- KuCoin Token (KCS) is showing resilience amid market volatility, staying in the green while Ethereum dropped 6% and other major altcoins declined.
- KCS is forming a Bearish Butterfly harmonic pattern on the weekly chart, which typically features a strong bullish advance before testing the Potential Reversal Zone.
- The token remains above its crucial 50-week moving average support at $10.99, currently trading near $13.78 with strengthening momentum.
- If bullish momentum continues, KCS could reach the PRZ between $18.58-$21.92, representing potential upside of nearly 59% from current prices.
Date: Fri, Aug 29, 2025 | 03:06 PM GMT
The cryptocurrency market is again facing strong volatility as Ethereum (ETH) slipped under $4,300 from its 24-hour high of $4,573, marking a 6% daily drop and weighing on several major altcoins.
Amid this turbulence, KuCoin Token (KCS) is showing resilience, holding in the green today. More importantly, its weekly chart is flashing a harmonic setup that suggests the potential for a significant bullish continuation in the weeks ahead.
Harmonic Pattern Hints at Potential Upside
On the weekly timeframe, KCS is forming a Bearish Butterfly harmonic pattern. While the name implies bearishness, this structure typically features a strong bullish CD-leg advance before prices test the Potential Reversal Zone (PRZ).
The move began from Point X near $15.96, dropped to Point A, rebounded toward Point B, and later retraced down to Point C around $7.19. From that level, KCS has mounted a steady recovery, now trading near $13.78 as momentum continues to strengthen.
Notably, the token remains above its 50-week moving average at $10.99, a crucial support level that may act as a launchpad for the next upside phase.
What’s Next for KCS?
If bullish momentum holds, KCS could extend its advance toward the PRZ between $18.58 (1.272 Fibonacci extension) and $21.92 (1.618 extension). Reaching this zone would complete the harmonic projection and mark an upside potential of nearly 59% from current prices.
However, traders should also remain cautious — intraday retracements toward the lower edge of the CD leg cannot be ignored, especially if momentum weakens before reaching the PRZ.
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