KuCoin (KCS) reached its highest price for 2025 after the token established an uptrend during the early days of August. KCS’s daily chart looks bullish, while the weekly chart is somewhat bearish.
KuCoin exchange’s token KCS crossed above $15 and reached its highest price for 2025. The token initiated the uptrend during the first week of August, when its prices were close to $10. However, as the days progressed, the bull actively kept pushing the prices higher, making higher lows and higher highs, which eventually led to a rally.
At press time, KSC has gained more than 4% during the past week as it rests near the support level close to $15.75. The 24-hour trading volume has fallen by almost 24% to $3.62 million.
KCS bullish on the daily chart
On the daily chart, KCS formed a bull flag as shown below and thereafter appreciated by the height of the flagpole (purple arrow). KuCoin is yet again forming a bull flag, and the prices may reciprocate its recent action and KCS could gain value and reach as high as the length of the flagpole. Given that the above-mentioned happens, the next resistance level to watch will be $17.5.
Weekly chart paints a bearish picture
Unlike the bullish daily chart, the weekly chart paints a bearish picture. However, the bears will only take over the market once the rising wedge pattern is completed. KCS is trading inside a bearish rising wedge, making higher highs and higher lows.
When the rising wedge pattern appears on the chart, it shows that the buyers are pushing the prices higher, but their strength diminishes as the range of motion narrows. So the bottom line is that Kucoin token will hit the target of $17.5 on its daily charts as it progresses inside the rising wedge on the weekly chart.
