Kyber Network Prediction for Today, July 13: KNC/USD Targets $0.70 Resistance

Updated: 13 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The Kyber Network price prediction keeps recovering from the low of $328 level as the price remains within the short-term bullish trend.

Kyber Network Prediction Statistics Data:

Kyber Network price now – $0.63
Kyber Network market cap – $108.7 billion
Kyber Network circulating supply – 170.7 Million
Kyber Network total supply – 227.8 Million
Kyber Network Coinmarketcap ranking – #187

KNC/USD Market

Key Levels:

Resistance levels: $0.80, $0.85, $0.90

Support levels: $0.45, $0.40, $0.35

Kyber Network Prediction for Today, July 13: KNC/USD Targets $0.70 Resistance — KNCUSD – Daily Chart

KNC/USD is in the hands of the bulls as the coin trades above the 9-day and 21-day moving averages. However, due to the current bullish movement, the coin may soon cross above the upper boundary of the channel. The technical indicator Relative Strength Index (14) is moving to cross into the overbought region with the signal line pointing to the north for more bullish signals.

Kyber Network Prediction: KNC/USD May Create Additional Gains

Looking at the daily chart, the Kyber Network price is ready to break more upsides as the 9-day moving average remains above the 21-day moving average. However, the more the bulls pressurized the bears, the higher the coin would reach. Therefore, if the bulls maintain the upward trend, KNC/USD may continue with the bullish movement which could take the coin to the resistance levels of $0.80, $0.85, and $0.90 respectively.

On the contrary, any strong selling pressure may bring the price below the moving averages if the bears step back into the market, and should KNC trade below the daily opening price of $0.58, a bearish movement could take the price to the supports at $0.45, $0.40, and $0.35

Against Bitcoin, the Kyber Network is likely to cross above the upper boundary of the channel as the bulls increase their entries into the market. At the time of writing, KNC is currently moving to create more uptrends as it trades at 2098 SAT. If the Kyber Network signals a more bullish rally, it could meet resistance at 2400 SAT and above.

However, the market may likely continue the upward movement if the technical indicator Relative Strength Index (14) moves into the overbought region. Meanwhile, if the coin drops and face the lower boundary of the channel, it could find support at 1700 SAT and below.

Alternatives to Kyber Network

The Kyber Network (KNC) is trading above the 9-day and 21-day moving averages. However, due to the current bullish movement, the coin is likely to cross above the upper boundary of the channel and the more the bulls pressurized the bears, the higher the coin would reach.

On that note, Wall Street Memes could be the next token to skyrocket, since launching its presale, the new meme coin project has raised more than $13 million and attracted attention from some of the biggest names in crypto.

New OKX Listing - Wall Street Memes

Rating