KCS/USD - KuCoin returns to $10. At Critical Support! 😱

KCS had a nice rally in late May, but this quickly reversed in June with the price now back on the key support at $10.

The whole market crashed and ETH fell under its old all-time high. If Bitcoin crashes under $20k, then most altcoins will likely make lower lows.

What does this mean for KCS?

Probably a price under $10.

Bulls have to do their best to keep the price above this key level as otherwise the next support is found at $9 which would put KCS into single digits.

The indicators on higher timeframes remain bearish, while the shorter timeframes like 4-hours are bullish. This suggests a short relief will be followed by more pain.

A break below the support at $10 will settle any doubts. Bias is bearish for now.

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