KNC Amplitude 140%! Support at 0.31 vs Resistance at 0.75, Short-term Battle Begins!

Current price of $KNC is $0.6793, with a low of $0.3121 and a high rebound to $0.7550 within 24 hours, showing an amplitude of over 140%. Price fluctuations are primarily driven by market sentiment and trading volume, and attention should be paid to key price levels and their impact on future trends.

$0.3121 is an important short-term support level; if the price falls back to this area, it may attract bottom-fishing funds. $0.7550 serves as the current resistance level, and a breakout requires accompanying trading volume. The current price of $0.6793 is in the middle zone, and direction selection depends on changes in market sentiment.

Recently, the overall volatility in the cryptocurrency market has intensified, with KNC being a DeFi sector token affected by the activity level of the ETH ecosystem and the project's own progress.

Short-term traders should pay attention to price performance near $0.6793: if it stabilizes at this price with increased trading volume, they may consider a small long position targeting $0.7550; if it breaks below $0.6793, they should wait for confirmation of support near $0.3121 before making a decision. Long-term holders need to assess the project fundamentals; the current price fluctuations are primarily driven by market sentiment.

The high-risk nature of the cryptocurrency market remains unchanged, and KNC prices may be affected by market volatility and project progress falling short of expectations. It is recommended to strictly control positions and set stop-loss levels at 5%-8% to avoid significant losses due to short-term drastic fluctuations.

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