.54, inclined higher and higher, setting new highs in the process.
It demonstrated remarkable growth in the KCS crypto price in the last three months.
The price movement shows that the KuCoin formed a bullish pattern known as the flag and pole pattern and has room to run higher.
The chart performance showed an 82.31% jump on a three-months basis; 72.76% on a monthly; and 12.98% in the past week. This suggests that the crypto is in a strong uptrend and has a strong momentum.
The KCS/USD crypto pair has a current market price of $7.94 with an intraday surge of 2.37%.
Furthermore, it seems like the crypto might be primed for another splendid surge in the coming sessions. As it gears up to crack the resistance level from the current level.
Therefore, if buyers sustain the pressure, KCS price might rise strongly from the current level.
The possible target for KCS price is $9. On the contrary, if KCS fails to hold its ground and slips past the $6 level, it may fall further.
KuCoin crypto price (KCS) is above the 20, 50, 100, and 200-day EMA’s (exponential moving average).
The EMA is acting as support, taking the KCS price trend up. Therefore, KCS Price Prediction highlights that the crypto could advance, if the buyers mobilize its force more.
The MACD line at 0.6763 and the signal line at 0.6530 is below the zero line.
Both lines have been moving above zero line and the histogram width is showing a good activity in price. This shows that the current bullish crossover in the MACD oscillator, suggests bullish signals.
In addition, the Kucoin token analytics highlights that wallet addresses holding amounts between $0-$1K are 89.94%, wallet addresses holding $1k-$100K are 9.52%, and $100k+ are 0.53%.
The whales who hold over 1% of the KuCoin token are 97.7% and others are 2.93%.
This suggests that the Kucoin token has a high level of distribution and accessibility among the crypto community.
Technical Levels
Support Levels: $85
Resistance Levels: $115
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.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.