Key Takeaways
KuCoin token is making new highs in 2025 with its move past the $14.l level. Analysis showed that the next resistances at $15.08 and $15.96 would soon be overcome as well.
KuCoin Token [KCS] has made substantial gains in recent weeks.
While Bitcoin [BTC] and most altcoins struggled to defend key support levels, the exchange token rallied 41%. KuCoin token was trading at $10.4 on the 3rd of August, and had climbed to $14.7 at the time of writing.
KuCoin Token maintained a strong uptrend on both the weekly and 1-day timeframes.
The Fibonacci retracement levels plotted based on the rally that ended in March 2024 were valid earlier this year as support levels.
Naturally, the extension levels at $18.9 and $22.18 stood out as the next long-term targets. The first step, though, would be flipping nearby resistance to support.
KCS to challenge and overcome the $15.08 resistance next
On the weekly chart, the weekly close at $15.08 from March 2024 was a vital level for KCS bulls to reclaim. Similarly, the $7.47 level has been a solid support since 2024.
The market structure on the weekly chart was bullish after the move past $11.44 in May.
On top of that, KuCoin Token carved a higher low just above $10 in August, from which the latest rally toward $15 was launched.
Short-term charts echo the strength
On the 1-day timeframe, the market structure was bullish as well. Moreover, the bearish order block at $14 (cyan box) has already been breached and could serve as a demand zone on a retest.
The KuCoin Token might not be overextended yet. The MACD showed strong bullish momentum, but no sign of a bearish divergence.
Meanwhile, volume indicators reinforced buyer control.
For instance, OBV was trending strongly higher. In fact, the CMF poked its head above +0.05, showing sizeable capital flow into the market.
Having said that, continued buying pressure would likely propel the token beyond the $15.08 weekly resistance and toward highs unseen since 2022.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
