🔥 $KNC : THE COIN HAS BEEN FALLING FOR A LONG TIME. ARE BUYERS FINALLY COMING BACK?
Sometimes the most interesting opportunities appear not when a coin has already taken off, but when it’s trying to recover from a prolonged decline.
Right now, I’m keeping an eye on $KNC (Kyber Network).
📊 What the chart shows on October 14:
🔹 $0.128 — the nearest support level. It’s important for the price to hold here.
🔹 $0.1323 — the first level buyers need to break through.
🔹 $0.1351–0.1399 — the next targets if the momentum is confirmed.
The daily chart shows signs of a possible recovery, but selling pressure is still present on shorter timeframes. So I wouldn’t be quick to declare a confirmed reversal.
If the price breaks through resistance on rising volume, the outlook will become more interesting. But if it loses $0.128, the bullish scenario will weaken.
#KNC #KyberNetwork #DeFi #Crypto #Altcoins
Sometimes the most interesting opportunities appear not when a coin has already taken off, but when it’s trying to recover from a prolonged decline.
Right now, I’m keeping an eye on $KNC (Kyber Network).
📊 What the chart shows on October 14:
🔹 $0.128 — the nearest support level. It’s important for the price to hold here.
🔹 $0.1323 — the first level buyers need to break through.
🔹 $0.1351–0.1399 — the next targets if the momentum is confirmed.
The daily chart shows signs of a possible recovery, but selling pressure is still present on shorter timeframes. So I wouldn’t be quick to declare a confirmed reversal.
If the price breaks through resistance on rising volume, the outlook will become more interesting. But if it loses $0.128, the bullish scenario will weaken.
#KNC #KyberNetwork #DeFi #Crypto #Altcoins