do You think it looks good to long? Kcs?

The circled area in the image highlights a significant drop in the KCS/USDT price from around $12.403 to $10.176. Despite this recent downturn, I believe **KuCoin Token (KCS)** is still a viable option for long-term investment. Here’s why:

1. **Price Surge and Market Sentiment**: KCS has recently experienced a 15% price surge, hitting a multi-month high of $12.38. This uptick in price reflects positive market sentiment, particularly when compared to other major altcoins that are experiencing corrections.
2. **KuCoin’s Strategic Initiatives**: KuCoin has been relaunching its mining operations with a focus on decentralization, which could lead to increased adoption and confidence in the KCS token. Additionally, the completion of the 61st token burn has reduced the circulating supply, potentially boosting the value of the remaining tokens.
3. **Technical Indicators**: The price of KCS has broken above the $12.00 resistance level, indicating a potential shift in momentum. With an RSI of 65.88, the token is currently in the bullish territory.
4. **Risks Considered**: It’s important to note that investing in KCS is not without risks. The cryptocurrency market is inherently volatile, and regulatory changes or market downturns could impact the value of KCS. However, these risks are inherent in the cryptocurrency market and can be mitigated through a diversified investment strategy.
5. **Long-Term Outlook**: Given KuCoin’s strategic moves and the recent positive price momentum, KCS could be a solid long-term investment. Investors should consider their risk tolerance and investment goals before making any decisions.

In conclusion, while there are risks associated with investing in KCS, the current technical setup and KuCoin’s strategic initiatives suggest that it could be a good candidate for long-term investment. Investors should closely monitor the token’s performance and market conditions.