Join our Telegram channel to stay updated on breaking news reports. Kyber Network price prediction shows that KNC may break out of the channel and reach the $1.00 resistance level.
What are the features of Kyber Network?
Kyber Network is the first tool that allows anyone to instantly exchange tokens without relying on third parties (such as centralized exchanges). Its unique, developer-friendly architecture enables seamless integration with applications and other blockchain-based protocols, making it an easily accessible solution for a wide range of applications.
Kyber Network Forecast Statistics:
Kyber Network Current Price- $0.76
Kyber Network Market Cap- $142.8 Million
Kyber Network Circulating Supply - 188.3 Million
Kyber Network Total Supply - 239.1 Million
Kyber Network Coinmarketcap Ranking – 363rd
KNC/USD Markets
Key Levels:
Resistance Levels: $1.10, $1.20, $1.30
Support Levels: $0.40, $0.30, $0.20
KNC/USD
The bulls are trying to push the price to the upper limit of the channel, and the 9-day and 21-day moving averages show that the market may develop a positive trend while the bulls increase the buying pressure.
Kyber Network Price Prediction: KNC Price May Follow an Upward Trend
Kyber Network is priced at $0.76 and could start to rise if the coin breaks out of the channel. However, any further bull run could target the nearest resistance levels at $1.10, $1.20, and $1.30, while a break below the 9-day and 21-day moving averages and sliding towards the lower boundary of the channel could hit the $0.40, $0.30, and $0.20 support levels, with a large number of bullish trades associated with them.
KNC/BTC Heads North
Compared to Bitcoin, Kyber Network price surpassed the 9-day and 21-day moving averages, pointing bullishly to the positive. If the market price turns down and slides towards the lower boundary of the channel, the next support level may be seen at 900 SAT, continuing to look for more significant support below 795 SAT if the sell-off becomes huge lately.
If the bulls push the price to the upper boundary of the channel, further bull runs may hit the potential resistance level of 1400 SAT and above, while the 9-day MA remains above the 21-day MA to continue the bull run. On the other hand, if the price heads south, the sellers may resume, which may bring short pressure on the market.
However, @BabyyBlockChain informed his 31k followers on X (formerly Twitter) that $KNC has bounced off weekly support and is now eyeing a breakout to $2.00.
Alternatives to Kyber Network
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