KCS coin price fails to surpass the $21 mark resulting in a retracement to the 200-day EMA. Will bears blast through the EMA again?

Key technical points:
<ul>
 	<li style="font-weight: 400">KCS coin price retraces to the 200-day EMA close to $17.</li>
 	<li style="font-weight: 400">The Stochastic RSI hints at the end of the bear cycle.</li>
 	<li style="font-weight: 400">The 24-hour trading volume in the KuCoin is $4.94 Million, indicating a negligible rise of 1.90%. </li>
</ul>
<h2>Past Performance of KCS</h2>
KCS price continues the sideways movement between $17.75 and $21 with the recent downfall of 15% last week. The consolidation range makes the 50 and 100-day EMAs move sideways, which may give a bearish crossover as the downtrend gains momentum. However, the price rests at the support confluence of the 200-day EMA and $17.75. 

<img src="https://s3.tradingview.com/snapshots/r/rmb0OcKM.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/rmb0OcKM/">Tradingview</a>
<h2>KCS Technical Analysis </h2>
KCS prices will face a downfall of almost 15% with the 200-day EMA fallout that will reach the $15 mark. Moreover, the overnight fall of 2.85% creates a bearish engulfing candle that increases the chances of a downfall.

With the increasing selling pressure, the 50 and 100-day will shortly result in a bearish crossover. Moreover, the altcoin crossing below the trend defining 200-day EMA will mark a selling point.

RSI Indicator: The RSI slope continues a sideways movement and tests the support of 40%. Despite multiple support at $17.75, no significant divergence indicates a bullish jump. 

Stochastic RSI Indicator: The K and D lines enter the oversold zone and show a reversal that may shortly result in a bullish crossover. Hence, the indicator projects the possibility of a reversal from $17.75. 

In short, KCS technical analysis warns about the double-edged nature of KuCoin at current prices. 
<h2>Upcoming Trend</h2>
KCS coin price will depend upon the 200-day EMA and $17.75 for the upcoming trend. As the selling pressure increases, the trend shows a bearish bias and may shortly reach $15 with the 200-day EMA fallout. 

However, a bullish reversal from the trend-setting EMA will invalidate the bearish thesis, and a price jump to $21 is possible.

Support Levels: $17.75 and $15

Resistance Levels: $21 and $25

KCS Technical Analysis: Buyers Struggling To Withhold 200-day EMA

KCS coin price fails to surpass the $21 mark resulting in a retracement to the 200-day EMA. Will bears blast through the EMA again?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

KCS Technical Analysis: Buyers Struggling To Withhold 200-day EMA

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