The KuCoin token course was able to test the GoldenPocket of the last crash a few days ago. Now that this GoldenPocket has been tested, the correction to the upside may be complete. Since the correction is now over, the KuCoin token price could drop again and continue the crash or downward movement. The short term target is at $9.50 and $10 respectively. There is horizontal support and the psychological level of $10. From this point, we expect the price to rise again for the time being. It could also be that the price will form a trend line, creating a descending triangle.
Since the KuCoin token price has reached the GoldenPocket, we expect the downtrend to continue. With the help of the downtrend, the price could drop to around $10. However, this will likely not be the 2022 low. We expect the KuCoin token price to recover around $10 before breaking the support. After that, we expect a drop to the next support, below $10. This is located at around $6.64. A price loss, as of now, of around 55% is therefore conceivable and also realistic.
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