Token $KNC — short squeeze still possible 💡 Technical scenario 👇
After a strong impulsive breakout, price is currently consolidating above the key moving averages. The structure remains bullish as the market holds above the recent breakout zone and continues forming higher intraday lows.
📊 Technical overview The sharp move up triggered a wave of short liquidations, but positioning still suggests that another squeeze attempt is possible. Price is stabilizing above the EMA cluster, which now acts as dynamic support. RSI remains elevated around the mid-60s, indicating sustained bullish momentum rather than exhaustion. If buyers maintain control above the current consolidation range, the market could attempt another push toward the recent highs to hunt remaining short liquidity. ⚡ What to watch • Holding above the 0.168–0.170 support zone • RSI staying above 60 • Increasing volume on the next breakout attempt 📌 Conclusion As long as price holds above the moving averages, another short squeeze toward the recent high remains a realistic scenario. #knc #kncusdt
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