KIN price analysis: KIN above support of $0.000072, to move lower?

TL;DR Breakdown KIN price analysis is bearish for today, down by 9%.The nearest support is at $0.000072, and resistance is at $0.000081.Most of the altcoins fell by huge percentages today. The crypto land today saw a massive decline in the price of Bitcoin owing to China’s continued crypto crackdown. This led to a decline in the price of Bitcoin as well as most of the altcoins. KIN price analysis is bearish for today as the cryptocurrency dipped by over 9% today. According to the data presented by Coinmarketcap, the 24-hour trading volume has surged by over 25.25%. The trading volume amounts to $3,716,005.13, which gives a hint that higher prices are possible for KIN/USD in the short term. The market cap for the coin has dropped by 4.32% due to the bearish trend in the past 24-hours. The current price support exists at $0.000077, just above the major support at $0.000072. This support holds, but if the buying pressure increases further, we might see the price of KIN/USD break down this support level. The nearest resistance level is at $0.000081, which remains unbroken for today. If the buying pressures surges, the price movement will try to test this support. KIN price analysis: Technical indicators turn bearish KIN price analysis for today can be carried out using technical indicators. In the 4-hour charts below, you can find the positions and reading of important technical indicators that many analysts use. The k...