KuCoin Price Prediction November 2021: Will KCS Reach $50 in November?

KCS  Technical Analysis – November 2021

Monthly Analysis

Over the last 30 days, the price of KCS has increased by 119%. The price has reached a new all-time high at around $27.27. This increase now puts KuCoin in price discovery, and the price may continue to increase in the coming days as the trend is upward.

Monthly analysis of KuCoin (KCS)
KCS/USDT 4-Hour Chart.

Weekly Analysis

In the last 7 days, the price of KCS has increased by around 43%. This indicates that the trend is bullish for KCS and that the price may continue to grow. It is currently facing resistance at the new all-time high of $27.27.

Daily Analysis

In the intraday chart, the price of KCS has increased by 20%, indicating that the shorter-term trend is quite bullish. Since the uptrend continues despite recent resistance, we may expect the price of KCS to hit a new all-time high.

Key Structures

Support

  • $22.60

Resistance

  • $27.27

Indicators

Moving Average

The 20-moving average is currently below the price, indicating that the trend is upward and that the price of KCS can keep increasing in the coming days.

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The 9-EMA is also below the price, indicating that the price of KCS is bullish. The EMA line may act as support in the coming days if the price attempts to retrace.

Relative Strength Index

The RSI of a 4-hour chart is at 70. Further increase in the price can lead to price retracing as KCS becomes overbought. Hence, we can expect the price of KCS to retrace slightly.

MACD

The MACD line of a 4-hour chart is above the signal line, indicating that the momentum is bullish for KuCoin and that the price could keep increasing in the coming days.

Fear & Greed 

The fear and greed indicator of a 4-hour chart suggests that the current emotion of KCS traders is greed, due to the recent all-time high of the price.

The fear and greed indicator for KuCoin (KCS)
Fear & Greed for KCS/USDT in a 4-Hour Chart.

Fibonacci

The Fibonacci retracement levels suggest that the price of KCS may soon retrace. Strong support could be present at the 61.8% Fibonacci level as it also aligns with the previous resistance structure. 

Fibonacci retracement levels for KuCoin (KCS)
Fibonacci Levels for KCS/USDT in a 4-Hour Chart.

Price Prediction KCS  – November 2021

Based on this technical analysis on KuCoin (KCS), we could see the price retrace at around $24. After that, the price may surge upward and retest all-time high. The price could reach a new all-time high soon at $28. In the longer run, as BTC maintains its momentum and the trading volume intensifies throughout this bull cycle, we could see KCS reach $50.

Latest News for KCS  – Affecting Price

KuCoin has recently launched its virtual office in the Bloktopia Metaverse. With the Metaverse trending now, the demand for KCS may increase in the coming weeks. Hence, a price of $50 is attainable.

Also read: KuCoin (KCS) Price Prediction 2021 and Beyond – Will KCS Reach $100 in 2021?

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