📊 KNC/USDT Analysis (1D, Binance)
🚀 Strong breakout +125%
The price sharply surged upward from a descending wedge, demonstrating a growth of more than 125% in a day!
🔍 Technical Picture:
🔹 Pattern: Descending Wedge (bullish pattern) — breakout confirmed upwards.
🔹 Breakout Price: ~0.31 USDT
🔹 Current Price: 0.72 USDT
🔹 Target based on the pattern: ~0.77 USDT (key resistance)
📈 Indicators:
☁️ Ichimoku: Price broke above the cloud — confirmation of a bullish trend.
🔵 Parabolic SAR: Points moved below the candles — support for growth.
📊 MA (7, 25, 99): All broken — signal of a trend reversal upwards.
🧠 Conclusion:
📌 KNC is in a phase of active growth after a long consolidation. The level of 0.77 USDT is a key resistance zone, profit-taking is possible.
⚠️ We expect a correction or consolidation before the next impulse. A potential retest of the 0.50–0.52 zone is an interesting point for re-entry.