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KuCoin token price plummeted 16% in the last 24 hours to trade at $10.92 At 7:55 a.m. EST, trading volume increased 90% to $1.3 million.
The KCS coin is listed among the top losers on CoinMarketCap today. Its weekly price has risen 15%.
KuCoin Token Price: Bulls Remain Resistant to Bullish Momentum
However, the resistance level appears strong, allowing the bears to take control and cause prices to drop.
The trading price has also broken above the 50-day and 200-day simple moving averages (SMA), which indicate a golden cross at $5.8, establishing short-term support and confirming the bullish momentum of KuCOin price.
The Relative Strength Index (RSI) remains broadly bullish and is trading at 65 above the neutral level of 50. If the bulls maintain the momentum, the RSI could return to the overbought level of 70.
KuCoin Token Price: Bulls Aim for High of $18 by June 2022
Bullish investors remain optimistic and could target the June 2022 high of $18 by the end of 2023. However, if the current correction holds, bears could apply downward pressure, possibly triggering a pullback towards the support level at $8.43, aligning with the $50 level. AME.
Because of that risk, investors may want to consider the BTCETF token, which has gained significant momentum and offers a compelling alternative to the KCS coin.
BTCETF token pre-sale enters final stage: buy fast
The BTCETF token has successfully raised $4.15 million in funding as it heads towards the $5 million cap in its final pre-sale stage.
The final stage of #BitcoinETF has started! pic.twitter.com/VvRpsaRKA8
– BTCETF_Token (@BTCETF_Token) December 14, 2023
BTCETF, an ERC-20 token, rewards holders based on the success of bitcoin spot ETFs. The tokens are currently available at a discount rate of $0.0068, but it is anticipated that this price will increase substantially once BTCETF is listed on major exchanges.
#SECOND establishes a new “cash reimbursement model” for bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Place #ETF applicants, which affects approval criteria.@InvescoEMEA initially adopts it while @BlackRock introduces “Prepaid” to facilitate participation in Wall Street.
How could these models reshape the accessibility of ETFs?#BitcoinETF has… pic.twitter.com/NN4nnfEJ2M
– BTCETF_Token (@BTCETF_Token) December 14, 2023
Get BTCETF and get 65% high APY
When you purchase the BTCETF token, the platform allows you to hold BTCETF tokens, which presents an opportunity to interact with the gamble featureensuring an impressive annual percentage yield (APY) of 65%.
This attractive staking feature has caught the attention of numerous investors seeking passive income, especially as they anticipate a potential rise in the token's value following the approval of bitcoin spot ETFs.
Cilinix crypto, a YouTuber and cryptocurrency analyst, provides insight into the token's potential and emphasizes that widespread anticipation of bitcoin ETF spot approvals is generating substantial excitement and is likely to drive the token's price higher.
To participate in the pre-sale, you can visit the official site of the bitcoin ETF to buy BTCETF tokens. Connect your Web3 wallet and exchange your eth and USDT for BTCETF tokens, or use your bank card to purchase the tokens directly.
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