KIN Nearing Symmetrical Triangle Breakout, Bulls Aim for EMA Lift

Is KIN on the Cusp of a Symmetrical Triangle Breakout?

The Kin token (KIN) has been carving out a symmetrical triangle pattern on the charts, indicating a period of consolidation. The bulls have been attempting to pull back and have decisively held onto their gains. The token is currently trading near the trendline support zone of $0.000002000 and has taken a pause near it.

Can the Bulls Lift KIN Above the 20-Day EMA?

The trend for KIN remains neutral, but the bulls are expected to soon lift the token above the 20-day exponential moving average (EMA) to gain buying momentum. The token has been in an uptrend for weeks and has retested the supply zone of $0.00003000. The price action suggests that buyers are accumulating, and the token is respecting the upward trendline.

KIN Price-to-Volume Profile Reflects Neutrality

The price-to-volume profile for KIN indicates a neutral trend, with the token staying above the midline but showing indecisive moves. The trading volume has declined, however, dragging over 10.72% to $271k. Despite the uptrend, the token has experienced higher high swings and is expected to resume its upward trajectory.

Is KIN Price Volatility on the Rise?

Price volatility for KIN has declined significantly this week, indicating neutrality. The value currently stands near 0.014. However, sentiment has turned positive, with the value rising above the midline to 0.287, suggesting that investors are becoming more optimistic about the token.

KIN Social Dominance and Active Social Users Outlook

Social dominance data for KIN has fluctuated sharply, reaching 0.033%. This indicates average discussions and activity on media platforms. Active social users have declined to 1056, suggesting a drop in investor interest.

KIN Development and Whales Activity Analysis

Development activity for KIN has remained within a range, averaging around 0.048. The percentage of stablecoins held by whales has increased to 53.139%.

KIN Total Supply and Volume-to-Market Cap Ratio

The total supply of KIN tokens is 2.94 trillion, while the volume-to-market cap ratio is 0.00458.

Summary

The KIN token has held its gains near the trendline support and is preparing for a pullback. The trend remains intact, and the token is expected to continue its outperformance in the coming sessions.

Technical Levels

• Support Levels: $0.00002000 and $0.00001900
• Resistance Levels: $0.00002100 and $0.00002200

Disclaimer

The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice.