Momentum

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The KIN token price forms a symmetrical triangle pattern on the charts.</a></li>
 <li><span>2</span> <a>Bulls are attempting a pullback and are decisively holding gains.</a></li>
</ul>
<p>The Kin token (KIN) price showcased higher high swings and is close to the trendline support zone of $0.000002000 and has taken a pause near it. Moreover, the trend is neutral, and the bulls will soon lift the token above the 20-day EMA to attain buying momentum. The KIN price was in an uptrend for weeks and has retested the supply zone of $0.00003000. The price action shows the buyer accumulation, and the token is respecting the upward trendline and is awaiting a pullback soon.</p>
<p>At press time, the <a href="https://www.thecoinrepublic.com/2024/03/07/what-is-energos-tsl-token-learn-about-its-working-use-cases/" target="_blank" rel="noopener noreferrer nofollow">Kin token</a> (KIN) price was trading at $0.00002028 with an intraday drop of 2.70%, reflecting neutrality on the charts. It has a monthly return ratio of 16.70% and 170.89% on a yearly basis. The pair of KIN/BTC is at 0.000000000313 BTC, and the market cap is $59.54 Million. Analysts are neutral and suggest the KIN token may continue to extend the gains and will surpass the $0.00003000 mark soon.</p>
<h2 class="wp-block-heading" id="strong-kin-price-to-volume-profile-reflects-neutrality-strong"><strong>KIN Price-to-Volume Profile Reflects Neutrality&nbsp;</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (KIN), Volume (KIN)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kin&amp;pt=KIN&amp;df=2023-09-23T18%3A29%3A59.274Z&amp;dt=2024-03-23T18%3A29%3A59.274Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22node%22%3A%22line%22%2C%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The price-to-volume profile signifies a neutral trend, and the token stayed above the midline, showing indecisive moves. However, the trading volume revealed a decline and dragged over 10.72% to $271k. Amidst the uptrend, the higher high swings were noted, and the token will resume to skyrocket in gains.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-sentiment-analysis-strong"><strong>Price Volatility and Sentiment Analysis</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (KIN), Weighted sentiment (Total) (KIN)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kin&amp;pt=KIN&amp;df=2023-09-23T18%3A29%3A59.274Z&amp;dt=2024-03-23T18%3A29%3A59.274Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Amidst the nominal price movements this week, the price volatility noted a severe decline and signified neutrality; the value stands near 0.014. However, the sentiment has reverted from the negative zone and has spiked above the midline, reaching the 0.287 mark, noted a positive investor approach for the token.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-active-social-users-outlook-strong"><strong>Social Dominance and Active Social Users Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (KIN), Twitter Followers 7d (KIN), Active social users (Telegram) (KIN)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kin&amp;pt=KIN&amp;df=2023-09-23T18%3A29%3A59.274Z&amp;dt=2024-03-23T18%3A29%3A59.274Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d%3Bsocial_active_users_telegram&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The social dominance data noted a sharp fluctuation, reaching 0.033%, signifying the average discussions and activity on media platforms. However, active social users noted a down move, which dragged to 1056, indicating a drop in investor interest.</p>
<h4 class="wp-block-heading"><strong>Development and Whales Activity Analysis</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (KIN), Percent of Stablecoin Total Supply held by Whales with more than 5 million USD" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kin&amp;pt=KIN&amp;df=2023-09-23T18%3A29%3A59.274Z&amp;dt=2024-03-23T18%3A29%3A59.274Z&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Bpercent_of_whale_stablecoin_total_supply&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B" scrolling="no"></iframe>
<p>The development activity data remained in a range and remained average around the mark of 0.048. Moreover, the percent of stablecoins total supply held by the whales noted an incremental move and surged to 53.139.</p>
<p>The total supply of the KIN token is 2.94 trillion, whereas the volume-to-market cap ratio is 0.00458.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Kin token price has decisively held the gains near the trendline support and is readying for a pullback. Additionally, the trend is intact, and the token will continue to outperform in the following sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.00002000&nbsp; and $0.00001900</p>
<p><strong>Resistance Levels:</strong> $0.00002100 and $0.00002200</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

KIN Price Prediction: Can KIN Pick Momentum Above $0.00002000?

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Thecoinrepublic.com

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