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- 1 KUB coin price showcased an up move and is awaiting a bounce.
- 2 Buyers are eyeing the $3 mark to cross for resuming the bullish waves.
The KUB price revealed an uptrend and persisted in forming the higher high structure. Moreover, the coin has been decisively sustaining gains above the 20-day EMA mark for weeks, and remained in the bullish region. Amidst the market downturn, the Bitkub coin has retraced only by 18% this month and has holded the gains. The price action signified that the coin has retested the neckline support zone of $2.60 and is ready to rebound.
At press time, the Bitkub coin (KUB) price was trading at $2.68 with an intraday drop of 0.66%, reflecting neutrality on the charts. It has a monthly return ratio of 8.90% and 66.10% on a yearly basis. The pair of KUB/BTC is at 0.0000384 BTC, and the market cap is $198.37 Million. Analysts are neutral and suggest that KUB price will continue to deliver bullish waves and will cross the prompt mark of $3 soon.
KUB Price To Volume Profile Analysis Over Daily Charts
On the daily charts, the KUB coin price trades in an uptrend and is decisively holding the gains near the 20-day EMA support zone. Moreover, the technicals are suggesting that the coin may continue to stretch the rise and will continue to spread the bullish waves beyond the $3 mark soon.
Per the Fib retracement levels, the KUB price has sustained above the 38.2% zone and is close to the 50% zone. However, the coin has decisively holded above the mid bollinger band and is suggesting the upside.
The RSI curve stayed near the midline and formed a convergence of the signal line with the RSI line signalling possible volatile moves ahead. However, the MACD indicator shows neutrality and suggests rebound in the next sessions.
The total supply of the Bitkub coin is 110 million and the volume to market cap ratio is 0.00338. KUB coin stands at 2289 per the market cap in the global crypto market. The coin’s all-time-high is $11.90, and the fully diluted market cap was noted at $295.46 Million.
Summary
The Bitkub coin (KUB) price trades near the 20-day EMA mark and is awaiting a rebound to retain the $3 mark. Moreover, the trend is intact and the coin will resume to float the bullish waves further ahead. Conversely, if the coin slips below $2, the coin will face a correction phase and will retrace toward the $1.60 mark.
Technical Levels
Support Levels: $2.50 and $2.0
Resistance Levels: $3.0 and $3.20
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.
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.
