Image default
Analysis

Kyber Network (KNC) Ticks All Bullish Sentiments, Can Price Go To $3?

Kyber Network (KNC) has lately struggled in opposition to tether (USDT) after its price was rejected at $5.5. Bitcoin’s (BTC) price elevated dramatically, rising from a low of $18,500 to a excessive of $21,000. This motion has impacted different altcoins, as most cryptocurrencies, together with Kyber Network, are seeing double-digit positive aspects (KNC). (Data from Binance)

Kyber Network (KNC) Price Analysis On The Weekly Chart 

The price of KNC has had issue replicating its latest bullish transfer, which noticed the price rally to $5.5 because the price rallied with a very good bullish sentiment.

KNC has struggled to remain afloat after falling from a excessive of $5.5 to a low of $1. The price of KNC has shaped good assist at $1, which seems to be a very good zone for many merchants to put purchase orders.

The price of KNC could also be poised to finish the week on a extra bullish observe forward of a brand new weekly candle. With such optimistic sentiment, we may see KNC attain a excessive of $3.

The price of KNC is going through resistance at $1.95 because it can’t development greater in price; if KNC flips this area, we may see the price rising to $2.5-$3 and even greater.

Weekly resistance for the price of KNC – $2.5-$3.

Weekly assist for the price of KNC – $1.

Price Analysis Of KNC On The Daily (1D) Chart

Daily KNC Price Chart | Source: KNCUSDT On Tradingview.com

KNC’s price was rejected from $5.5 because it fell to a low of $1; the price of KNC bounced from this after forming assist to carry off promote orders.

The price of KNC rose from a low of $1 to $1.9 earlier than encountering resistance to breaking above $2.

After forming a bullish uptrend line and remaining above it on the day by day timeframe, the price of KNC is trying to interrupt above its resistance of $2 to development greater.

On the day by day timeframe, the price of KNC is buying and selling at $1.96, trying to interrupt and maintain above the 200 Exponential Moving Averages (EMA). The price of $1.95 corresponds to the 200 EMA, which is a barrier to the price of KNC.

KNC should break above the 23.6% Fibonacci retracement stage, which serves as resistance to the price of KNC. If KNC breaks and closes above this stage, the price may rise to $3.

Daily resistance for the KNC price – $2.

Daily assist for the KNC price – $1.7.

KNC Price Analysis On The Four-Hourly (4H) Chart

Four-Hourly KNC Price Chart | Source: KNCUSDT On Tradingview.com

KNC’s price within the 4H timeframe stays bullish after breaking out and holding nicely above its bullish uptrend line. The price of KNC is buying and selling above the 50 and 200 EMAs; holding above these ranges signifies that the 50 and 200 EMAs are appearing as assist for the KNC price.

The 50 and 200 EMAs correspond to costs of $1.8 and $1.7, respectively.

The Relative Strength Index (RSI) for KNC is beneath 75 on the 4H chart, indicating excessive purchase order quantity for the KNC price.

Four-Hourly resistance for the KNC price – $2.

Four-Hourly assist for the KNC price – $1.8-$1.7.

Featured Image From Swissborg, Charts From 

Related posts

Dogecoin Re-enters Crypto Top 10, But Price Continues To Struggle

Crypto Advisor

Ethereum Fee Averages Remain Above $30 Despite 35% Drop. Price Pump Incoming?

Crypto Advisor

Bitcoin Holds Ground, Why 100 SMA Is The Key For Fresh Increase

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,089.19 1.00%
ethereum
Ethereum (ETH) $ 1,330.55 3.15%
tether
Tether (USDT) $ 1.00 0.01%
usd-coin
USD Coin (USDC) $ 1.00 0.18%
bnb
BNB (BNB) $ 281.09 2.77%
binance-usd
Binance USD (BUSD) $ 1.00 0.19%
cardano
Cardano (ADA) $ 0.464323 1.85%
xrp
XRP (XRP) $ 0.496326 1.54%
polkadot
Polkadot (DOT) $ 6.44 2.14%
solana
Solana (SOL) $ 34.62 9.24%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 5.91%
dogecoin
Dogecoin (DOGE) $ 0.06641 10.40%
staked-ether
Lido Staked Ether (STETH) $ 1,322.64 3.10%
matic-network
Polygon (MATIC) $ 0.774474 5.03%
tron
TRON (TRX) $ 0.060528 0.81%
dai
Dai (DAI) $ 1.00 0.17%
avalanche-2
Avalanche (AVAX) $ 18.07 4.04%
ethereum-classic
Ethereum Classic (ETC) $ 28.76 3.21%
leo-token
LEO Token (LEO) $ 4.31 5.27%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,114.38 1.16%
uniswap
Uniswap (UNI) $ 6.02 3.59%
litecoin
Litecoin (LTC) $ 55.09 5.05%
cosmos
Cosmos Hub (ATOM) $ 14.10 1.62%
okb
OKB (OKB) $ 15.33 3.39%
ftx-token
FTX (FTT) $ 23.93 3.00%
terra-luna
Terra Luna Classic (LUNC) $ 0.000246 2.64%
near
NEAR Protocol (NEAR) $ 3.83 3.05%
chainlink
Chainlink (LINK) $ 7.64 6.33%
crypto-com-chain
Cronos (CRO) $ 0.120968 3.79%
monero
Monero (XMR) $ 141.66 2.07%
stellar
Stellar (XLM) $ 0.123699 2.18%
bitcoin-cash
Bitcoin Cash (BCH) $ 120.86 5.14%
algorand
Algorand (ALGO) $ 0.380253 2.37%
flow
Flow (FLOW) $ 1.72 3.49%
vechain
VeChain (VET) $ 0.023605 3.80%
eos
EOS (EOS) $ 1.23 2.17%
internet-computer
Internet Computer (ICP) $ 6.15 2.28%
filecoin
Filecoin (FIL) $ 5.74 4.76%
chain-2
Chain (XCN) $ 0.077694 3.86%
frax
Frax (FRAX) $ 0.998179 0.01%
hedera-hashgraph
Hedera (HBAR) $ 0.0625 4.25%
decentraland
Decentraland (MANA) $ 0.725137 3.37%
apecoin
ApeCoin (APE) $ 5.59 0.08%
the-sandbox
The Sandbox (SAND) $ 0.926249 6.96%
tezos
Tezos (XTZ) $ 1.52 5.16%
quant-network
Quant (QNT) $ 115.12 9.08%
axie-infinity
Axie Infinity (AXS) $ 13.31 5.07%
aave
Aave (AAVE) $ 76.88 3.27%
lido-dao
Lido DAO (LDO) $ 1.72 0.16%
elrond-erd-2
Elrond (EGLD) $ 48.92 3.01%
theta-token
Theta Network (THETA) $ 1.14 1.80%
true-usd
TrueUSD (TUSD) $ 1.00 0.10%
chiliz
Chiliz (CHZ) $ 0.264939 0.58%
bitcoin-sv
Bitcoin SV (BSV) $ 50.33 2.09%
compound-usd-coin
cUSDC (CUSDC) $ 0.022685 0.02%
paxos-standard
Pax Dollar (USDP) $ 0.999974 0.07%
kucoin-shares
KuCoin (KCS) $ 8.98 1.29%
bittorrent
BitTorrent (BTT) $ 0.00000079659243 1.19%
ecash
eCash (XEC) $ 0.00004 4.31%
the-graph
The Graph (GRT) $ 0.10212 3.67%
iota
IOTA (MIOTA) $ 0.284756 6.05%
zcash
Zcash (ZEC) $ 57.36 2.52%
huobi-btc
Huobi BTC (HBTC) $ 19,064.73 1.11%
usdd
USDD (USDD) $ 1.00 0.03%
huobi-token
Huobi (HT) $ 4.53 0.97%
evmos
Evmos (EVMOS) $ 2.11 3.06%
havven
Synthetix Network (SNX) $ 2.48 3.91%
cdai
cDAI (CDAI) $ 0.0221 0.02%
maker
Maker (MKR) $ 683.87 6.25%
bitdao
BitDAO (BIT) $ 0.491567 1.01%
klay-token
Klaytn (KLAY) $ 0.208309 2.46%
neutrino
Neutrino USD (USDN) $ 0.959729 0.42%
fantom
Fantom (FTM) $ 0.234089 3.08%
compound-ether
cETH (CETH) $ 26.63 2.22%
neo
NEO (NEO) $ 8.62 3.54%
helium
Helium (HNT) $ 4.65 2.98%
gatechain-token
Gate (GT) $ 4.26 3.22%
defichain
DeFiChain (DFI) $ 0.813765 1.00%
radix
Radix (XRD) $ 0.058864 1.21%
celsius-degree-token
Celsius Network (CEL) $ 1.57 3.44%
pax-gold
PAX Gold (PAXG) $ 1,639.22 0.01%
pancakeswap-token
PancakeSwap (CAKE) $ 4.60 3.45%
thorchain
THORChain (RUNE) $ 1.65 3.59%
osmosis
Osmosis (OSMO) $ 1.22 1.60%
zilliqa
Zilliqa (ZIL) $ 0.033108 1.64%
enjincoin
Enjin Coin (ENJ) $ 0.483125 2.65%
nexo
NEXO (NEXO) $ 0.960989 2.98%
arweave
Arweave (AR) $ 9.98 1.58%