KuCoin Token (KCS) is the native token of KuCoin exchange that is used for a variety of purposes.
At the time of writing this article, KCS has a value of $20.71 (0.11% increase today) with a trading volume of $13,471,492, with an increase of about 7% over the past 24 hours.
KCS is listed on coinmarketcap in the 71st place. It has a market dominance of about 0.07%. KCS had created its all-time high around the price of $28.776 in December 2021 and later fell down to the price of $17.816 in the same month. This month has been bearish for the price and we have seen a decrease of about 22.5% in December. November was however very bullish for the price and we saw an increase of about 47.12% in the price.
The maximum supply of KCS is around 170M while the current circulating supply is around 80.1M coins.
Technical Analysis – KuCoin Token (KCS)
On the daily time frame, we can see that the price in the past had created an order block in the past. This was created when the price broke the last structure. This order block has been unmitigated for a long time.
The price of KCS was consolidated for a long time and eventually did a fake-out which resulted in the drop in price. The price had dropped down to mitigate the order block. It can be seen that the price dropped for five-six consecutive days.
The price fell down to mitigate the order block. Now there is two points of interest that should be taken into notice. One is the equilibrium point of the consolidation zone. The second is the lower values of the price. This middle point can drive the price upwards from where we can expect a possible reaction. If the price becomes stable above, we can look for a higher high in the price. If the price fails to hold this level, chances are that we will go down to an even lower value in the price.
Price Prediction – KuCoin Token(KCS)
According to wallet investor, KCS is one of the most successful investments in the market. According to their predictions, KCS is expected to reach a value of $39.80 in a time span of one year. For a five year plan, the price is expected to reach a value of $114.672
