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 cryptocurrency that powers the Kyber Network, a decentralized platform for interoperability and liquidity in the digital asset ecosystem. KNC enables seamless interactions between different blockchain networks, allowing for the transfer of assets and data without the need for bridges or oracles. With its innovative architecture and growing user base, Kyber Network Crystal has established itself as a key player in the decentralized finance (DeFi) space.
Kyber Network Crystal Price Overview:
As of October 02, 2023, Kyber Network Crystal is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for KNC-BTC:
- Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
- High (H): Kyber Network Crystal reached a daily high of around 3e-05 BTC.
- Low (L): The daily low for KNC-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Kyber Network Crystal is trading near its daily close of 2e-05 BTC.
|1D Change (%)||-2.99%|
|3D Change (%)||-7.91%|
|7D Change (%)||-3.60%|
|30D Change (%)||25.59%|
|90D Change (%)||31.57%|
|YTD Change (%)||-11.30%|
Over the past three days, KNCBTC has dropped by approximately -7.91%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.60%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KNCBTC maintaining an upward trend of approximately 25.59%, despite intermittent fluctuations. Examining the last 90 days, KNCBTC has witnessed substantial increase of approximately 31.57%, reflecting strong long-term confidence. Year-to-date, KNCBTC has steadily depreciated by around -11.30%, 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 0.75352.
- Momentum score is 0.25593.
KNC BTC Technical Analysis
Kyber Network Crystal Trading Volume:
The trading volume for Kyber Network Crystal (KNC) over the past 24 hours has been insignificant, with approximately 88,911.00 BTC traded against KNC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 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 neutral zone, around 54.11473. This suggests that Kyber Network Crystal is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.