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The KuCoin token price plunged 16% in the last 24 hours to trade at $10.92 as of 7:55 a.m. EST as trading volume jumped 90% to $1.3 million.
The KCS coin is listed among the top losers on CoinMarketCap today. Its weekly price is up 15%.
The KuCoin Token Price: Bulls Remain Resilient on Bullish Momentum
The KuCoin price has experienced a significant increase recently, breaking out of its previous stable phase. This upward movement began when buyers strongly supported the price at the $4.45 level, leading to a rise that reached the resistance level of $14.17.
However, the resistance level seems strong, allowing the bears to gain control and causing a price decline.
The trading price has also breached the 50-day and 200-day simple moving averages (SMAs), which indicate a golden cross at $5.8, establishing short-term support and confirming the bullish momentum for the KuCOin price.
The Relative Strength Index (RSI) remains generally bullish, trading at 65 above the 50 neutral level. If the bulls sustain the momentum, it could push the RSI back to the overbought level of 70.
The KuCoin Token Price: Bulls Target June 2022 High of $18
Bullish investors remain optimistic, potentially targeting the June 2022 high of $18 by the end of 2023. However, if the current correction sustains, bears may be able to apply downward pressure, possibly triggering a retracement towards the $8.43 support level, aligning with the 50 SMA.
Because of that risk, investors may want to consider the BTCETF token, which has gained significant momentum and offers a compelling alternative to the KCS coin.
BTCETF Token Presale Enters Its Final Stage: Buy Fast
The BTCETF Token has successfully raised $4.15 million in funding as it heads to the $5 million cap in its final stage of the presale.
The Final Stage of #BitcoinETF has commenced! 🚀 pic.twitter.com/VvRpsaRKA8
— BTCETF_Token (@BTCETF_Token) December 14, 2023
BTCETF, an ERC-20 token, rewards holders based on the success of spot Bitcoin ETFs. The tokens are currently available at a discounted rate of $0.0068, but this price is anticipated to increase substantially once BTCETF is listed on major exchanges.
https://Twitter.com/BTCETF_Token/status/1735341990160540109?s=20
Get BTCETF, Earn High APY of 65%
When you buy the BTCETF token, the platform allows you to hold BTCETF tokens, presenting an opportunity to engage with the platform’s staking feature, securing an impressive annual percentage yield (APY) of 65%.
This attractive staking feature has drawn the attention of numerous investors seeking passive income, especially as they anticipate a potential increase in the token’s value upon the approval of spot Bitcoin ETFs.
Cilinix Crypto, a YouTuber and cryptocurrency analyst, provides insights into the token’s potential, emphasizing that the widespread anticipation of spot Bitcoin ETF approvals generates substantial enthusiasm and is likely to boosts the token’s price.
To participate in the presale, you can visit the Bitcoin ETF official site to buy BTCETF tokens. Connect your Web3 wallet and swap your ETH and USDT for BTCETF tokens, or use your bank card to buy the tokens directly.
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