Kyber Network (KNC) Sets Sights on the $1.000 Mark

The Kyber Network market has experienced a steady upward trajectory in recent times. This trend began after the market broke out from beneath a key resistance level formed by a technical indicator. The newfound bullish momentum has since sustained the market’s upward trajectory. Let’s delve into what more can be expected from this market.

Kyber Network Statistics:
Current KNC Value: $0.9847
KNC Market Cap: $176,179,092
Kyber Network Circulating Supply: 179,692,946
Kyber Network Total Supply: 230,554,960
KNC CoinMarketCap Rank: 364

Key Price Levels:
Resistance: $0.9847, $1.0000, and $1.0100
Support: $0.9700, $0.9500, and $0.9300

Kyber Network Price Increases Further by Roughly 6%

The ongoing session in the KNC daily market has seen further price increases. Consequently, price action continues to hover near the upper limit of the Bollinger Bands. However, there is an upper shadow on the last price candle, indicating that headwinds are attempting to push back against the market.

Nevertheless, the Moving Average Convergence Divergence (MACD) indicator continues to signal strong upside momentum, with the last bar of the indicator appearing green and the indicator lines still rising. As a result, traders can remain optimistic and place more trades using crypto signals with higher price targets.

The KNC Market Clings to Upside Hopes

Price activity in the Kyber Network 4-hour market maintains a bullish focus despite a moderate downward price correction. This correction occurred off the upper limit of the Bollinger Bands, although it appears insignificant compared to the substantial profits recorded in the previous session.

Furthermore, despite the correction, price action remains significantly above the middle limit of the Bollinger Bands. Additionally, the MACD indicator recently exhibited a bullish crossover, with a green bar appearing above the indicator’s equilibrium level. Consequently, all signals point to continued upside momentum, with the market likely to move towards the $1.0500 mark.

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