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The post <a href="https://coinpedia.org/price-analysis/kcs-price-jumps-90-in-8-weeks-to-tease-10-break-eyes-15/">KCS Price Jumps 90% In 8 Weeks To Tease $10 Break, Eyes $15!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With Centralized exchanges back in the game, the CEX tokens resurface with a phoenix-like rebirth. KCS price trend shows a similar revival amidst the market recovery as Bitcoin crosses the $41K mark.&nbsp; 
Ending the streak of lower high formation in the weekly chart, the Kucoin token is ready to gain bullish momentum and surface above $10. Moreover, with the ongoing recovery rally showing zero displays of weakness in the weekly trend, the token price may shortly give another breakout entry opportunity.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="479" src="https://image.coinpedia.org/wp-content/uploads/2023/12/05123937/KCSUSD_2023-12-05_12-05-50-1024x479.png" alt="" class="wp-image-251239" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/05123937/KCSUSD_2023-12-05_12-05-50-1024x479.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/05123937/KCSUSD_2023-12-05_12-05-50-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/05123937/KCSUSD_2023-12-05_12-05-50-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/05123937/KCSUSD_2023-12-05_12-05-50-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/05123937/KCSUSD_2023-12-05_12-05-50-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/05123937/KCSUSD_2023-12-05_12-05-50.png 1813w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/JOEu6AYr/">Tradingview</a> 
Crossing the 200W EMA, the KCS price maintains the uptrend and gives a resistance trendline breakout in the weekly chart. Further, the breakout rally approaches the overhead supply zone at $10, teasing a breakout possibility.&nbsp; 
However, if Kucoin fails to exceed $10, the price trend might retest the broken trendline, leading to a new bullish pattern. Considering a post-retest reversal occurs, Kucoin might display an inverted head and shoulder pattern in the weekly chart.&nbsp; 
However, the ongoing recovery rally shows enough momentum to break past the $10 barrier and signal a new entry point. The $10 breakout rally might face the next resistance at the 50% Fibonacci level at $12.71.&nbsp; 
Technical indicators: 
EMA: Despite the recent death cross in the weekly chart, the bullish reversal leads to a turnaround in the 50W EMA. This increases the possibility of the 200 and 50-week EMAs regaining the positive alignment.&nbsp; 
RSI indicator: The daily RSI line approaches the overbought zone and supports the continuation of the bullish trend.&nbsp; 
<h2 class="wp-block-heading" id="h-will-kcs-price-reach-15">Will KCS Price Reach $15?</h2> 
Despite a minimal YTD growth of 32%, the KCS price trend shows huge bull run potential in the weekly chart and is ready for a new break. With a high possibility of the $10 breakout, the sellers will struggle to halt the unleashed momentum at $12.71, which increases the possibility of a run to $15. However, the altcoin may not be able to reach $15 before the end of 2023, making it a target for January 2023.&nbsp; 
On the flipside, a reversal from $10 can retest the broken trendline close to $7.20.

KCS Price Jumps 90% In 8 Weeks To Tease $10 Break, Eyes $15!

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