The Kyber Network Price Prediction: Bulls in Control
The Kyber Network price prediction indicates that the price is recovering from its low of $328 and remains within a short-term bullish trend. The current market statistics show a price of $0.63, a market cap of $108.7 billion, and a circulating supply of 170.7 million coins. With a Coinmarketcap ranking of #187, the Kyber Network is poised for potential gains.
Key Points:
- Kyber Network price is now at $0.63 with a market cap of $108.7 billion.
- The coin is in a short-term bullish trend and may soon cross above the upper boundary of the channel.
- Resistance levels are at $0.80, $0.85, and $0.90, while support levels are at $0.45, $0.40, and $0.35.
- The technical indicator RSI (14) suggests more bullish signals.
- The Kyber Network price may continue its upward movement and reach resistance levels of $0.80, $0.85, and $0.90.
Kyber Network Prediction: KNC/USD May Create Additional Gains
Looking at the daily chart, the Kyber Network price is ready to break more upsides as the 9-day moving average remains above the 21-day moving average. The bullish movement is expected to continue if the bulls maintain their upward trend. This could potentially take the coin to resistance levels of $0.80, $0.85, and $0.90.
However, if there is strong selling pressure and the bears enter the market, the price may drop below the moving averages. In this case, the support levels at $0.45, $0.40, and $0.35 may come into play.
KNCBTC – Daily Chart
Against Bitcoin, the Kyber Network is likely to cross above the upper boundary of the channel as the bulls increase their entries into the market. Currently trading at 2098 SAT, if the coin signals a more bullish rally, it could face resistance at 2400 SAT and above.
However, if the coin drops and reaches the lower boundary of the channel, support levels at 1700 SAT and below may come into play.
Alternatives to Kyber Network
The Kyber Network is trading above the moving averages and is expected to continue its upward movement. For those seeking alternative investments, another token to consider is the new meme coin project. This project has raised more than $13 million in its presale and has gained attention from prominent figures in the crypto industry.
Hot Take:
The Kyber Network price prediction suggests that the coin is currently in a bullish trend and may experience further gains. However, it is important to keep an eye on potential selling pressure and bearish movements. Additionally, exploring alternative investments can provide additional opportunities for growth. Overall, the Kyber Network shows promise in the current market.
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