KNC/USD Draws Short-Term Bullish Sentiment Towards $0.750 Level

The Kyber Network price prediction shows that KNC is likely to climb above the upper boundary of the channel to begin the upward trend.

Kyber Network Prediction Statistics Data:

• Kyber Network price now – $0.724
• Kyber Network market cap – $120.4 million
• Kyber Network circulating supply – 164.8 million
• Kyber Network total supply – 222.3 million
• Kyber Network Coinmarketcap ranking – #162

KNC/USD Market

Key Levels:

Resistance levels: $1.300, $1.400, $1.500

Support levels: $0.300, $0.200, $0.100

At the time of writing, KNC/USD is changing hands at around $0.724 as the coin heads to the upside. Today’s trading begins with a slight uptrend in the market as the coin moves to touch the daily high of $0.742, after which it is currently trading below the daily high. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.

Kyber Network Price Prediction: KNC Gets Ready for the Upside

According to the daily chart, the next step for the Kyber Network price is to cross above the upper boundary of the channel. Once this is done, bulls could push the coin to hit the resistance levels at $1.300, $1.400, and $1.500 respectively.

However, as the technical Indicator Relative Strength Index (14) moves above the 50-level, KNC/USD is ready for the north, once this plays out, it can manage to sustain the bullish movement towards the resistance levels of $1.00 and $1.200. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $0.300, $0.200, and $0.100 respectively.

Against Bitcoin, the Kyber Network is moving above the 9-day and 21-day moving averages as the coin may cross above the upper boundary of the channel. At the moment, bulls are to push the coin to the positive side while the technical Indicator Relative Strength Index (14) moves above the 60-level.

Nevertheless, if the bears drag the price below the moving averages, KNC/BTC may fall to the support level of 1900 SAT and below. Meanwhile, the continuation of the bullish movement may keep the price above the moving averages, and gaining more uptrends may cause the coin to hit the resistance level of 7000 SAT and above.

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