KNC crypto did not crash as much as most altcoins over the past two weeks. It has managed to maintain its daily uptrend as well as stay within its upward-sloping parallel channel. But what does this tell us about a KNC Price Prediction and the KNC Kyber token?
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KNC token has generally been less volatile than other coins like Ethereum over the past months and therefore also didn’t rise as high as Ethereum did. What we’re looking at is a slow and controlled uptrend on the daily chart. On the daily chart, we have, however, seen a bearish crossover on the MACD which is not encouraging for the bulls.
The weekly chart for KNC price has just printed a rather bearish candle with a wick pushing through the 20, 50, and 100 EMA’s but then being pushed right back down below all of them. Also, the KNC coin volume has been lacking these past weeks, giving less confidence to the recent move up. Check out our full Kyber network review.
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0:00 KNC token and Crypto Market Update
1:12 Kyber Network and KyberSwap Updates
1:50 KNC Price Analysis
3:34 Bearish Crossover
3:59 Significant Support Levels
5:53 Resistance Levels
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