- Bullish KCS price prediction is $19.968 to $27.393.
- The KCS price will also reach $30 soon.
- KCS bearish market price prediction for 2022 is $5.469.
In KuCoin Token’s (KCS) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about KCS to analyze the future movement of the cryptocurrency.
KuCoin Token Current Market Status
According to CoinGecko, the price of KCS is $15.44 with a 24-hour trading volume of $24,975,453 at the time of writing. However, KCS has decreased nearly 5.4% in the last 24 hours.
Moreover, KCS has a circulating supply of 76,429,661 KCS. Currently, KCS trades in cryptocurrency exchanges such as KuCoin, ProBit Global, and AscendEX (Bitmax).
What is KuCoin Token (KCS)?
KCS is the native token of KuCoin, which is a profit-sharing token that allows traders to draw value from the exchange. It was established as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. KuCoin has also announced that Empowering KCS will be a priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. It employs the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users.
KuCoin Token (KCS) Price Prediction 2022
KuCoin Token holds the 83rd position on CoinGecko right now. KCS price prediction 2022 is explained below with a daily time frame.
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversal. It is a bullish chart pattern defined by a trend line supporting the series of higher lows and a diagonal resistance level connecting the higher highs. An ascending channel is the exact opposite of the descending channel. A break out above the upper trendline generates a strong buy signal, while a break down below the lower trendline generates a strong sell signal.
Currently, KCS is in the range of $15.44. If the pattern continues, the price of KCS might reach the resistance level of $13.519 and $26.961. If the trend reverses, then the price of KCS may fall to $4.888.
KuCoin Token (KCS) Support and Resistance Level
The below chart shows the support and resistance level of KCS.
From the above daily time frame, it is clear the following are the resistance and support levels of KCS.
|Resistance Level 1||$19.968|
|Resistance Level 2||$23.768|
|Resistance Level 3||$27.393|
|Support Level 1||$14.597|
|Support Level 2||$8.876|
|Support Level 3||$5.469|
The charts show that KCS has performed a bullish trend over the past month. If this trend continues, KCS might run along with the bulls overtaking its resistance level at $27.393.
Accordingly, if the investors turn against the crypto, the price of the KCS might plummet to almost $5.469, a bearish signal.
KuCoin Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of KCS is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of KCS lies below the cutoff line, indicating weaker participants in the current trend.
More so, the KCS’s Moving Average (MA) shown in the chart above. Currently, KCS is in a bearish state. Notably, the KCS price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of KCS at any time.
Meanwhile, the relative strength index (RSI) of the KCS is at level 32.22. This means that KCS in a nearly oversold state. However, this means a major price reversal of KCS may occur in the upcoming days. So, traders need to trade carefully.
KuCoin Token Price Prediction 2022 — ADX, RVI
Let us now look at KuCoin Token’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of KuCoin Token. Currently, KCS lies in the range of 39.090, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of KCS. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of KCS lies below the 50 levels, indicating that the direction of volatility is low. In fact, KCS’s RSI is at 32.22 level thus confirming a potential sell signal.
Comparison of KCS with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and KuCoin Token.
From the above chart, we can identify the trend of the ETH, BTC, and KCS is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and KCS also increases or decreases respectively.
With continuous improvements in the KuCoin Token network, we can say that 2022 is a good year for KCS. For this reason, the bullish price prediction of KuCoin Token in 2022 is $27.393. On the other hand, the bearish KCS price prediction for 2022 is $5.469.
Furthermore, with the advancements and upgrades on the KCS ecosystem, the performance of KCS would help to reach above its current all-time high (ATH) $28.83 very soon. But, it might also reach $30 if the investors believe that KCS is a good investment in 2022.
KCS is the native token of KuCoin, which is a profit-sharing token that allows traders to draw value from the exchange.
KCS has been listed on many crypto exchanges which include KuCoin, ProBit Global, and AscendEX (Bitmax).
With the ongoing developments and upgrades within the KCS platform, it has a high possibility of reaching its ATH soon.
On Dec 01, 2021, KCS reached its new all-time high (ATH) of $28.83.
KuCoin Token (KCS) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of KCS in the past few months, KCS is considered a good investment in 2022.
KuCoin Token (KCS) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then KuCoin Token (KCS) will hit $30 soon.
KuCoin Token (KCS) price is expected to reach $40 by 2023.
KuCoin Token (KCS) price is expected to reach $45 by 2024.
KuCoin Token (KCS) price is expected to reach $53 by 2025.
KuCoin Token (KCS) price is expected to reach $60 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.