The KUB price has shown an upward trend and is waiting to see a bounce. Buyers are closely watching the $3 mark in hopes of continuing the bullish momentum.

The latest price action for the Bitkub coin indicates a positive trend, with the coin maintaining gains above the 20-day EMA consistently. Despite market fluctuations, the coin has only experienced an 18% retracement this month and has managed to hold on to its gains. The recent price movement suggests that the coin has retested the support zone around $2.60 and is primed for a rebound.

As of the current trading session, the Bitkub coin (KUB) is priced at $2.68, with a slight intraday decrease of 0.66%. The monthly return ratio is 8.90%, with a yearly return of 66.10%. Analysts remain neutral but anticipate that the KUB price will maintain its bullish trajectory and surpass the $3 mark soon.

KUB Price Analysis based on Daily Volume Profile

Analyzing the daily charts, the KUB coin continues to trade in an upward direction, supported by the 20-day EMA. Technical indicators suggest that the coin is likely to extend its gains and surpass the $3 mark in the near future.

According to Fibonacci retracement levels, the KUB price has stayed above the 38.2% zone and approaches the 50% zone. Additionally, the coin has remained above the mid bollinger band, indicating further upside potential.

The RSI curve hovers around the midline, showing a convergence of the signal line with the RSI line, hinting at possible volatile moves ahead. Despite this, the MACD indicator remains neutral and foresees a rebound in upcoming sessions.

With a total supply of 110 million coins, the Bitkub coin has a volume to market cap ratio of 0.00338, placing it at 2289 in terms of market cap in the global cryptocurrency market. The coin's all-time high is $11.90, with a fully diluted market cap of $295.46 million.

Summary

The Bitkub coin (KUB) price holds near the 20-day EMA level, anticipating a rebound to maintain the $3 mark. The overall trend remains positive, suggesting that the coin will sustain its bullish momentum moving forward. However, a drop below $2 may lead to a correction towards the $1.60 level.

Technical Levels

Support Levels: $2.50 and $2.0

Resistance Levels: $3.0 and $3.20

Disclaimer

The views and opinions expressed in this article are for informational purposes only and do not constitute investment or financial advice. Trading or investing in cryptocurrency involves inherent risks of financial loss.