Hello.
Do you know KCS? Otherwise I'll introduce you here.
Fundamentalist analysis
KCS is the native currency of Kucoin, one of the largest exchanges in the world.
It is used as a utility token (to lower rates), and also in the same broker's KCC blockchain in the DeFi ecosystem.
In other words, it is to Kucoin what BNB is to Binance.
On the DefiLama website,...
As you can see in the 1h analysis ETH/KCS did not manage to break out of the falling channel. This is due to short time since alts recovered strength again since today. Either alts continue recovering and so will ETH/KCS or Btc is going down again and ETH/KCS as well.