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Kyber Network / TetherUS

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KNCUSDT trade ideas

KNC/USDT Break out the key level area, Indicating Bullish Moment💎 KNC has indeed made a significant impact in the cryptocurrency market. Currently, KNC has successfully broken out of the key supply zone area. 💎 The potential next step for the price is a retesting phase at the demand level. This breakout is indicative of bullish momentum, suggesting a continuation of the upward movement. There's a probability that KNC will reach our target area. 💎 However, if KNC fails to maintain its position above the demand area and instead breaks down below it, this would indicate a failed breakout scenario. 💎 Such a development could be a negative sign, suggesting a reversal to the downward movement. In this case, the price may revisit the key support area.
by MyCryptoParadise_Nathan
2
KNC will fly soonA triangle has started from where we entered "Start" on the chart. Right now it looks like wave E of the triangle is over or at the end of wave E. There is a supply on the way to the part. By consuming this supply and a downward rejection and then maintaining the green range, it can enter a medium-term bullish phase. KNC will remain bullish while maintaining the green range Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
KNC Bulls Charge: Price Breaks Resistance, Eyes on $2.22Kyber Network (KNCUSDT) is experiencing a bullish breakout . After hovering around $0.80 for a period, after surpassed a key resistance level, signaling a potential surge in price. The first target sits at $1.17 , a level KNC previously struggled to overcome. If this resistance is breached convincingly, the price could skyrocket towards $2.22 and even reach $2.80 by the end of 2024 or early 2025. This bullish momentum could propel KNC to even greater heights. Long-term predictions suggest the token has the potential to revisit its all-time high of $3.60 or even touch $6.00 within the next year or two. Reasons for Optimism Several factors contribute to the bullish sentiment surrounding KNC. The Kyber Network's role in facilitating seamless token liquidity across decentralized exchanges (DEXs) remains valuable. As the DeFi space continues to mature and adoption grows, Kyber Network's services become increasingly crucial. Furthermore, the KNC token itself plays a multifaceted role. It serves not only as a utility token within the Kyber ecosystem but also as a governance token, allowing holders to participate in shaping the network's future. Cautious Optimism Warranted While the current trend appears promising, investors are advised to exercise caution. The cryptocurrency market remains volatile, and unforeseen events can trigger price corrections. However, the recent breakout signifies a significant shift in KNC's momentum. With strong fundamentals and a potential surge in DeFi adoption, Kyber Network appears well-positioned for a prosperous future.
Long
by Z4F4R
knc analysisThe Kyber Network Crystal (KNC) coin is currently in an accumulation range between $0.4634 and $0.929 on the weekly timeframe. Based on the upward trend and approaching the range ceiling, confirmation of the price trend by daily and weekly RSI, and the RSI entering the overbought zone on the daily timeframe, there is a possibility of breaking the weekly box ceiling if the overall market uptrend continues and Bitcoin dominance decreases. Therefore, this coin can be an option for spot and futures trading, and the suggested entry price is $0.929 for spot and $0.887 for futures. The appropriate stop loss for spot is the $0.536 range and for futures it can be the $0.84 range. Important Notes: This analysis is for informational purposes only and does not constitute a buy or sell signal. Do your own research and use a proper risk management strategy before any trading.
Long
by torkamanmohamad117
2
KNC/USDT Keep an eye! If Breakout is happen potential back to UP💎 KNC has recently demonstrated significant market dynamics. After a period of consolidation, KNC is currently showing signs of upward momentum, aiming to break out of the descending channel. 💎 A successful breakout could signal a shift towards upward movement, probability leading the price to retest the strong resistance area. 💎 However, if KNC fails to break out of the descending channel and faces rejection, the price may retreat to the support area around $0.57 to gather momentum for another attempt. 💎 A concerning scenario arises if KNC breaks below the support area, confirming a downward trend. In this case, the price could continue its descent towards the strong support zone or even establish a new bottom support level.
by MyCryptoParadise
4
Kyber / KNCFor the last 450 days + kyber has been in an accumulation range. Weekly RSI is showing some bullish DIV tho another touch of trend for me would be ideal before longing. Volume on the smaller time frames and a weekly hammer would be the time to start looking. A couple more confirmations for me include a double bottom followed by a Break of structure. With how the markets are playing out id say DCAing Kyber for the next 12 months if we dip wouldn't be a bad thing come bullrun. Theres alot of room to move above, DYOR. See you when we hit $5
Long
by chopperotti
KNC/USDT It required Breakout the pattern if want continue UP!💎 The recent market performance of KNC has been garnering attention. KNC has successfully reclaimed its position above a critical support area, creating a bearish trap. 💎 Currently, it is navigating an upward trajectory toward the resistance trendline of a descending channel. For sustained upward momentum, KNC needs to effectively break out of this pattern. A successful breakout from the descending channel could propel KNC significantly upward, potentially leading it to our established strong resistance area. 💎 However, if KNC struggles and fails to break out of this pattern, there's a possibility it may revert to the support area to gather strength for another breakout attempt. In such a scenario, KNC must demonstrate a strong rebound from the support area, maintaining the bullish momentum needed for a successful pattern breakout. 💎 Should KNC exhibit a lackluster response at the support level, characterized by sideway movements and low trading volume, it could indicate a loss of support. Under such circumstances, the probability increases that KNC may descend further, potentially moving toward lower price levels.
by MyCryptoParadise