KuCoin Token (KCS) Price Prediction 2022 – Will KCS Hit $20 Soon?
- Bullish KCS price prediction is $9.951 to $17.280.
- The KCS price will also reach $20 soon.
- Bearish KCS price prediction for 2022 is $8.073.
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 KuCoin Token (KCS) is $9.72 with a 24-hour trading volume of $2,633,565 at the time of writing. However, KCS has increased to 0.1% in the last 24 hours.
Moreover, KuCoin Token (KCS) has a circulating supply of 97,771,842 KCS. Currently, KCS trades in cryptocurrency exchanges such as KuCoin, ProBit Global and HitBTC.
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 (KCS) holds the 56th position on CoinGecko right now. KCS price prediction 2022 is explained below with a daily time frame.
The above chart of KuCoin Token (KCS) laid out the symmetrical triangle pattern. This pattern is formed by two converging trendlines. In a symmetric triangle pattern, the upper trendline of the triangle connects the highs. The lower trendline of the triangle connects the lows.
Currently, KuCoin Token (KCS) is in the range of $9.624. If the pattern continues, the price of KCS might reach the resistance level of $9.934, and $10.965. If the trend reverses, then the price of KCS may fall to $8.914 and $7.983.
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 | $9.951 |
| Resistance Level 2 | $12.346 |
| Resistance Level 3 | $14.482 |
| Resistance Level 4 | $17.280 |
| Support Level | $8.073 |
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 $17.280.
Accordingly, if the investors turn against the crypto, the price of the KCS might plummet to almost $8.073, a bearish signal.
KuCoin Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of KuCoin Token (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 weak participants in the current trend.
Moreover, the Moving Average (MA) of KuCoin Token (KCS) is shown in the above chart. Notably, the KCS price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, KCS is in a bearish state. There is a possibility of a reversal trend of KCS at any time.
Meanwhile, the relative strength index (RSI) of the KCS is at a level of 51.98. This means that KCS is in an overbought 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 (KCS). Currently, KCS lies in the range of 19.666, so it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of KuCoin Token (KCS). RVI measures the constant deviation of price changes over a period of time. The RVI of KCS lies below 50, indicating low volatility. In fact, the RSI of KCS is at 51.98, 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.
KuCoin Token (KCS) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, KuCoin Token (KCS) might probably attain $23 by 2023.
KuCoin Token (KCS) Price Prediction 2024
With several upgrades in the network, KuCoin Token (KCS) might enter a bullish trajectory. If the coin grabs the attention of major investors, KCS might rally to hit $26 by 2024.
KuCoin Token (KCS) Price Prediction 2025
If KuCoin Token (KCS) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, KCS will rally to hit $29.
KuCoin Token (KCS) Price Prediction 2026
If KuCoin Token (KCS) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, KCS will rally to hit $32.
KuCoin Token (KCS) Price Prediction 2027
If KuCoin Token (KCS) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, KCS will rally to hit $35.
KuCoin Token (KCS) Price Prediction 2028
If KuCoin Token (KCS) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, KCS will hit $38.
KuCoin Token (KCS) Price Prediction 2029
If investors flock in and continue to place their bets on KuCoin Token (KCS), it would witness major spikes. KCS might hit $41 by 2029.
KuCoin Token (KCS) Price Prediction 2030
With greater advancements in the KuCoin Token ecosystem, the crypto community might continue to invest in KuCoin Token (KCS) for the next 8 years and drive significant price rallies for the token. Hence, KuCoin Token (KCS) might hit $44 by 2030.
Conclusion
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 (KCS) in 2022 is $17.280. On the other hand, the bearish price prediction of KuCoin Token (KCS) for 2022 is $8.073.
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 $20 if the investors believe that KCS is a good investment in 2022.
FAQ
KCS is the native token of KuCoin, which is a profit-sharing token that allows traders to draw value from the exchange.
KuCoin Token (KCS) has been listed on many crypto exchanges which include Binance, KuCoin, ProBit Global and HitBTC.
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 $20 soon.
KuCoin Token (KCS) price is expected to reach $23 by 2023.
KuCoin Token (KCS) price is expected to reach $26 by 2024.
KuCoin Token (KCS) price is expected to reach $29 by 2025.
KuCoin Token (KCS) price is expected to reach $32 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.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
