KuCoin Token Price Analysis: KCS Gearing Up for a Massive Rally?


  • KuCoin Token price analysis is bullish today.
  • KCS/USD is confronted with resistance level of R1 at 9.48 dollars.
  • The $8.32 support level for KCS/USD is really strong.
  • The EMA(50) is currently at $9.37.

03 October 2022 : In this article we will walk you through KuCoin Token price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for KuCoin Token, Is KCS a good investment? KuCoin Token support & resistance levels etc. But before diving deep into the KCS technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $942,349,851,200. The total trading volume stands at $55,016,313,716. Bitcoin shares 39.79 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,561.70 level after an upward movement of 1.82%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 2.21 percent reaching to $1,326.48 during the previous 24 hours.
While publishing this blog, BNB traded at $288.52, following a price change of 1.89% within the same time frame. XRP the native coin of XRP is down by -0.62 and currently trading at $0.46. Additionally, Cardano reached $0.43 after seeing a uplift of 0.41% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

KuCoin Token Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of KuCoin Token (KCS)

KCS Resistance Levels KCS Support Levels
Resistance Level 1 $9.48 Support Level 1 $8.73
Resistance Level 2 $9.82 Support Level 2 $8.32
Resistance Level 3 $10.23 Support Level 3 $7.98

KuCoin Token Performance

The current KuCoin Token price is $9.16, with a trading volume of $1,404,111.00 in the past 24-hours. Currently, KCS is up by 0.72% since yesterday with a market capitalization of $901,090,172.00 USD.

KuCoin Token Price Analysis

KCS price analysis for 03 October 2022 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the KuCoin Token.

Moving Averages Price Indicator
Simple Moving Average (10) 9.08 Buy
Exponential Moving Average (10) 9.09 Buy
Simple Moving Average (20) 9.08 Buy
Exponential Moving Average (20) 9.09 Buy
Simple Moving Average (50) 9.38 Sell
Exponential Moving Average (50) 9.37 Sell

The MACD line is standing above of the signal line after a positive crossover. KuCoin Token investors need to wait for any directional change over the daily chart. The relative Strength Index (RSI) indicates that the KCS coin is in heading towards overbought zone, as RSI is at 55. The immediate resistance for KCS is found at $9.48, and a breakout from this level could leads towards the next resistance, which can be found at $9.82. On the other hand, if the bear take control and KCS price fails to break out above $9.48, it could fall back towards the crucial support at $8.73. While KCS’s Williams %R indicator is at -33.677 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.

Conclusions

As of now, KuCoin Token is doing well and is attempting to break out of the reddish zone. In order to invest in the digital currency, crypto investors want to see the KCS move into the positive zone. As far as we can tell, KuCoin Token is on its way up. In 2022 and beyond, the KuCoin Token price has a significant likelihood of rising. It's important that you do your own research before making a decision on whether or not this is a smart investment for you.