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- KCS surged 41% while Bitcoin and altcoins struggled.
- Key resistance lies at $15.08; breakout could target $18.9–$22.18.
- Indicators show strong momentum and capital inflows fueling the rally.
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KuCoin Token (KCS) has outpaced the broader crypto market in recent weeks, delivering a 41% rally while Bitcoin (BTC) and most altcoins struggled to hold key support levels. The exchange token surged from $10.4 on August 3 to $14.7 at press time, putting it within striking distance of a critical resistance level.
Weekly Chart Shows Bullish Structure
The weekly chart highlights a bullish market structure for KCS. The token broke above $11.44 in May, cementing an uptrend. A higher low formed just above $10 in August provided the springboard for the latest push toward $15.
Crucially, the $15.08 weekly close from March 2024 stands as a pivotal resistance level. A successful flip of this level into support would confirm buyer dominance and open the path toward the Fibonacci extension levels of $18.9 and $22.18. At the same time, long-term support remains firm at $7.47, a level that has consistently held since 2024.
Daily Chart Confirms Momentum
On the daily timeframe, KCS continues to show resilience. The bearish order block near $14 has already been breached, transforming into a potential demand zone on retests. Indicators suggest buyers remain firmly in control: the MACD reflects strong bullish momentum with no signs of divergence, while the OBV trend underscores steady accumulation.
Additionally, the Chaikin Money Flow (CMF) rising above +0.05 signals substantial capital inflows, adding further weight to bullish sentiment.
What’s Next for KuCoin Token?
With momentum indicators supporting the rally, KuCoin Token is well-positioned to challenge and potentially overcome the $15.08 resistance. Should buyers sustain their pressure, KCS could soon test highs not seen since 2022, with the $18.9 and $22.18 extension levels serving as long-term targets.
While Bitcoin and other major altcoins face downward pressure, KuCoin Token has emerged as one of the strongest performers in the market. A breakout above $15.08 would mark a key milestone, signaling the possibility of an extended rally in the weeks ahead.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
