The price of Kucoin Token (KCS) has struggled to hold its key support against Tether (USDT) in recent times after showing a great recovery bounce as it cracks double-digit gains. Bitcoin (BTC) being rejected from a high of $25,200 to a region of $20,000 in the past few days has negatively affected the price of other altcoins, including Kucoin Token (KCS). (Data from Kucoin)<\/p>\n
Kucoin Token (KCS) Price Analysis On The Weekly Chart\u00a0 From the chart, the price of KCS had a strong bullish bias at $22, but the price was rejected from that region, leading to a more downward movement for KCS.\u00a0<\/p>\n After seeing two weeks of bearish sentiment, the price of KCS looks set to bounce from its key support from what seems to be an area of interest for bulls.<\/p>\n The price of KCS is faced with resistance at $11 after it rallied from a low of $8.5; KCS needs to break this region of resistance with good buy volume to trend higher to $13.<\/p>\n If the price of KCS fails to hold the support at $8.5, we could see the price going lower to the support area at $6.<\/p>\n Weekly resistance for the price of KCS \u2013 $11-$13.<\/p>\n Monthly support for the price of KCS \u2013 $8-$6.<\/p>\n Price Analysis Of KCS On The Daily (1D) Chart KCS\u2019 weekly daily low was $8.5, which formed good support for the price to bounce off. KCS\u2019 price rallied to $11 but could not flip the resistance as the price was sharply rejected.<\/p>\n KCS\u2019 price is currently trading at $8.8 below the 50 and 200 Exponential Moving Averages (EMA), acting as resistance for the price of KCS to break higher.\u00a0<\/p>\n The 50 and 200 EMA corresponds to prices at $10.3 and $13.3; for KCS to trend higher, it needs to break this region, acting as resistance for KCS prices.<\/p>\n A break and close above 50 EMA would signal a short-term relief bounce while closing above the 200 EMA indicates a downtrend reversal to the upside of the current bearish trend.<\/p>\n If the price of KCS fails to hold the support at $8.5, we could see the price of KCS going to a lower region for price accumulation.<\/p>\n Daily (1D) resistance for KCS price \u2013 $10.3, $13.3.<\/p>\n Daily (1D) support for KCS price \u2013 $8.5.<\/p>\n Price Analysis Of KCS On The Four-Hourly (4H) Chart The price of KCS on the 4H chart has continued to look weak, trying to hold above the support area at $8.5; more buy orders in this region could see the price of KCS going higher.\u00a0<\/p>\n KCS has formed a bullish divergence<\/a> on the 4H chart as the price is oversold; we could see a bounce from this region for KCS price, as $9 could act as minor support. If this region is flipped, we would see the price going to a high of $10.3<\/p>\n The Relative Strength Index (RSI) for KCS on the 4H chart is below 30, indicating that KCS has been oversold.<\/p>\n Four-Hourly (4H) resistance for KCS price \u2013 $9-$10.3.<\/p>\n Four-Hourly (4H) support for KCS price \u2013 $8.5.<\/p>\n Featured Image From Coingape, Charts From TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n The price of Kucoin Token (KCS) has struggled to hold its key support against Tether (USDT) in recent times after showing a great recovery bounce as it cracks double-digit gains. Bitcoin (BTC) being rejected from a high of $25,200 to a region of $20,000 in the past few days has negatively affected the price of other altcoins, including Kucoin Token (KCS). (Data from Kucoin)<\/p>\n Kucoin Token (KCS) Price Analysis On The Weekly Chart\u00a0 From the chart, the price of KCS had a strong bullish bias at $22, but the price was rejected from that region, leading to a more downward movement for KCS.\u00a0<\/p>\n After seeing two weeks of bearish sentiment, the price of KCS looks set to bounce from its key support from what seems to be an area of interest for bulls.<\/p>\n The price of KCS is faced with resistance at $11 after it rallied from a low of $8.5; KCS needs to break this region of resistance with good buy volume to trend higher to $13.<\/p>\n If the price of KCS fails to hold the support at $8.5, we could see the price going lower to the support area at $6.<\/p>\n Weekly resistance for the price of KCS \u2013 $11-$13.<\/p>\n Monthly support for the price of KCS \u2013 $8-$6.<\/p>\n Price Analysis Of KCS On The Daily (1D) Chart KCS\u2019 weekly daily low was $8.5, which formed good support for the price to bounce off. KCS\u2019 price rallied to $11 but could not flip the resistance as the price was sharply rejected.<\/p>\n KCS\u2019 price is currently trading at $8.8 below the 50 and 200 Exponential Moving Averages (EMA), acting as resistance for the price of KCS to break higher.\u00a0<\/p>\n The 50 and 200 EMA corresponds to prices at $10.3 and $13.3; for KCS to trend higher, it needs to break this region, acting as resistance for KCS prices.<\/p>\n A break and close above 50 EMA would signal a short-term relief bounce while closing above the 200 EMA indicates a downtrend reversal to the upside of the current bearish trend.<\/p>\n If the price of KCS fails to hold the support at $8.5, we could see the price of KCS going to a lower region for price accumulation.<\/p>\n Daily (1D) resistance for KCS price \u2013 $10.3, $13.3.<\/p>\n Daily (1D) support for KCS price \u2013 $8.5.<\/p>\n Price Analysis Of KCS On The Four-Hourly (4H) Chart The price of KCS on the 4H chart has continued to look weak, trying to hold above the support area at $8.5; more buy orders in this region could see the price of KCS going higher.\u00a0<\/p>\n
\nWeekly KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/p>\n
\nDaily KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/p>\n
\nFour-Hourly KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/p>\n
\nWeekly KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/p>\n
\nDaily KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/p>\n
\nFour-Hourly KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/p>\n