KNC Token Surges 20% as Trading Volume Soars and Technical Breakout Fuels Bullish Momentum

KNCUSDT has experienced a significant price increase in the last 24 hours, with the current price on Binance at $0.5188, up 20.71% from the 24h open of $0.4298. This sharp upward movement is attributed to a notable surge in trading volume and a technical breakout above key resistance levels, as observed in recent social media activity. The recovery of short and mid-term moving averages further supports the bullish momentum. Recent news highlights ongoing developments in Kyber Network’s role in decentralized finance, while previous market pressures, such as the delisting of KNC coin-margined perpetual contracts in May 2024 and a broader altcoin downturn in June, had contributed to earlier price declines. Currently, KNCUSDT is trading with elevated volume and volatility, with the price range over the last 24 hours spanning approximately $0.4222 to $0.4800 across various sources, and a circulating supply of about 187.45 million KNC.