<strong><em>KCS prices give a surprising bullish breakout of the rising wedge pattern displaying an overwhelming demand ready to reach $20.</em></strong>

Key technical points:
<ul>
 	<li>KCS price breaks above the $15 mark and the rising wedge pattern.</li>
 	<li>The Stochastic RSI shows a bearish crossover.</li>
 	<li>The 24-hour trading volume of Kucoin is $12 Million, indicating a rise of 43%.</li>
</ul>
<h2>Past Performance of KCS</h2>
The KCS/USD technical chart shows an overwhelming rise in demand resulting in the rising wedge pattern breakout after surpassing the $15 mark. The bullish rally started after the $13.5 zone breakout accounts for a 25% rise in the last seven days. Moreover, after the bullish breakout, the lower price rejection candles reflect a rise in the underlying bullishness.

<img src="https://s3.tradingview.com/snapshots/q/q6wXRUpu.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/q6wXRUpu/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>KCS Technical Analysis</h2>
The uncontrollable growth in the inflation rate brings the <a href="https://www.cryptoknowmics.com/news/kucoin-token-kcs-price-prediction-2022-will-kcss-price-hit-28-27-in-2022/">KCS</a> market value six cents above $17 and projects a high probability of uptrend continuation.

Furthermore, the uptrend surpasses all the crucial EMAs in the 4-hours chart and influences the bullish crossover of the 50 and 100 EMAs. This points to the golden crossover possibility, which hints at a prolonged uptrend.

As the uptrend enters the overbought territory, the RSI values start to hint at a beamish reversal as the divergence increases reflecting weakness in the underlying business.

The Stochastic indicator shows the K and D lines project a bearish crossover event in the overbought territory. Thus, the indicator indicates an increased chance of a bearish reversal.

In short, KCS prices showcase the EMAs providing dynamic support while the indicators warn of a reversal.
<h2>Upcoming Trend</h2>
As the KCS breakout rally approaches the $20 mark, the reversal chances grow displayed in the technical indicator. However, the $20 breakout will increase the market value by 10% to reach $22.

<strong>Support Levels: $16 and $14</strong>

<strong>Resistance Levels: $20 and $22</strong>

KCS Technical Analysis: Wedge Breakout Changes The Bearish Fate

KCS prices give a surprising bullish breakout of the rising wedge pattern displaying an overwhelming demand ready to reach $20.

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: Wedge Breakout Changes The Bearish Fate

Top Picks