🔍 A quick overview of $KNC :
Name: Kyber Network Crystal
Token: KNC
Type: DeFi project that enables direct currency exchanges via smart contracts (on-chain liquidity).
Supported networks: Ethereum, Polygon, Arbitrum, and others.
Usage: Used as a governance and rewards token in the KyberSwap protocol.
📉 Current Price (July 12, 2025):
> ✅ Current Price: Around $0.52
✅ Market Cap: Around $100 million
✅ Daily Volume: Around $8–10 million
✅ All-Time High: ~$6 (in 2021)
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📈 Quick Technical Analysis (KNC/USDT):
Status Indicator
The general trend is down from the 2021 high
Strong Support: $0.47–$0.50
Nearby Resistance: $0.58–$0.62
RSI is near oversold
Moving Averages below the MA50 and MA200, which is currently negative
🔸 When is a strong long opportunity?
If the price breaks the $0.62 level with a steady breakout and high volume.
Or if it successfully retests the $0.48 area with a bullish engulfing candlestick or pin bar.
🔹 When is a short opportunity?
If the price fails to surpass $0.58 and begins to form a lower high.
Especially if Bitcoin returns below $58,000.
🧠 My Technical Opinion:
Short-term: The coin is trading in a narrow range and could see a slight rise to $0.60–$0.65 if the market stabilizes.
Long-term: If the DeFi market returns, KNC could return to the $1.5–$2 levels.