• KuCoin Token (KCS) is a profit-sharing token that allows traders to draw value from the exchange.
• Currently, KuCoin Token (KCS) is at $8.74 and may reach the resistance level of $9.091 if the pattern continues.
• The support and resistance levels of KuCoin Token (KCS) are currently at $8.77 and $8.494 respectively.
What is KCS?
KuCoin Token (KCS) 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) holds the 60th position on CoinGecko right now with its current price being at $8.47 with 24 hour trading volume of $1,867,244 and 24 hour price change being 3.5% down in market status according to CoinGecko.. In terms of prediction for 2023, bullish predictions show KCS price reaching up to $14.513 while bearish predictions suggest it could go down till 6$.
Descending Channel Pattern
The chart above shows how KSC follows a descending channel pattern which means it’s in a bearish market state currently with its current price being 8$74 but if it continues this pattern then it might reach resistance level of 9$091 or else fall back to 8$494 if trend reverses suddenly .
Support & Resistance Levels
The daily time frame chart suggests us about Support & Resistance levels for KSC which are currently situated at 8$77 & 8$494 respectively .
Conclusion – Predictions For 2023
In conclusion , Kucoin Token’s(KSC )price prediction for 2023 can range between 6$257 – 14$513 depending upon various factors such as patterns , RSI , RVOL etc . But overall it looks like this cryptocurrency has potential to hit 25$ mark soon enough .