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- 1 The Kucoin (KCS) token price has taken support on the demand zone of $9.
- 2 KCS witnessed an intraday surge of over 3.27%.
The KCS token price signifies a pullback from its make-or-break region of around $9 and reflects buyer accumulation in the last three trading sessions. Despite the market bearishness, the token has settled the correction and led to a rebound. However, the token has slipped below its key moving averages and is trading in a bearish trajectory. Additionally, the trend is bearish, and buyers must retain the 100-day EMA mark to revert the momentum.
At press time, the KuCoin token (KCS) price traded at $9.08 with an intraday gain of 3.26%, reflecting neutrality on the charts. It has a monthly return ratio of -38.2% and 8.17% yearly. The pair of KCS/BTC is at 0.000142 BTC, and the market cap is $685.85 Million. Analysts are neutral and suggest that the KCS token may retest the 200-day EMA mark and will stretch the pullback ahead.
KCS Price Volume Profile Analysis On Daily Chart
Per the daily chart of KuCoin token, the data highlights massive long unwinding and profit booking in the past sessions. Moreover, the price action replicates a steep decline in the form of lower low swings. Recently, sellers succeeded in breaching the demand zone of $10, and the chart displayed a death crossover. The intraday trading volume dropped over 38.29% to $1.62 Million.
Price Volatility and Weighted Sentiment Outlook
Following the price rebound, the token displays a spike in the price volatility curve this week. The price volatility curve witnessed a jump of over 8.90% to 0.022. However, the weighted sentiment looks neutral and stayed below the midline around -0.283.
Social Dominance and X Followers Overview
Per the Sentiment data, the social dominance data noted a down move and dragged over 18.40% to 0.047%, citing a decline in the discussion reports. Conversely, the X followers’ data reflected a bounce and surged over 43.20% to -1776.
What Does Active Addresses and Holders Data Indicate?
The active addresses data noted a significant decline and dragged to 28, indicating a neutral outlook. However, the total amount of holders’ data showcased a consistent rise to 70.2k.
Per the Fib levels, the KuCoin price has held its 23.6% zone and is witnessing a rebound from the demand zone. However, the RSI curve stayed in the oversold region, and a positive crossover was noted on the charts.
The total supply of the KuCoin token is 165.64 Million, whereas the volume-to-market cap ratio is 0.0235, and it is ranked 112 in terms of market cap in the global crypto market.
Summary
The KuCoin token price has attained a notable rebound and retained the $9 mark, highlighting the bulls’ accumulation. Moreover, the buyers are eyeing to cross the prompt hurdle of $10 to maintain the buying momentum.
Technical Levels
Support Levels: $8.60 and $8
Resistance Levels: $9.70 and $10.30
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.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
