Kucoin Token (KCS) Price Prediction – Will KCS Price Hit $30 Soon?

This Kucoin Token (KCS) price prediction 2022 article is based on technical analysis. Below, you will see the key confluences why we arrived at our Kucoin Token (KCS) price analysis and prediction.

The cryptocurrency market is growing steadily and gaining momentum with the total market capitalization of all cryptocurrencies tending towards $1.28 trillion according to CoinMarketCap.

In this Kucoin Token (KCS) price analysis and price prediction, we take a look at the performance of KCS and if it will reach $30 by the end of 2022. But before that, let us look at what is Kucoin Token (KCS)?

What is Kucoin Token (KCS)?

KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum Blockchain and was supported by most Ethereum wallets.

KuCoin has also announced that “Empowering KCS” will be a key priority of KuCoin and will build Kucoin Token (KCS) as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also be the underlying fuel and general token for future KuCoin decentralized products. More details will likely be released in the near future.

Current Market Status for Kucoin Token (KCS)

At the time of writing, the price of KCS is $14.36 with a 24-hour trading volume of $10,836,776.45 and a decrease in price by 2.69% in the past 24 hours.

The present circulating supply of Kucoin Token (KCS) is 98,379,861 KCS. Some of the major crypto exchanges for trading KCS are Kucoin, Bitmax, Probit Global, and HitBTC.

Now that we have seen the present status of Kucoin Token (KCS) in the market, let’s look at the price analysis of KCS.

Kucoin Token (KCS) Price Analysis 2022

Kucoin Token (KCS) is in the 42nd position in the market capitalization of cryptocurrencies according to CoinMarketCap. It has decreased by 2.69%% in the past 24 hours. But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this Kucoin Token (KCS) price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for KCS/USDT, we can deduce that the price of Kucoin Token might get bullish in some days since the price is in the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 45.11.  This shows that Kucoin Token (KCS) is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish run if investors reposition themselves either toward the buyers.

From the chart above, the 100-MA is above the 50-MA which means that long-term investors would gain. However, since the gap between the two moving averages is small and both moving averages are above the recently formed candlestick, the next bullish run might be short.

Kucoin Token (KCS) Price Prediction

The chart below shows that Kucoin Token (KCS) has performed great over the past few days. If this trend continues, KCS might run along with the bulls, overtaking its $14.85 resistance1 level and climb higher to $28.27 at the resistance5 level, the bullish signal for 2022.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone Kucoin Token (KCS) from its uptrend position. In simpler terms, the price of KCS might dip to $9.28, a bearish signal.

Meanwhile, our long-term Kucoin Token (KCS) price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $28.80 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

Kucoin Token (KCS) Price Prediction 2022

If this bullish trend continues, Kucoin Token (KCS) will reach $28.27 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $17.13. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $30 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Kucoin Token (KCS) Price Prediction 2023

If Kucoin Token (KCS) holds the support level around 100-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $50, making it not plummet but play consistently.

Kucoin Token (KCS) Price Prediction 2024

As per the latest upgrades, developments, Kucoin Token (KCS) price prediction, and new project forecasts of the platform, KCS investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of KCS in the crypto market, and it will be the best investment as the price can spike and reach around $120.

Kucoin Token (KCS) Price Prediction 2025

In the next four years, Kucoin Token (KCS) prices could race up to $300. However, reaching this level could not be so difficult for KCS as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that KCS has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Kucoin Token (KCS) Price Prediction 2026

In the next five years, Kucoin Token (KCS) prices could race up to $1000. However, reaching this level could not be so difficult for Kucoin Token as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that KCS has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Kucoin token (KCS) has a bright future ahead of it from 2022 to 2026. With ongoing developments happening within the Kucoin Token (KCS) network, as well as in the overall crypto market, we may see KCS reach it soon.

Meanwhile, our long-term Kucoin Token (KCS) price prediction 2022 is bullish. In addition, it has a high possibility of surpassing over $28.27 and may reach above $30 this year. However, that will only happen if it breaks past many psychological resistances.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.