$KNC has shown a solid price increase of 3.144% over the past 24 hours.
The price range between 0.3725 and 0.3515 indicates a moderate volatility level.
Currently, KNC is trading near the upper Bollinger Band at 0.3742, suggesting it may encounter resistance around 0.3725.
Support is established at 0.353, providing a safety net for traders.
The overall market trend is up, but macroeconomic factors like inflation data and regulatory news could create volatility.
Bitcoin's influence remains undefined, indicating that KNC's movements may be driven by its fundamentals.
Traders should consider a short-term approach given the current volatility, while keeping an eye on broader market sentiment.
Key takeaway: The strength of the current uptrend, combined with support levels, suggests that KNC could be pivotal for speculative trades in the near term.
