KuCoin Token Dropped -23.25% in Last Month and is Predicted to Reach $6.77 By Sep 18, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• KuCoin Token is up 3.25% today against the US Dollar
• KCS/ETH increased by 2.16% today
• KuCoin Token is currently trading 37.08% below our prediction on Sep 18, 2023
• KuCoin Token dropped -23.25% in the last month and is down -54.00% since 1 year ago

KCS price is expected to rise by 59.50% in the next 5 days according to our KuCoin Token price prediction

is trading at $ 4.26 after gaining 3.25% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.30% in the same time period. KCS performed well against BTC today and recorded a 1.66% gain against the world’s largest cryptocurrency.

According to our KuCoin Token price prediction, KCS is expected to reach a price of $ 6.77 by Sep 18, 2023. This would represent a 59.50% price increase for KCS in the next 5 days.

KCS Price Prediction Chart

Buy/Sell KuCoin Token

What has been going on with KuCoin Token in the last 30 days

KuCoin Token has been displaying a negative trend recently, as the coin lost -23.25% in the last 30-days. The medium-term trend for KuCoin Token has been bearish, with KCS dropping by -37.27% in the last 3 months. The long-term picture for KuCoin Token has been negative, as KCS is currently displaying a -54.00% 1-year price change. On this day last year, KCS was trading at $ 9.26.

KuCoin Token reached its all-time high price on Dec 01, 2021, when the price of KCS peaked at $ 28.79. The current KCS cycle high is $ 4.27, while the cycle low is at $ 3.56. KCS has been displaying high volatility recently – the 1-month volatility of the coin is at 10.86. KuCoin Token recorded 12 green days in the last 30 days.

KuCoin Token technical analysis for today – Sep 14, 2023

The sentiment in the KuCoin Token markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 4.16, $ 4.07 and $ 4.02, while $ 4.31, $ 4.36 and $ 4.45 are the key resistance levels.

Bearish sentiment for KuCoin Token

14 indicators are currently signaling a bullish prediction for KuCoin Token, while 16 indicators are showing a bearish forecast. With 53% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for KuCoin Token.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 45 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

KuCoin Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how KuCoin Token is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for KuCoin Token is at 33.32, suggesting that KCS is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of KuCoin Token over the last 50 days. Currently, KuCoin Token is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the KCS closing price for the last 200 days. KCS is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this KuCoin Token prediction

After considering the above factors, we can conclude that the current forecast for KuCoin Token price prediction is Bearish. KCS would have to increase by 59.50% to hit our $ 6.77 target within the next five days. Moving forward, it will be important to monitor the KCS market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term KuCoin Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.