🔥 Kyber Network $KNC Erupts — Breakout or Blowoff?

Current Price: $0.6067

MA Levels:

20 MA: $0.3385

50 MA: $0.3060

200 MA: $0.31

🎯 Targets:

🎯 Target 1: $0.70

Flash spike suggests algo/liquidity tap

May retest this level if sentiment stays aggressive

🎯 Target 2: $0.85 – $0.90

Pre-December 2024 consolidation zone

Requires sustained volume and a daily close above $0.70

🎯 Target 3: $1.10 – $1.20

Psychological resistance

Matches 2024 bull wave top — possible long-term breakout confirmation

📊 Technical Snapshot:

Massive breakout candle: likely short squeeze or news-based algo wick

All MAs have been left in the dust — strong momentum surge

Price action mirrors prior explosive rallies seen in KNC history

RSI divergence and volume confirmation should be monitored

⚠️ Not financial advice. In fast-moving setups like this, managing risk and using stops is essential.

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