KCS leads market growth, but short -term owners can threaten a rally

Token Kucoin has become the best performer in the cryptocurrency market, with 3% surge in the last 24 hours. This increase in prices caused significant profit for the segment of its short -term owners (STS).

Nevertheless, the very nature of these investors, who usually seek to benefit from the quick movement of prices, poses a potential threat to the stability of the recent benefits of KCS. This analysis describes in detail why.

Short -term holders are at risk

Over the past 24 hours, KCS noted an increase of 376% in its amount of trading, which increased its price by 3% during this period. Due to this increase, many KCS STH currently make a profit, which is reflected in the testimony from its long/short MVRV difference. At the time of writing, this is at a 30 -day minimum -7.98%.

The long difference in the MVRV asset measures the relative profitability between its long -term and short -term owners. When the cost of the metric is positive, this suggests that its long -term owners are more profitable, which indicates the points of view and potential for further prices.

KCS MVRV Long/Brief difference. Source: Santiment

On the other hand, as in the case of KCS, a negative difference suggests that short -term holders (STH) are more profitable, signal the bear mood and potential for falling prices. These investors, who usually own assets for shorter periods, are more likely to sell their tokens during short -term prices for profit.

Moreover, despite the increase in KCS prices, the DAA divergence indicator (daily active addresses) has only stitched the sale signals today.

KCS price DAA Divergence. Source: Santiment

This suggests that although the price rises, network activity does not support the rally, hinting at the main weakness. If this trend remains when speculative traders make a profit, a change in KCS price is inevitable.

KCS price forecast: Bear divergence indicates a potential change

The assessment of the KCS/USD one -day diagram shows the potential formation of bear divergence between the price of Altcoin and its CHAIKIN (CMF) cash flow. During the press, this indicator is in a descending trend of 0.01 and is ready to fall below the zero line.

The CMF asset measures money to the market and beyond. When it decreases during such a rally price, bear divergence is formed. This divergence signals that the sale of the sale increases, potentially undermines the stability upwards.

If KCS ‘CMF extends below zero, confirming the strengthening of the sale, its price will cancel its current trend and fall to $ 10.15.

KCS prices. Source: TradingView

However, if the purchase of pressure increases, this bear prospects will be invalid. In this scenario, the price of KCS can violate the resistance at the level of 11.42 US dollars and rise to $ 13.82.

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