Token

Resistance

Daily

Gains

<ul class="list-ic vertical">
 <li><span>1</span> <a>The KCS token signifies a neutral trend and has witnessed a trend reversal.</a></li>
 <li><span>2</span> <a>Technical indicators are suggesting a rebound ahead.</a></li>
</ul>
<p>The KCS token price delivered a roller coaster move and reverted gains toward the origin near the $10 mark close to the 200-day EMA mark. Amidst a significant buying momentum and a jump of over 45% in gains last month, the sellers have succeeded in their mission, and bulls looked trapped at highs. On the charts, a fake breakout and a sharp rejection near the $15 mark came into the limelight, which led buyers to be trapped, and a sharp decline of over 38% in the past two weeks was witnessed.</p>
<p>At press time, the KuCoin token (KCS) price was trading at $10.37 with an intraday drop of 0.37%, reflecting neutrality on the charts. It has a monthly return ratio of -21.82% and 24.55% on a yearly basis. The pair of KCS/BTC is at 0.000153 BTC, and the market cap is $784.04 Million. Analysts are neutral and suggest that the KCS price may retain gains and will retest the upside mark of $15 soon.</p>
<h2 class="wp-block-heading" id="strong-kcs-token-price-analysis-over-daily-timeframe-strong"><strong>KCS Token Price Analysis Over Daily Timeframe&nbsp;</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (KCS), Volume (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kucoin-shares&amp;pt=KCS&amp;df=2023-10-06T18%3A29%3A59.597Z&amp;dt=2024-04-06T18%3A29%3A59.597Z&amp;sat=shchcfg_Hh3CtAHdOPys&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<p>The KuCoin token <a href="https://www.thecoinrepublic.com/2024/04/03/tectonic-crypto-price-is-in-demand-zone-can-it-skyrocket-soon/" target="_blank" rel="noopener noreferrer nofollow">price</a> has witnessed a trend reversal and has slipped below the 100-day EMA mark, signifying underperformance this month. Additionally, the sellers have gained momentum and are willing to continue the retracement move toward the 200-day EMA. The intraday trading volume dropped over 18.11% to $1.60 million, signifying low investor interest.</p>
<h2 class="wp-block-heading" id="strong-price-volatility-data-and-sentiment-replicates-negative-outlook-strong"><strong>Price Volatility Data and Sentiment Replicates Negative Outlook</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (KCS), Weighted sentiment (Total) (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kucoin-shares&amp;pt=KCS&amp;df=2023-10-06T18%3A29%3A59.597Z&amp;dt=2024-04-06T18%3A29%3A59.597Z&amp;sat=shchcfg_Hh3CtAHdOPys&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>Following the price decline, the price volatility data witnessed a significant drop of over 42%, dragging to the 0.07 mark. Similarly, the weighted sentiment value remained in the negative region, at around -0.35.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-twitter-followers-overview-strong"><strong>Social Dominance and Twitter Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (KCS), Twitter Followers 7d (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kucoin-shares&amp;pt=KCS&amp;df=2023-10-06T18%3A29%3A59.597Z&amp;dt=2024-04-06T18%3A29%3A59.597Z&amp;sat=shchcfg_Hh3CtAHdOPys&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d&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>Per the Santiment data, the social dominance data noted a severe decline of over 350% and dragged to 0.011%, implying a negative outlook. Similarly, the Twitter followers also eroded over 540% and dropped to 1900 this week.</p>
<h4 class="wp-block-heading"><strong>What Does Active Addresses and Amount Of Holders Indicate?</strong></h4> <iframe loading="lazy" title="Santiment Chart: Active Addresses 7d (KCS), Total Amount Of Holders (KCS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kucoin-shares&amp;pt=KCS&amp;df=2023-10-06T18%3A29%3A59.597Z&amp;dt=2024-04-06T18%3A29%3A59.597Z&amp;sat=shchcfg_Hh3CtAHdOPys&amp;emcg=1&amp;emhwm=1&amp;wm=active_addresses_7d%3Bholders_distribution_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D%3B" scrolling="no"></iframe>
<p>Per the data, the active addresses remained average, the same as last month’s value, at around 412. In contrast, the number of holders depicts a consistent up move, reaching the 70.1k mark, which signifies a positive interest among investors.</p>
<p>Per the Fib levels, the KCS token price has slipped below the 38.2% zone and is trading near the lower Bollinger band support zone of $10. The RSI curve stayed in the oversold region and reflected a negative crossover on the charts.&nbsp;</p>
<p>The total supply of the KCS token is 165.64 million, whereas the volume-to-market cap ratio is 0.00203, and it stands at 123 per the market cap in the global crypto market.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The KuCoin token price has regressed to the primary support zone of $10 and is glimpsing a selloff on the charts. Despite the severe reversal, the technicals are still favoring a rebound, and a significant pullback from the 200-day EMA will be seen shortly.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $9.80 and $9</p>
<p><strong>Resistance Levels:</strong> $10.60 and $11.20</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>

KCS Revert Gains Toward 200 Day EMA; Is Major Correction Ahead?

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Thecoinrepublic.com

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