$KNC /USDT Price Prediction This Week on Binance
Current Price: ~$0.5323
đTechnical & Market Overview
â˘Recent Momentum: KNC has jumped ~83% from prior lows (around $0.29) to $0.53, driven by renewed DeFi interest and on-chain volume spikes. Short-term charts show bullish momentum breaking past a descending channel.
â˘Moving Averages:Price now trades above the 50-day MÎ (~$0.48), signaling a strong bullish trend; the 200-day MA at ~$0.60 remains the next major hurdle.
â˘Technical Indicators:RSI has entered overbought territory (~75), hinting at potential short-term consolidation or pullback.
đThis Week's Forecast
â˘Bullish Scenario: $0.60 â $0.65
A breakout above the 200-day MA could trigger a compelling rally toward recent highs and resistance zones.
â˘Neutral Range: $0.48 â $0.60
A short-term cooldown or range-bound consolidation likely as RSI cools off.
â˘Bearish Scenario: $0.40 â $0.48
If profit-taking hits or resistance at the 200-day MA holds, expect a pullback toward the 50-day MA support.
đŻTrade Plan
â˘Entry Zone: $0.50 â $0.53
â˘Take Profit 1: $0.60
â˘Take Profit 2: $0.65
â˘Stop Loss: Below $0.48
đStrategy Insight
KNC is riding strong bullish momentum after a breakout above critical moving averages. Holding above $0.48 supports further upside potential. However, overbought conditions require cautious entry-$0.60 acts as a key resistance watchpoint. A disciplined entry with clear stop-loss near $0.48 offers a favorable risk-reward setup.
