Kyber Network Price Prediction: Will KNC Coin Rally Upwards?

• As per the Kyber Network (BITSTAMP: KNC) price prediction, the price of the KNC coin is trading at $0.57544.
• The KNC coin price decreased by 4.52% in the last 24 hours.
• The Kyber Network 52-week price bound range is $0.4455 – $2.0769.

The Kyber Network (BITSTAMP: KNC) price prediction highlights that the stock made a high of $0.93057 and since then, the KNC price is declining by making new lower lows and lower highs. The coin roughly declined 92% in the last 4 months giving poor returns to the investors.

However, the price took support which showed slight interest from the bulls. Also, the volume is $1.001K which is below the average volume of $4.131K. This shows a lack of volume in the market as of now.

This month the coin underperformed as it was down by 7.67%. Also, the KNC price was down by 22.05% in the last three months. Moreover, the Kyber Network coin price 1-year return is negative with a decrease of 53.34%.

Will the Kyber Network Coin Price Reverse Soon?

The KNC price respected its significant trendline which highlights that the coin price might go upwards. But as examined, the coin’s volume lacks bull’s interest and resistance is high as the price is below major EMA’s, if the KNC coin succeeds in accumulating more buyers only then it might surge and lead the price above hurdles. The price is consolidating at the support zone. To surge above, it needs more buying volume.

The KNC price is trading below the 100 & 200-day EMA (exponential moving average), which is acting as a hurdle, and trading above the 20 & 50-day EMA which is acting as a support and pushing the KNC price trend upwards. There is a possibility that the worth of the KNC coin will increase even further.
 

The MACD line at 0.00308 and signal line at -0.00357 is above the zero line and give a bullish crossover, suggesting bullish signals. The current value of RSI is 54.89 points, took support from the 14 SMA line, and is headed upwards. The 14 SMA is above the median line at 52.09 points which indicates an upward direction and bullish sentiment in the market.

The technical parameters of the KNC coin price suggest the continuation of the uptrend over the daily time frame chart. The KNC coin price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals about the KNC coin.

Extraction

The KNC price prediction highlights the sentiments and perspectives of investors and traders regarding the KNC coin price being bullish in the 1-D time frame. The KNC price action reflects an optimistic view at the time of publishing. The technical parameters for the KNC crypto coin price indicate bullish pressure.

Technical Levels:

• The nearest support is $0.44898.
• The nearest resistance is $0.63306.

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.