KCS’ price shows strength as the price remains green despite the market’s uncertainty. KCS bounces from the downtrend as the price breaks out of a descending triangle with strong buy volume. The price of KCS shows bullish signs as the price trades above 50 Exponential Moving Averages (EMA) with good volume. Kucoin Token (KCS) price movement has recently shown some great price action as the price gained momentum to bounce from a downtrend against tether (USDT). Although the crypto market is currently facing a new setback, Bitcoin’s (BTC) price has dropped from $19,000 to $18,100 as the Consumer Price Index (CPI) indicates an increase in inflation, which affects the price of BTC and altcoins. The price is back up at $19,200 does not suggest bulls have recovered the market. (Data from Kucoin) Related Reading: Brian Armstrong Will Sell 2% Of His Coinbase Holdings To Fund Scientific Research Kucoin Token (KCS) Price Analysis On The Weekly Chart Given the sharp decline in the crypto market after the release of the CPI news, the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours and then back up to a range high of $19,800 before rejection back to $19,200. With the possibility of Bitcoin Dominance (BTC.D) rising to a high of 45%, altcoins could suffer more if BTC retraces. After dropping to a low of $8.5 in recent weeks, this time has proved rather tough for KCS buyers con...
