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- 1 KIN token price signifies range bound moves, directing low investor interest.
- 2 Technical indicators are delivering a neutral stance and suggesting a drop lay ahead.
The KIN price hovers around its crucial support zone of $0.00002000 close to the 100 day EMA mark. The price action showcased that bulls are decisively holded the region and sellers are still trying to breach the zone to extend the correction. However, the token still has room for retracement and may retest the 200 day EMA shortly.
At press time, the Kin token (KIN) price traded at $0.00002090 with an intraday drop of 3.67%, reflecting neutrality on the charts. It has a monthly return ratio of -7.90% and 38.29% on a yearly basis. The pair of KIN/BTC is at 0.0000000293 BTC, and the market cap is $58.88 Million. Analysts are neutral and suggest that the KIN token may face further retracement and will retest the 200 day EMA mark soon.
KIN Price Volume Profile On Daily Charts
The above charts showcasing the KIN price to volume profile showcasing consolidation. Bulls are attempting for a pullback and the token is hovering around the 100 day EMA mark reflecting a neutral outlook. The intraday trading volume dropped over 14.89% to $245,123 reflecting low investor interest.
Price Volatility & Weighted Sentiment Analysis
Amidst the price consolidation this week, the price volatility curve remained average and noted a spike over 3.89% to 0.019 guiding neutrality. However, the weighted sentiment data stayed in the positive region, noted at around 0.385.
Active Social Users Data Overview
The active social users in the telegram platform noted a drop over 23.77% to 3818 witnessed a spike this week. Similarly, the active users on X also noted a drop over 13% to 3649.
Per the Fib levels, the KIN token price has taken support on its crucial 23.6% zone and is delivering a rejection from the upside of $0.00002600 mark. The RSI curve showcased a negative crossover and stayed below the midline around 43.
The total supply of the KIN token is 2.94 trillion, whereas the volume-to-market cap ratio is 0.00460, and it ranked 881 in terms of market cap in the global crypto market.
Summary
The KIN token price has holded the round mark of $0.00002000 and is trying for a rebound ahead. Moreover, the token has taken support on the 100 day EMA mark and reflected a double bottom formation.
Technical Levels
Support Levels: $0.00001900 and $0.00001830
Resistance Levels: $0.00002100 and $0.00002300
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice
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.
