Is It a Sign of an Impending Bull Run?

The KuCoin crypto price is hovering back and forth near the 50-day EMA and a round level of $10 in order to stabilize at the current level. It trades in bullish territory and might resume further price development towards the north if it breaks above the higher consolidation range near $11.22.

Moreover, the consolidation has been almost two months by the time of writing. The higher and lower consolidation ranges are $11.22 as a supply zone and $9.5 as a demand zone. The short-term trend outlook shows that the crypto is currently under a time-wise consolidation. 

The KuCoin crypto may maintain its correction phase until it hovers in the range. The breakout or breakdown may indicate the termination of a correction phase initiation of a fresh move on either side. 

If the KCS crypto witnesses a breakout on the upper side, it may indicate the end of a correction phase and the resumption of the prevailing long-term bullish trend. However, the buyers need to conquer the recent hurdle of $11.22 level. 

However, if the price breaks on the lower side, it may extend the correction phase for a longer duration and turn bearish in the short term. The breakdown below the 50-day EMA and recent support of $10 may unlock downside potential till the 200-day EMA at the $8 level. 

KCS Crypto Technical Analysis

From a technical perspective, the KCS crypto hovers near the 50-day and 20-day EMAs, indicating a correction prevailing and a sideways to bullish outlook in the short term. Also, KCS cryptocurrency price trades fare above the 200-day EMA, suggesting a bullish outlook in the short term. 

At the time of writing, the MACD lines made a bullish crossover of the signal line, indicating a positive sentiment in the crypto. 

KuCoin Token Price Prediction for February 2024

The crypto trades in neutral to bullish territory and might experience breakouts in the coming sessions if it rises with volume. The most recent hurdle for the buyers is the $11.2 level, the breakout of which may unlock price potential till the $12 and $13 levels as a target for February Month. 

On the other hand, the bearish view of our analysts hopes for a breakdown below the 50-day EMA, after which the crypto may drop to a low of $9 and $8 level. 

KuCoin Crypto Price Prediction for 2024

The bullish view of our analysts expects the KuCoin Token to achieve $17.2 as the highest price by the year’s end. It indicates an upside potential of 67.30% on the higher side. On the contrary, analysts’ less positive view hopes the crypto price will attain the $13.89 level. 

KuCoin Token Price Prediction for 2025

Per our analysts’ most positive view, the price may hit the $26 mark, suggesting an upside potential of 149.34% by 2025. The pessimistic view is that the price could reach $18.92 by the end of the financial year 2025.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.