In this Kyber Network Crystal technical analysis, we will examine the current price action, trading volume, key levels and indicators for KNC-BTC. Kyber Network Crystal (KNC) is a native cryptocurrency of the Kyber Network, a decentralized platform that enables instant and secure token swaps. KNC serves as the network’s governance token, allowing holders to participate in voting for proposals that impact the network’s development. With its fast and low-latency architecture, KNC facilitates seamless transactions and contributes to the overall efficiency of the Kyber Network ecosystem.
Kyber Network Crystal Price Overview:
As of May 20, 2024, Kyber Network Crystal is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for KNC-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 151,082.40 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Kyber Network Crystal reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for KNC-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Kyber Network Crystal is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.58% |
| 3D Change (%) | -4.39% |
| 7D Change (%) | -3.85% |
| 30D Change (%) | -11.37% |
| 90D Change (%) | -32.54% |
| YTD Change (%) | -48.83% |
Over the past three days, KNCBTC has declined by approximately -4.39%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -3.85%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KNCBTC maintaining a downward trend of approximately -11.37%, despite intermittent fluctuations. Examining the last 90 days, KNCBTC has witnessed substantial decrease of approximately -32.54%, reflecting strong long-term confidence. Year-to-date, KNCBTC has steadily decreased by around -48.83%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Kyber Network Crystal Live Chart:
You can access a live price chart for KNC-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.37368.
- Momentum score is -0.07508.
KNC BTC Technical Analysis
Kyber Network Crystal Trading Volume:
The trading volume for Kyber Network Crystal (KNC) over the past 24 hours has been significant, with approximately 151,082.40 BTC traded against KNC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): KNC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Kyber Network Crystal is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for KNC-BTC is currently in the low zone, around 37.44594. This suggests that Kyber Network Crystal is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Kyber Network Crystal (KNC-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Acknowledge potential headwinds for Kyber Network Crystal (KNCBTC) at 8.50e-06 BTC through bearish technical analysis, featuring weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.