Five days ago $KNTQ was the trending-board darling pushing toward its $0.60 record high. Tonight it's back on that same board for a very different reason — down about 8.3% near $0.42 on roughly $13M in volume, after printing a $0.475 high and a $0.375 low in the last 24 hours.
There's no single headline behind this one; it's the broad selloff doing the work, and it is simply giving back harder than the majors — $BTC is down about 5.4% near $76,095 for comparison. That's the cost of a fast run: the names that climbed quickest tend to fall fastest when the tape turns red.
The level I'm watching is $0.40. Hold above it and this starts to look like a breather after the run to $0.60; lose the $0.375 low and the slide probably has further to go. Is $0.42 where the $KNTQ crowd steps back in, or does this one need a deeper reset first?
#Kinetiq #Altcoins #CryptoContent
There's no single headline behind this one; it's the broad selloff doing the work, and it is simply giving back harder than the majors — $BTC is down about 5.4% near $76,095 for comparison. That's the cost of a fast run: the names that climbed quickest tend to fall fastest when the tape turns red.
The level I'm watching is $0.40. Hold above it and this starts to look like a breather after the run to $0.60; lose the $0.375 low and the slide probably has further to go. Is $0.42 where the $KNTQ crowd steps back in, or does this one need a deeper reset first?
#Kinetiq #Altcoins #CryptoContent