{"id":7562,"date":"2022-08-29T12:21:37","date_gmt":"2022-08-29T12:21:37","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/29\/kucoin-token-struggles-to-hold-key-support-at-8-how-low-can-it-go\/"},"modified":"2022-08-29T12:21:38","modified_gmt":"2022-08-29T12:21:38","slug":"kucoin-token-struggles-to-hold-key-support-at-8-how-low-can-it-go","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/29\/kucoin-token-struggles-to-hold-key-support-at-8-how-low-can-it-go\/","title":{"rendered":"Kucoin Token Struggles To Hold Key Support At $8, How Low Can It Go?"},"content":{"rendered":"

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The worth of Kucoin Token (KCS) has struggled to carry its key help towards Tether (USDT) in latest instances after exhibiting an incredible restoration bounce because it cracks double-digit positive factors. <\/span>Bitcoin (BTC) being rejected from a excessive of $25,200 to a area of $20,000 up to now few days has negatively affected the worth of different altcoins, together with Kucoin Token (KCS). (Data from Kucoin)<\/span><\/p>\n

Kucoin Token (KCS) Price Analysis On The Weekly Chart\u00a0<\/span><\/h2>\n
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Weekly KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/figcaption><\/figure>\n

From the chart, the worth of KCS had a robust bullish bias at $22, however the worth was rejected from that area, resulting in a extra downward motion for KCS.\u00a0<\/span><\/p>\n

After seeing two weeks of bearish sentiment, the worth of KCS seems set to bounce from its key help from what appears to be an space of curiosity for bulls.<\/span><\/p>\n

The worth of KCS is confronted with resistance at $11 after it rallied from a low of $8.5; KCS wants to interrupt this area of resistance with good purchase quantity to development larger to $13.<\/span><\/p>\n

If the worth of KCS fails to carry the help at $8.5, we may see the worth going decrease to the help space at $6.<\/span><\/p>\n

Weekly resistance for the worth of KCS \u2013 $11-$13.<\/span><\/p>\n

Weekly help for the worth of KCS \u2013 $8-$6.<\/span><\/p>\n

Price Analysis Of KCS On The Daily (1D) Chart<\/span><\/h2>\n
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Daily KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/figcaption><\/figure>\n

KCS\u2019 weekly day by day low was $8.5, which fashioned good help for the worth to bounce off. KCS\u2019 worth rallied to $11 however couldn’t flip the resistance as the worth was sharply rejected.<\/span><\/p>\n

KCS\u2019 worth is presently buying and selling at $8.8 under the 50 and 200 Exponential Moving Averages (EMA), performing as resistance for the worth of KCS to interrupt larger.\u00a0<\/span><\/p>\n

The 50 and 200 EMA corresponds to costs at $10.3 and $13.3; for KCS to development larger, it wants to interrupt this area, performing as resistance for KCS costs.<\/span><\/p>\n

A break and shut above 50 EMA would sign a short-term reduction bounce whereas closing above the 200 EMA signifies a downtrend reversal to the upside of the present bearish development.<\/span><\/p>\n

If the worth of KCS fails to carry the help at $8.5, we may see the worth of KCS going to a decrease area for worth accumulation.<\/span><\/p>\n

Daily (1D) resistance for KCS worth \u2013 $10.3, $13.3.<\/span><\/p>\n

Daily (1D) help for KCS worth \u2013 $8.5.<\/span><\/p>\n

Price Analysis Of KCS On The Four-Hourly (4H) Chart<\/span><\/h2>\n
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Four-Hourly KCS Price Chart | Source: KCSUSDT On Tradingview.com<\/a><\/figcaption><\/figure>\n

The worth of KCS on the 4H chart has continued to look weak, making an attempt to carry above the help space at $8.5; extra purchase orders on this area may see the worth of KCS going larger.\u00a0<\/span><\/p>\n

KCS has fashioned a bullish divergence<\/a> on the 4H chart as the worth is oversold; we may see a bounce from this area for KCS worth, as $9 may act as minor help. If this area is flipped, we’d see the worth going to a excessive of $10.3<\/span><\/p>\n

The Relative Strength Index (RSI) for KCS on the 4H chart is under 30, indicating that KCS has been oversold.<\/span><\/p>\n

Four-Hourly (4H) resistance for KCS worth \u2013 $9-$10.3.<\/span><\/p>\n

Four-Hourly (4H) help for KCS worth \u2013 $8.5.<\/span><\/p>\n

Featured Image From Coingape, Charts From TradingView.com\u00a0<\/span><\/pre>\n<\/div>\n
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[ad_1] The worth of Kucoin Token (KCS) has struggled to carry its key help towards Tether (USDT) in latest instances after exhibiting an incredible restoration bounce because it cracks double-digit positive factors. Bitcoin (BTC) being rejected from a excessive of $25,200 to a area of $20,000 up to now few days has negatively affected the 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