Home
News
- 1 KuCoin crypto price is trying to stabilize near the round level of $10.
- 2 The technical indicators imply a positive outlook above the 200-Day Exponential moving average in the long term.
KuCoin price started off lower on Monday after a positive closing in the last couple of sessions. At the time of writing, the crypto was hovering above the 20-Day EMA at $10.57 reporting a swift intraday loss of 0.85%.
Moreover, the KCS crypto seems to be stabilizing near the $10 level in the last couple of months after facing high volatility in the price in the earlier sessions. Looking precisely at the price value in the past few months, a breakout was noted on the daily charts in the earlier sessions of November 2023.
Thereafter, the KCS price gained traction and made its way to a high of $14 in December 2023. In the same period, the crypto delivered significant returns of nearly 200% to the investors and traders.
The buyers could not hold near the highs and the price suffered a sharp reversal from the $14 level and slipped near $10 level in a few sessions in December.
For the past two months, KuCoin token has been trying to stabilize and sustain near the $10 level. The short term outlook is neutral to bullish as the bulls are establishing their presence near the $10 level.
KuCoin Crypto Volume Analysis
The volume analysis shows that the KCS crypto has received $1.35 Million volume in the last 24 hours which is 11.96% less than the previous day. It had a market capitalization of $1.02 Billion at press time.
Volume to market capitalization ratio is 1.60% indicating mild volatility in the crypto. KCS has a circulating supply of 160.875 Million tokens against a total supply of 223 Million tokens.
KuCoin Token Indicator Analysis
From a technical perspective, the KCS token price is hovering above the 50-Day EMA suggesting a positive outlook in the short term. Also, the price lies significantly above the 200-Day exponential moving average suggesting a positive trend prevailed in the long term.
At the time of writing, the RSI line was placed at 57.01 and that of the SMA line was at 57.81 points suggesting a neutral to bullish outlook in the short term.
KuCoin Price Prediction February 2024
KCS crypto witnessed a consolidation between $10 and $11. Fresh upside moves may be observed if the price breaks above the $11 level. It may drive the price to the higher levels of $11.5 and $12 level.
Whereas, the breakdown below the consolidation may create volatility in the price as more buyers may try to enter the market to defend the $10 level.
KuCoin Crypto Price Prediction 2024
The price analysis for the year 2024 is that the KCS token could reach a high of $16.028, suggesting a potential gain of over 51.47% if the most positive conditions prevail. Moreover, the less positive outlook of the analysts hopes for the crypto to attain $13.58.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
