KNC Dips 10.64% in 24 Hours Amid Sharp Downtrend and Liquidity Concerns

On SEP 3 2025, KNC dropped by 10.64% within 24 hours to reach $0.3673, with the broader trend showing a 92.35% decline over 7 days, a 195.82% drop over 30 days, and a staggering 2899.02% decline year-to-date. The token has experienced a sustained and aggressive sell-off, raising questions about the sustainability of its current price level and the structural factors behind the prolonged bearish momentum.

KNC’s recent performance has been influenced by a combination of weak on-chain activity and a lack of significant project developments. While the protocol had previously signaled improvements in governance and token utility, recent on-chain metrics show reduced wallet activity and low inflows into major exchanges. This suggests that the recent selloff may not be driven by a single event but rather by a broader lack of confidence among holders and traders.

The technical chart for KNC reflects a clear breakdown from key resistance levels and a failure to recover above critical moving averages. The RSI indicator is in deep oversold territory, yet the price continues to trend downward, indicating a lack of immediate buying interest. The MACD line has also crossed below its signal line, reinforcing bearish momentum. These indicators, while typically used to signal potential short-term reversals, are currently aligning with a prolonged downtrend.