Kyber Network Crystal v2 Market Overview

• KNC/USDT consolidates near 0.2893, with a 0.2858–0.2929 range showing moderate volatility.
• A bullish reversal attempt emerged late in the session, fueled by a volume spike on the 19:45–20:00 candle.
• RSI neutrality and contracting Bollinger Bands suggest a potential breakout or consolidation continuation.
• Divergence between price and volume hints at possible indecision among traders.
• The 61.8% Fib level at 0.2901 may offer short-term resistance if bullish momentum holds.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.2902 on 2025-11-01 at 12:00 ET and closed at 0.2933 the same time the next day, reaching a high of 0.2943 and a low of 0.2858. The pair traded with a total volume of 603,726.6 KNC and a turnover of approximately $173,627.03 (based on 0.2933 average closing price).

The 15-minute chart shows a consolidation phase in the early part of the session, followed by a strong bullish move from 19:45 to 20:00, where the price surged from 0.2879 to 0.2908, supported by a volume spike of 103,869.9 KNC. This candlestick may form a potential bullish reversal pattern. A key support level appears at 0.2891, while resistance forms near 0.2929, with a secondary level at 0.2936.

The 20-period and 50-period moving averages on the 15-minute chart are aligned with the price, suggesting no strong directional bias at this time. The MACD line is approaching the signal line from below, hinting at possible bullish momentum. RSI remains in neutral territory around 54, indicating neither overbought nor oversold conditions. Bollinger Bands are currently contracting, signaling potential volatility ahead.

The volume profile shows two notable spikes: one on the 19:45–20:00 candle and another on the 23:30–23:45 candle, both aligning with key price pivots. Turnover and volume appear to be confirming the price movement rather than diverging, suggesting market participants are broadly aligned in the short term. Fibonacci retracement levels applied to the recent 0.2858–0.2943 swing indicate key levels at 0.2887 (23.6%), 0.2901 (38.2%), and 0.2917 (50%), with 0.2924 (61.8%) and 0.2936 (78.6%) as potential resistance.

The RSI and MACD indicators on the 15-minute chart are forming a bullish divergence with the price, particularly after the 19:45–20:00 candle, where the price surged to 0.2908 on high volume. This divergence may indicate a potential reversal or continuation of the upward trend if buyers manage to hold above the 0.2924–0.2933 range. Bollinger Bands are tightening around the 0.2901–0.2933 band, suggesting a breakout may be imminent. The 0.2901 level is a critical Fib level and could act as a psychological pivot point in the next 24 hours.

Backtest Hypothesis

Given the bullish divergence on the RSI and MACD, and the high-volume bullish candle on 19:45–20:00, a backtesting strategy might consider long entries above the 0.2924–0.2933 Fib resistance level, with a stop below 0.2901. This approach would align with the observed consolidation and reversal attempt, particularly if the market continues to absorb resistance at these levels. However, without historical data or a direct source for Bullish Engulfing patterns, a robust backtest cannot be fully executed at this time. Should the reader prefer, supplying a JSON or CSV of KNCUSDT OHLC data or confirming Bullish Engulfing dates would allow for deeper testing of this hypothesis.