Kyber Network (KNC) Technical Analysis: KNC Eye’s at 30% Upswing Before the Monthly Close

KEY TAKEAWAYS

• The KNC price closed the previous day’s close at $3.24 with a market capitalization of $582.01 million and a circulating supply of 177,809,349.53 KNC
• The asset appears to be self-assured to range high towards the immediate resistance and eventually record a bullish close around $4.5 to $5 to end the monthly trade
• Yet, a minor pullback may drag the price towards $3 but the buyers are well in action and hence lower targets may not be entertained

KYBER NETWORK (KNC) TECHNICAL-ANALYSIS FOR TODAY: 21 MARCH 2022

The KNC price ignited a strong start for the day’s trade but quickly began to shed huge gains and plunged nearly 9%. However, after accumulating for some time, the price has gained some of its value and appears to have halted for a while. However, the bullish momentum appears to have already built up and hence a significant uptrend may be maintained.

The asset may try very hard to smash and sustain above the immediate resistance levels above $3.33 to close the day’s trade. And further, continue to head towards the $3.5 levels before facing minor exhaustion. After a small accumulation phase, the price may flip the consolidation to maintain a notable uptrend.

Additional Read: What is Kyber Network?

KNC /USDT TECHNICAL-ANALYSIS FOR SHORT-TERM

Source: Tradingview

• The KNC price is swinging within a notable uptrend channel which more or less resembles the rising wedge
• As an outcome, the price is expected to breakdown from the upper resistance but before that, a surge to the upper resistance is quite possible
• However, the asset if plunged towards the lower support where-in it may get a boost to rebound, then it may form a double bottom pattern
• And hence the price may eventually slice through the neckline which lies around $3.34 and surge to hit the upper resistance at $3.5

Read detailed technical analysis KNC coin

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