នៅថ្ងៃទី៤ ខែឧសភា គ Kucoin (KCS) price bounced back from the new lower low of $9.34 with a morning star candle. Moreover, the KuCoin exchange report of almost 6 million new users in Q1 of 2022 and the ongoing recovery sentim21ent bolstered the bullish pullback to the $15 mark. However, multiple technical resistances concentrated at this level reflect the continuation of the prevailing trend.
ចំណុចសំខាន់:
- The KCS price faces multiple resistance at $15.
- KuCoin users surged by 491% YOY during Q1 2022.
- The intraday trading volume of the KuCoin token is $12.3 million, indicating a 53.5% hike.
ប្រភព -ជួញដូរ
The Kucoin (KCS) price wobbled in a consolidation phase during the last three months, stretching from $21.3 to the $17.1 mark. The coin traders trapped in this range witnessed excessive buying or selling getting absorbed at extreme levels.
However, the early May bloodbath in the crypto market bolstered the sellers to break the bottom support ($17.1). The release of trapped selling momentum and forced liquidation of buyers caused a strong sell-off that sent the altcoin below the $15 support level from January’s bottom.
As a result, the KCS price reached a new lower low of $9.34, reflecting a 45% loss. Furthermore, the recent recovery sentiment in the market has surged the price 58% higher to $15. However, multiple resistance levels aligned at this level, such as 0.5 Fibonacci retracements and the 20-day EMA, suggest significant supply pressure ahead.
Furthermore, the bullish reversal under descending volume activity suggests a high possibility of price reversal. Therefore, if the sellers succeed, the KCS price will plunge and revisit the $11 mark.
Alternatively, a possible bullish breakout from $15 may kickstart a recovery rally.
សូចនករបច្ចេកទេស
The 100-day and 200-day អ៊ីអេមអេស មាន nearing a bearish crossover, which indicates a significant sell signal for KCS traders. Moreover, the 20-day EMA located at $15 resistance will assist the sellers in reverting the recovery rally.
Despite a significant bullish reversal in price action, the ADX slope displayed a minor correction, indicating the bearish momentum remains intact.
- កំរិតតស៊ូ- $15 និង $17.7
- កំរិតគាំទ្រ– $13.5, $11
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/markets/kucoin-price-analysis-low-volume-rally-hints-pullback-opportunity-in-kcs/