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The Kyber Network price forecast shows that KNC could cross the channel to reach the $1.00 resistance level.
What distinguishes Kyber Network?
Kyber Network is the first tool that allows anyone to exchange tokens instantly without relying on a third party such as a centralized exchange. Its unique, developer-friendly architecture enables seamless integration with apps and other blockchain-based protocols, making it an easily accessible solution for a variety of applications.
Kyber Network Prediction Statistics:
- Kyber Network price now – $0.76
- Market cap of Kyber Network – $142.8 million
- Kyber Network Circulating Supply – 188.3 million
- Total Kyber Network offering – 239.1 million
- Kyber Network Coinmarketcap Ranking – #363
KNC/USD market
Key Levels:
Resistance levels: $1.10, $1.20, $1.30
Support levels: $0.40, $0.30, $0.20
KNC/USD Bulls are trying to push the coin above the upper limit of the channel as the 9 and 21 day moving averages show that the market could start a positive move as the bulls increase buying pressure.
Kyber Network Price Prediction: KNC Price May Follow the Uptrend
The Kyber Network price changes hands at $0.76, where it points up. If the coin breaks above the channel, it can start the upward movement. However, any further bullish move could pinpoint the nearest resistance levels at $1.10, $1.20 and $1.30, while a drop below the 9-day and 21-day moving averages and a shift towards the channel’s lower boundary would break the $0 support levels could reach .40. $0.30 and $0.20 respectively with long bullish trading volume.
KNC/BTC heads north
Against Bitcoin, Kyber Network price is moving above the 9 and 21 day moving averages as the bulls move to the upside. On the other hand, if the market price falls and declines towards the lower limit of the channel, the next support level may emerge at 900 SAT only to find further key support at 795 SAT and lower if the sell-off becomes massive later.
On the upside, if the bulls push the price above the upper limit of the channel; Further bullish move could reach the potential resistance level at 1400 SAT and above while the 9-day MA remains above the 21-day MA to continue the bullish move. On the other hand, if the coin is headed south, sellers may return and this could create bearish pressure on the market.
Nevertheless, @BabyyBlockChain informed his 31,000 followers on X (formerly Twitter) that $KNC has recovered from its weekly support and is now eyeing a breakout towards $2.00.
$KNC – the price is bouncing off the weekly support and looking at a breakout towards $2.00
LFG 💥 #Crypto #KyberNetwork pic.twitter.com/Nh3dF6wxgE
— Blockchain Babe (@BabyyBlockChain) June 9, 2024
Alternatives to Kyber network
The Kyber Network price is driven by bullish momentum as it trades above the moving averages. If this trend continues, the coin may soon break above the upper limit of the channel. As the bulls put more pressure on the bears, the coin is likely to reach higher levels. Meanwhile, the pre-sale of PlayDoge tokens has been a success, raising $3.7 million in recent weeks. This achievement positions the token to reach its $4 million goal before the presale ends.
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