The Kyber Network Price Prediction: Bullish Movement Expected
The Kyber Network price is expected to trade above the $0.70 level as the market turns bullish. Here are the key points:
- Kyber Network price now at $0.67 with a market cap of $116.8 million
- Resistance levels: $0.85, $0.90, $1.00
- Support levels: $0.50, $0.40, $0.30
- KNC/USD is currently ranging and may break above the upper boundary of the channel
- If the price crosses above the upper boundary, it could hit resistance levels at $0.75, $0.80, $0.85, $0.90, and $1.00
- The nearest support level is at $0.72
- Further bearish movement could push the price to support levels of $0.50, $0.40, and $0.30
- When compared with Bitcoin, the price is also moving to break above the upper boundary of the channel
- Potential resistance levels for KNC/BTC are at 2800 SAT and above
- Investors should be aware of the project’s tokenomics and the ongoing presale of WSM tokens
In conclusion, the Kyber Network price is expected to continue trading bullishly, with potential resistance levels at $0.75, $0.80, $0.85, $0.90, and $1.00. However, it is important to monitor the support levels and the project’s tokenomics for sustainable price action.
Hot Take: With the market turning bullish, Kyber Network may see an increase in its price. Investors should keep an eye on the resistance and support levels, as well as the ongoing presale of WSM tokens.
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