- Bullish KCS price prediction for 2023 is $7.533 to $9.210.
- KuCoin Token (KCS) price might reach $10 soon.
- Bearish KCS price prediction for 2023 is $4.966.
In KuCoin Token (KCS) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about KCS to analyze the future movement of the cryptocurrency.
KuCoin Token (KCS) Current Market Status
| Current Price | $6.29 |
| 24 – Hour Trading Volume | $881,133 |
| 24 – Hour Price Change | 0.45% Down |
| Circulating Supply | 96,794,195 |
| All – Time High | $28.83 (On December 01, 2021 ) |
KCS Current Market Status (Source: CoinMarketCap)
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 2023
KuCoin Token (KCS) ranks 67th on CoinMarketCap in terms of its market capitalization. The overview of the KuCoin Token Price prediction for 2023 is explained below with a daily time frame.
KCS/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, KuCoin Token (KCS) laid out a descending channel pattern. Descending channel pattern also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
At the time of analysis, the price of KuCoin Token (KCS) was recorded at $6.290. If the pattern trend continues, the price of KCS might reach the resistance levels of $7.298 and $9.099. If the trend reverses, then the price of KCS may fall to the support of $5.875 .
KuCoin Token (KCS) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of KuCoin Token (KCS) in 2023.
KCS/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of KuCoin Token (KCS) for 2023.
| Resistance Level 1 | $7.533 |
| Resistance Level 2 | $9.210 |
| Support Level 1 | $5.919 |
| Support Level 2 | $4.966 |
As per the above analysis, if KuCoin’s (KCS) bulls take the lead, it might hit and break through its resistance level of $9.210.
Conversely, if KuCoin’s (KCS) bears dominate the trend, the price of KCS might plunge to $4.966.
KuCoin Token (KCS) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of KuCoin Token (KCS) are shown in the chart below.
KCS/USDT RVOL, MA, RSI (Source: TradingView)
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. The resulting ratio is known as the “relative volume,” which can help traders identify unusual trading activity and changes in market sentiment.
High relative volume readings suggest that there is increased interest in the asset, which may indicate a potential trend reversal or breakout. Conversely, low relative volume readings may indicate a lack of interest or a consolidation period.
At the time of analysis, the RVOL of KuCoin Token (KCS) was below the cutoff line, denoting weak participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above its 50MA, it is considered to be in an uptrend (bullish), if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the KCS price lies below 50 MA (short-term), indicating its downtrend. Hence, it can be concluded that KCS is in a bearish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). This analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value is expressed as a number between 0 and 100, with readings above 70 indicating an overbought state and readings below 30 indicating an oversold state.
Traders often use the RSI to crucially identify potential trend reversals or to confirm the direction of a trend. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI reaches an oversold reading of 30, it may suggest that the asset could potentially reverse direction.
Markedly, during analysis, the RSI of KCS is at 40.04. Therefore, this indicates KCS is neither an overbought nor oversold state.
KuCoin Token (KCS) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of KuCoin Token (KCS) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
KCS/USDT ADX, RVI (Source: TradingView)
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of KCS lies in the range of 19.90, pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This is used to measure the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of KCS lies above 50, indicating high volatility.
Comparison of KCS with BTC, ETH
Let us now compare the price movements of KuCoin Token (KCS) with Bitcoin (BTC) and Ethereum (ETH).
KCS Vs ETH Vs KCS Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of KCS is in a similar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases, the price of KCS also increases or decreases respectively.
KuCoin Token (KCS) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, Let us predict the price of KuCoin Token (KCS) between 2024 and 2030.
KuCoin Token Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then KuCoin Token (KCS) might successfully test and surpass its resistance levels to hit $15 by 2024.
KuCoin Token Price Prediction 2025
The significant upgrades in the KuCoin Token ecosystem might persuade the entry of an increased number of investors. This may eventually boost the KuCoin Token (KCS) price to reach $20 by 2025.
KuCoin Token Price Prediction 2026
If KuCoin Token (KCS) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $25.
KuCoin Token Price Prediction 2027
KuCoin Token (KCS) might sustain major resistance levels and continue to be recognized as a good investment option. If it stands so in the market, KCS would rally to hit $30
KuCoin Token Price Prediction 2028
If KuCoin Token (KCS) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, KCS would hit $35 by 2028.
KuCoin Token Price Prediction 2029
If investors flock in and continue to place their bets on KuCoin Token (KCS), then the crypto would witness major spikes. Hence, KCS might hit $40 by 2029.
KuCoin Token Price Prediction 2030
If the trend momentum aligns in favor of KuCoin, then the KCS price is expected to rally to $45 by 2030. Furthermore, KCS would hold a positive market sentiment and be recognized as a long-term investment with highly profitable ROI.
Conclusion
If KuCoin Token (KCS) establishes itself as a profitable investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish KuCoin Token (KCS) price prediction for 2023 is $9.210. Relatively, the bearish KuCoin Token (KCS) price prediction for 2023 is $5.919..
If there is a positive elevation in the market momentum and investors’ sentiment, KuCoin Token (KCS) might hit $10. With future upgrades and advancements in the KuCoin Token ecosystem, KCS might surpass its current all-time high (ATH) of $28.89 and mark its new ATH.
FAQ
1. 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..
2. Where can you purchase KuCoin Token (KCS)?
KuCoin Token (KCS) has been listed on many crypto exchanges which include KuCoin, ProBit Global and HitBTC.
3. Will KuCoin Token (KCS) reach a new ATH soon?
With the ongoing developments and upgrades within the KuCoin Token platform, KCS has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of KuCoin Token (KCS)?
On December 01, 2021, KuCoin Token (KCS) reached its new all-time high (ATH) of $28.80.
5. What is the lowest price of KuCoin Token (KCS)?
According to CoinMarketCap, KCS hit its all-time low (ATL) of $0.3365 on January 31, 2019.
6. Will KuCoin Token (KCS) reach $10?
If the bullish trend continues and if KuCoin Token (KCS) retests its resistance levels, it will hit $10 soon.
7. What will be KuCoin Token (KCS) price by 2024?
KuCoin Token (KCS) price is expected to reach $15 by 2024.
8. What will be KuCoin Token (KCS) price by 2025?
KuCoin Token (KCS) price is expected to reach $20 by 2025.
9. What will be KuCoin Token (KCS) price by 2026?
KuCoin Token (KCS) price is expected to reach $25 by 2026.
10. What will be KuCoin Token (KCS) price by 2027?
KuCoin Token (KCS) price is expected to reach $30 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
