In this Kyber Network Crystal technical analysis, we will examine the current price action, trading volume, key levels and indicators for KNC-USDT. Kyber Network Crystal (KNC) is a cryptocurrency that powers the Kyber Network, a decentralized platform for creating and managing non-fungible tokens (NFTs). KNC serves as the native currency for the network, enabling users to pay fees, access premium features, and participate in governance. With its fast and secure transactions, KNC is well-positioned to support the growing demand for NFTs in various industries such as art, collectibles, and gaming.
Kyber Network Crystal Price Overview:
As of October 02, 2023, Kyber Network Crystal is trading at approximately 0.676 USDT. Let’s dive into the detailed price action for KNC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.702 |
| High (H) | 0.714 |
| Low (L) | 0.668 |
| Close (C) | 0.676 |
| Volume (C) | 2,785,193.00 |
- Open (O): The opening price for today’s trading session was approximately 0.702 USDT.
- High (H): Kyber Network Crystal reached a daily high of around 0.714 USDT.
- Low (L): The daily low for KNC-USDT was approximately 0.668 USDT.
- Close (C): At the time of analysis, Kyber Network Crystal is trading near its daily close of 0.676 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.70% |
| 3D Change (%) | -4.79% |
| 7D Change (%) | 1.96% |
| 30D Change (%) | 34.66% |
| 90D Change (%) | 18.80% |
| YTD Change (%) | 48.25% |
Over the past three days, KNCUSDT has decreased by approximately -4.79%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.96%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KNCUSDT maintaining an upward trend of approximately 34.66%, despite intermittent fluctuations. Examining the last 90 days, KNCUSDT has witnessed substantial increase of approximately 18.80%, reflecting strong long-term confidence. Year-to-date, KNCUSDT has steadily increased by around 48.25%, 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-USDT 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 0.76396.
- Momentum score is 0.34661.
KNC USDT 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 2,785,193.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Kyber Network Crystal is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for KNC-USDT is currently in the high zone, around 55.29804. This suggests that Kyber Network Crystal is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Kyber Network Crystal (KNC-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward 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.
