KCS Price Analysis: Reclaiming the $10 Mark, Targeting $16.31 Short-Term and $81.99 Long-Term

KCS price has surged 36% in six weeks, reclaiming the $10 mark. The bullish rally is supported by a golden EMA crossover and positive MACD.

As the bull market begins, several cryptocurrencies are registering a bullish comeback. Among them, KuCoin, the 10th biggest cryptocurrency centralized exchange by trading volumes, according to CoinMarketCap, is back in the game.

With a trading volume of more than $1 billion, KuCoin is registering a strong bullish comeback in its native token, KCS price.

KCS price in the past week has seen a nearly 14.28% increase. The bullish recovery surpasses the $10 psychological mark and teases a new 52-week high. Find out more in our KuCoin token price analysis.

Kucoin’s KCS Token Price Analysis: 52-Week High Incoming?

In the weekly chart, a bullish comeback from a local support trend line and the 38.20% Fibonacci level price at $7.44 is observed. The recovery run from this Fibonacci level accounts for a 36% surge in the last six weeks.

The recovery rally has surpassed the 50% Fibonacci level at $9.36 and the 50-day EMA. Currently, it is challenging the 200-week EMA as it maintains dominance above the $10 psychological mark.

As it heads higher, a change of character is highlighted with the 50% Fibonacci level breakout and a rounding bottom reversal. The KCS price is heading higher to challenge the 61.80% Fibonacci level at $11.77.

The breakout of this level is likely to reach the $16.31 mark for a new 52-week high before the end of December 2024.

Technical indicators:

MACD: Supporting the bullish trend, the weekly MACD indicator shows a positive crossover with a resurgence of bullish histograms. The last positive crossover in MACD occurred in October 2023, leading to the early 2024 bull run.

SMA: The 50-week and 200-week SMAs are teasing a golden crossover as they inch closer.

Will KCS Price Reach $15?

Based on the Fibonacci retracement tool, the bullish comeback will likely hit the $24.71 mark for a new 52-week high. The price targets beyond the current all-time high of $29.28 are at $1.272 and $1.618 Fibonacci levels, respectively, at $41.89 and $81.99.

Curious if the CEX tokens will explode in 2025? Find out now in Coinpedia’s BNB coin price prediction.

FAQs

The KCS price is in a bullish trend, aiming to break the $16.31 resistance for a new 52-week high.

Key levels include $11.77 (61.80% Fibonacci), $16.31 (52-week high), and $24.71 as the next target.

A bullish market recovery, Fibonacci level breakouts, and technical indicators like MACD and EMA are fueling the rally.

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