Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Active address analysis indicates an increase in users and transactions, suggesting a potential rise in demand and value for the token.&nbsp;</a></li>
 <li><span>2</span> <a>The CMP is at $12.16 with an intraday increase of 7.39%, the price structure is facing resistance from dynamic resistance of 20-day and 50-day EMAs.&nbsp;</a></li>
</ul>
<p>The KuCoin chart displays the contradiction between the volatility with the price movement. On evaluation, it shows that the KuCoin crypto has witnessed wonderful growth in earlier sessions up to mid-March 2024. But a recent chart shows that it failed to jump supply and declined, volatility has not declined much yet.</p>
<p>Moreover, the KuCoin asset suggests that there are strong sellers, the buyers are trying to improve their ground but not succeeding, and the sellers might drag the <a href="https://www.thecoinrepublic.com/2024/03/28/can-kaspa-price-kas-transcend-soon-or-keep-deteriorating/" target="_blank" rel="noopener noreferrer nofollow">price</a> downwards.</p>
<p>A closer look at the chart shows that both asset volume and price declined mid-March onwards. That meant a lack of interest and activity in the market for the KuCoin crypto. Volume declined from around 9.5 million to 1.7 million and price dropped from almost $0.07 to $0.02.</p>
<p>However, in the last week of March, volume showed a large spike in volume, indicating buyers are trying to defend the level in KuCoin price. The recent trading volume exceeded $9 Million, despite that, the price is only showing a slight momentum.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1w (KCS), Price (KCS), Volume (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=myro&amp;pt=MYRO&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_sAP36XgFsox2&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1w%3Bkucoin-shares%3BKCS%5D%3B%5B1%3Bprice_usd%3Bkucoin-shares%3BKCS%5D%3B%5B1%3Bvolume_usd%3Bkucoin-shares%3BKCS%5D&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%3B%3B" scrolling="no"></iframe>
<p>Additionally, active addresses refer to unique addresses of KuCoin token users that participate in one or more transactions within a given timeframe. The number of distinct addresses in the KuCoin that participated in a transfer for the given asset in the past 24-hour window is 126 transactions, and the 7-day window is 364 transactions.&nbsp;</p>
<p>This illustrates that people who were using and trading the Kucoin crypto was decreasing earlier, but the recent spike shows that more people are using and trading the token, which implies higher demand and value for the token as the active addresses of the KuCoin token are increasing over time.</p> <iframe loading="lazy" title="Santiment Chart: Active Addresses 7d (KCS), Active Addresses 24h (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=myro&amp;pt=MYRO&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_sAP36XgFsox2&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bactive_addresses_7d%3Bkucoin-shares%3BKCS%5D%3B%5B1%3Bactive_addresses_24h%3Bkucoin-shares%3BKCS%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22node%22%3A%22line%22%7D%3B%7B%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-is-kucoin-price-headed-downwards-strong"><strong>Is KuCoin Price Headed Downwards?</strong></h2>
<p>The KuCoin token was on a spectacular upward journey earlier, as its price rose massively from $4.0 to $16.0. However, the price faced a short-term decline and sought support at the $11.0 price mark.</p>
<p>The current price is at $12.16 with an intraday increase of 7.39%, the price structure is facing resistance from dynamic resistance of 20-day and 50-day EMAs. Moreover, the RSI has taken rejection from the smoothened line, which is at 43.21, and MACD is showing a bold bearish cross, with histogram growing downwards.</p>
<p>Therefore, if the price fails to decline and breaks the support of $10.0, it could fall sharply. However, if the price rises, then the target could be $16.0, and 18.0.</p> 
<p><a href="https://in.tradingview.com/chart/KCSUSD/JCHf0qFF-The-KuCoin-token-was-on-a-spectacular-upward-journey/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The KuCoin crypto has experienced significant fluctuations recently. Despite strong growth earlier, with prices reaching up to $16.0, there has been instability and a decline in both price and volume since mid-March 2024. The price dropped from $0.07 to $0.02, and volumes decreased from 9.5 million to 1.7 million. However, a recent spike in volume highlights renewed interest, with trading volume exceeding $9 Million, although the price has only shown slight momentum.</p>
<p>Moreover, Active address analysis indicates an increase in users and transactions, suggesting a potential rise in demand and value for the token. Currently, the price is at $12.16, facing resistance from the 20-day and 50-day EMAs, with the RSI at 43.21 and a bearish MACD cross. If the price breaks the support of $10.0, it could fall sharply, but if it rises, the targets could be $16.0 and $18.0.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $10.0</p>
<p><strong>Resistance Levels</strong>: $16.0</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Will KuCoin Crypto Continue To Surge Or Fall Under Bear Pressure?

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