The KIN token price has revisited the 100 day EMA support level during a retracement, indicating possible upward movement. Technical indicators are showing signs of a potential rebound ahead.

The price of the KIN token has been moving within a range and is currently close to the 100 day EMA support level. Despite low trading volume, the price action suggests a retest of the upward trendline support around $0.00002000, indicating a likely rebound.

As of the latest update, the Kin token (KIN) price is at $0.00002018, experiencing an intraday decline of 8.24%. The monthly return rate is 1.89% and the yearly rate stands at 24.90%. The KIN/BTC pair is at 0.000000000301 BTC, with a market cap of $59.13 million. Analysts predict a potential retracement and expect the price to retest the 200 day EMA level.

KIN Price to Volume Profile On Daily Chart

The price to volume profile of the Kin token indicates a neutral outlook, with the price hovering near the $0.00002000 trendline support level. Despite this, trading volume has decreased by 45.24% to $316,756, reflecting low investor interest.

Price Volatility & Weighted Sentiment Analysis

The data shows that price volatility is below the midline, suggesting a low volume selloff that bulls may absorb, leading to a rebound. The weighted sentiment is positive, with a value close to 0.385.

Social Dominance and Social Volume AI Outlook

After a price retracement, social dominance has decreased by 87% to 0.004%, while social volume (AI) has dropped to 2, indicating a decrease in volume.

Whales Activity and RSI Highlights

According to Santiment data, whales now hold 56.923% of the stablecoin total supply. The RSI remains near the midline, showing a negative trend on the charts.

The KIN price has retested the 23.6% Fib level and is near the lower Bollinger support zone. However, the MACD indicator indicates a bearish crossover with red bars on the histogram, signaling a selloff.

The total supply of the Kin token is 2.94 trillion, with a volume-to-market cap ratio of 0.00534. It ranks 855th in the global crypto market by market cap.

Summary

The Kin token price revisited the 100 day EMA support level and demonstrated retracement movements recently. Further losses are expected, with a potential retest of the 200 day EMA support near $0.00001700.

Technical Levels

Support Levels: $0.00001900 and $0.00001800

Resistance Levels: $0.00002120 and $0.00002250

Disclaimer

The information provided in this article is for informational purposes only and does not constitute financial, investment, or other advice from the author.