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{"id":429396,"date":"2020-07-03T05:58:29","date_gmt":"2020-07-03T05:58:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=429396"},"modified":"2024-06-11T13:39:37","modified_gmt":"2024-06-11T13:39:37","slug":"kyber-network-knc-could-rally-to-2","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/kyber-network-knc-could-rally-to-2\/","title":{"rendered":"Kyber Network (KNC) Rallies To New 2020 High: Here\u2019s Why $2 Seems Possible"},"content":{"rendered":"

Kyber Network token price rallied above $1.500 and traded to a new 2020 high against the US Dollar. KNC price is currently consolidating gains and it could continue to rise towards $2.000.<\/em><\/p>\n

\n
Kyber Network gained traction in the past few days and its token price surged above $1.000 against the US dollar.<\/li>\n
The price traded to a new 2020 high at $1.676 and it is currently trading in a strong uptrend.<\/li>\n
There is a crucial bullish trend line forming with support at $0.9000 on the daily chart of the KNC\/USD pair (data source from Coinbase).<\/li>\n
The pair could correct a few points, but it might find bids near $1.400 or $1.340.<\/li>\n<\/ul>\n
KNC Price Could Rally To $2.000<\/h2>\n
In the past few days, kyber network token price started a significant rally from the $0.5000 support against the US Dollar. KNC outpaced all major cryptocurrencies, including bitcoin<\/a>, Ethereum, and ripple.<\/p>\n
It surged above the $1.000 resistance and settled well above the 100-day simple moving average. It gained more than 150% and traded to a new 2020 high at $1.676. During the rise, it surpassed a crucial barrier at $1.345, which may now act as a strong support.<\/p>\n
Moreover, there is a crucial bullish trend line forming with support at $0.9000 on the daily chart of the KNC\/USD pair. If there is a downside correction, an initial support could be $1.500.<\/p>\n
$\"Kyber$ <\/a><\/p>\n
KNC price above $1.500. Source: TradingView.com<\/a><\/pre>\n
The 23.6% Fib retracement level of the recent rally from the $1.009 low to $1.676 high is also near the $1.510 level to provide support. The first major support is near the $1.345 level (the recent breakout zone).<\/p>\n
The $1.345 support is also close to the 50% Fib retracement level of the recent rally from the $1.009 low to $1.676 high. On the upside, the $1.650 and $1.700 levels are immediate hurdles. A successful break above the $1.700 level could open the doors for a sharp rise towards the $2.000 resistance in the coming sessions.<\/p>\n
Chances of a Bearish Wave?<\/h2>\n
If KNC fails to continue higher above $1.700, it could correct lower. The first major support is near the $1.345 level, below which the bulls are likely to defend the $1.100 support.<\/p>\n
Any further losses may perhaps put pressure on the bulls and the price could dive towards the trend line support near the $0.900 level in the near term.<\/p>\n
Technical Indicators<\/p>\n
Daily MACD \u2013 The MACD for KNC\/USD is gaining momentum in the bullish zone.<\/p>\n
Daily RSI (Relative Strength Index) \u2013 The RSI for KNC\/USD is rising and it is approaching the 80 level.<\/p>\n
Major Support Levels \u2013 $1.500, $1.345 and $1.100.<\/p>\n
Major Resistance Levels \u2013 $1.650, $1.700 and $2.000.<\/p>\n
Take advantage of the trading opportunities with Plus500<\/a><\/p>\n
Risk disclaimer: 76.4% of retail CFD accounts lose money.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kyber Network token price rallied above $1.500 and traded to a new 2020 high against the US Dollar. KNC price is currently consolidating gains and it could continue to rise towards $2.000. Kyber Network gained traction in the past few days and its token price surged above $1.000 against the US dollar. The price traded to a new 2020 high at $1.676 and it is currently trading in a strong uptrend. There is a crucial bullish trend line forming with support at $0.9000 on the daily chart of the KNC\/USD pair (data source from Coinbase). The pair could correct a few points, but it might find bids near $1.400 or $1.340. KNC Price Could Rally To $2.000 In the past few days, kyber network token price started a significant rally from the $0.5000 support against the US Dollar. KNC outpaced all major cryptocurrencies, including bitcoin, Ethereum, and ripple. It surged above the $1.000 resistance and settled well above the 100-day simple moving average. It gained more than 150% and traded to a new 2020 high at $1.676. During the rise, it surpassed a crucial barrier at $1.345, which may now act as a strong support. Moreover, there is a crucial bullish trend line forming with support at $0.9000 on the daily chart of the KNC\/USD pair. If there is a downside correction, an initial support could be $1.500. KNC price above $1.500. Source: TradingView.com The 23.6% Fib retracement level of the recent rally from the $1.009 low to $1.676 high is also near the $1.510 level to provide support. The first major support is near the $1.345 level (the recent breakout zone). The $1.345 support is also close to the 50% Fib retracement level of the recent rally from the $1.009 low to $1.676 high. On the upside, the $1.650 and $1.700 levels are immediate hurdles. A successful break above the $1.700 level could open the doors for a sharp rise towards the $2.000 resistance in the coming sessions. Chances of a Bearish Wave? If KNC fails to continue higher above $1.700, it could correct lower. The first major support is near the $1.345 level, below which the bulls are likely to defend the $1.100 support. Any further losses may perhaps put pressure on the bulls and the price could dive towards the trend line support near the $0.900 level in the near term. Technical Indicators Daily MACD \u2013 The MACD for KNC\/USD is gaining momentum in the bullish zone. Daily RSI (Relative Strength Index) \u2013 The RSI for KNC\/USD is rising and it is approaching the 80 level. Major Support Levels \u2013 $1.500, $1.345 and $1.100. Major Resistance Levels \u2013 $1.650, $1.700 and $2.000. Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money.<\/p>\n","protected":false},"author":67,"featured_media":429398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4,16893],"tags":[2669,79577,79578,13381],"class_list":["post-429396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-analysis","category-token","tag-knc","tag-kncusd","tag-kncusdt","tag-kyber-network"],"acf":[],"yoast_head":"\nKyber Network (KNC) Rallies To New 2020 High: Here\u2019s Why $2 Seems Possible<\/title>\n<meta name=\"description\" content=\"Kyber Network token price rallied above $1.500 and traded to a new 2020 high against the US Dollar. 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