$KNC

/USDT Technical Analysis Report

KNC/USDT is on fire today with a powerful gain of +89.20%, currently trading at $0.6200. This huge move shows strong buying pressure and growing market interest. In the past 24 hours, the price surged as high as $0.7550 and dropped to a low of $0.3150, creating a very wide trading range. This is an excellent opportunity for both short-term traders and breakout hunters.

The trading volume also supports this strong rally. In just 24 hours, KNC recorded a massive 163.81 million KNC volume with a $97.02 million USDT volume. Such high volume often confirms that the current trend is backed by strong demand and market confidence.

Looking into the depth chart, we can see a strong resistance zone around $0.7550 to $0.7770, where sellers may take profits. If KNC can break above this range with solid volume, it could trigger another bullish run. On the support side, key levels to watch are $0.5834, $0.4866, and the strong base at $0.3150.

Right now, $0.6200 is the pivot level. If KNC stays above it, the uptrend remains active. But a drop below $0.5834 may cause a correction or profit booking, so traders must use proper risk management.

This recent rally shows strong bullish energy, possibly driven by market news or fresh investor interest. The wide price movement and strong volumes indicate high volatility, making this pair attractive for day traders and swing traders looking for big moves.

Conclusion:

KNC/USDT has shown an explosive breakout with almost 90% growth in a single day. With strong volume, wide price action, and bullish structure, this pair looks very promising. Watch the key resistance at $0.7550-$0.7770 for breakout continuation. Support levels at $0.5834 and $0.4866 are important to hold. Traders should stay alert and ready, as KNC could offer more exciting moves in the short term.