• 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 Price Prediction: Kyber Network Price May Explode as the technical indicator Relative Strength Index (14) remains within the overbought region.
• 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.
The Kyber Network price prediction is looking positive as the crypto market is showing some signs of recovery. KNC/USD has been on a bullish run since mid-December and the recent break above the $0.70 level has seen the price reach a new high of $0.75. The coin has since retraced slightly to $0.71, but is still well on its way to $0.80.
The Kyber Network is a decentralized protocol that provides liquidity for the cryptocurrency market. It allows for instant and secure token swapping and is used to power many of the popular decentralized exchanges. The Kyber Network was founded in 2017 and has seen a steady rise in value since then.
The technical indicators are also looking positive for KNC/USD. The Relative Strength Index (14) remains within the overbought region, indicating that the market sentiment is still bullish. Moreover, the 9-day moving average is currently above the 21-day moving average, indicating further bullish momentum for the coin.
If the current trend continues, the Kyber Network price prediction suggests that the coin could break above the upper boundary of the channel and reach the resistance levels at $1.00, $1.10, and $1.20. Furthermore, if the momentum continues, the coin could even reach the $1.50 level in the near future.
Overall, the Kyber Network price prediction suggests that the coin is heading in the right direction and could reach the desired levels in the near future. However, the crypto market is highly volatile and investors should exercise caution while investing.
