Can KIN Crypto Skyrocket Soon and Break Above the Supply Level?

The KIN price has shown an upsurge from the demand zone from $0.000012000 and reached the top at $0.000028200. But fell from resistance and formed support at $0.000019350.

After that, the KIN price sustained the support and started making higher highs and lows in the process.

The KIN asset is showing bullish traits and highlights that it can achieve more growth. It has demonstrated good performance in the past week and three months by 14.06% and 43.63%, respectively, indicating a reliable upward trend.

The KIN Crypto Price and Indicators Study on the Daily Chart

At the time of writing, the KIN is experiencing a surge of 1.95% in the last 24 hours and is currently trading at $0.000022919. Since then, the crypto has displayed a revival structure in the form of higher highs and lows, as the KIN price bounced back from a critical support level of around $0.000019340 on the chart.

Furthermore, the KIN asset shows bullish strength and rising potential as it stays above major dynamic supports of 20-day and 50-day EMA’s on the KIN price chart. In the same way, the MACD highlights bullishness, as it is above the zero line at 0.0000000538, and the RSI shows no signs of overbought conditions yet, as it is at 54.85 above 14-sma, which is at  53.56, suggesting that the KIN asset has more room to grow.

Therefore, if the demand for the KIN price asset increases, it could bounce back from the current level firmly on the daily chart. The next target for the price is to reach $0.000024000 and $0.000026000.

However, if the KIN crypto price fails to stay above the previous swing at the $0.00002000 level, it could decline and reach lower levels.

KIN Crypto Volume Analysis

The volatility chart in KIN crypto demonstrates the possible fluctuations in the price. As observed in the chart, the KIN crypto has shown less development in the volatility chart.

The volatility seems comfortable despite the considerable fluctuation in volume, highlighting the stability in the KIN price at the higher levels.

Moreover, the volume analysis shows that the KIN cryptocurrency has received $321 K in volume, suggesting the continuation of the ongoing trend. 

Summary

The KIN crypto has been exhibiting a bullish trend, with its price rising from a low of $0.000012000 to a peak of $0.000028200. After a slight pullback, it found support at $0.000019350 and has since been making higher highs and lows, indicating an uptrend. The asset’s performance has been positive, with gains of 14.06% over the past week and 43.63% over the past three months.

Currently, KIN price is trading at $0.000022919, up 1.95% in the last 24 hours. It remains above the 20-day and 50-day EMAs, and technical indicators like the MACD and RSI suggest there is potential for further growth. If the bullish momentum continues, the following price targets could be $0.000024000 and $0.000026000.

Conversely, if the KIN price fails to maintain its current support level, it could face a downturn, potentially testing lower levels. The volatility chart indicates stability at higher price levels, and the trading volume of 321K supports the continuation of the current trend. 

Technical Levels

Support Levels: $0.00002000 

Resistance Levels: $0.000024000

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.