Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The Kucoin (KCS) token price has taken support on the demand zone of $9.</a></li>
 <li><span>2</span> <a>KCS witnessed an intraday surge of over 3.27%.</a></li>
</ul>
<p>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.</p>
<p>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.</p>
<h2 class="wp-block-heading" id="strong-kcs-price-volume-profile-analysis-on-daily-chart-strong"><strong>KCS Price Volume Profile Analysis On Daily Chart</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (KCS), Volume (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kucoin-shares&amp;pt=KCS&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_NuaE9g2dh7kE&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%227d%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (KCS), Weighted sentiment (Total) (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kucoin-shares&amp;pt=KCS&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_NuaE9g2dh7kE&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-x-followers-overview-strong"><strong>Social Dominance and X Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (KCS), Twitter Followers 7d (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kucoin-shares&amp;pt=KCS&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_NuaE9g2dh7kE&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-what-does-active-addresses-and-holders-data-indicate-strong"><strong>What Does Active Addresses and Holders Data Indicate?</strong></h3> <iframe loading="lazy" title="Santiment Chart: Total Amount Of Holders (KCS), Active Addresses 24h (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kucoin-shares&amp;pt=KCS&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_NuaE9g2dh7kE&amp;emcg=1&amp;emhwm=1&amp;wm=holders_distribution_total%3Bactive_addresses_24h&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>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.</p>
<p>Per the Fib levels, the KuCoin <a href="https://www.thecoinrepublic.com/2024/04/19/wow-crypto-price-forecast-is-wow-token-price-ready-to-take-reversal/" target="_blank" rel="noopener noreferrer nofollow">price</a> 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.&nbsp;</p>
<p>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.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>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.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $8.60 and $8</p>
<p><strong>Resistance Levels:</strong> $9.70 and $10.30</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>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.&nbsp;</p>

KCS Initiated Rebound, Can Bulls Cross The $10 Hurdle?

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Thecoinrepublic.com

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