The Kyber Network price prediction shows KNC breaking towards the upper boundary of the channel as the eyes focus on the $0.80 level.
Kyber Network Prediction Statistics Data:
- Kyber Network price now – $0.71
- Kyber Network market cap – $118.7 million
- Kyber Network circulating supply – 164.8 million
- Kyber Network total supply – 223.3 billion
- Kyber Network Coinmarketcap ranking – #174
Resistance levels: $1.00, $1.10, $1.20
Support levels: $0.40, $0.30, $0.20
KNC/USD is refreshing to a new high after touching the daily low of $0.60 to breach above $0.75 as the coin currently trades at $0.71 with a bullish crossover and trend intraday. Today, the crypto crosses above the upper boundary of the channel, but higher support is expected at the $0.70 level.
Kyber Network Price Prediction: Kyber Network Price May Explode
The Kyber Network price is struggling to cross above the channel as the technical indicator Relative Strength Index (14) remains within the overbought region, it’s likely for the coin to experience some bullish signals, which can finally encourage more buyers to enter the market.
However, if the 9-day moving average stays above the 21-day moving average, the coin may cross above the channel, and the price could hit the resistance levels at $1.00, $1.10, and $1.20 respectively. Moreover, if the technical indicator decides to make a quick turn and face the downside, there may be a quick bearish drop, which may likely hit the support levels of $0.40, $0.30, and $0.20.
Against Bitcoin, Kyber Network price is hovering above the 9-day and 21-day moving averages as the price touches the resistance level of 3749 SAT. However, the fact that the market remains in the descending channel, seems to cross above the upper boundary of the channel.
Therefore, if the buyers push the market price above the channel, KNC/BTC may touch the resistance level of 4500 SAT and above. On the contrary, higher selling pressure may cancel the bullish pattern, and this could attract new sellers coming into the market with the next support level at 2500 SAT and below, but the technical indicator Relative Strength Index (14) moves to cross above the 60-level.
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