Kyber Network Crystal v2/Tether Market Overview

• Price opened at 0.316 and closed near 0.3372, with a 24-hour high of 0.339 and low of 0.3159.
• Momentum shifted from bearish to bullish, with RSI peaking above 70 during the afternoon and retreating.
• Volatility expanded significantly in the late morning, coinciding with a volume spike.
• A key resistance cluster forms near 0.335–0.3365, with a breakout into 0.338+ indicating strong follow-through.
• Volume and turnover aligned during the late AM–early PM, suggesting a liquid, trend-following move.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.316 on 2025-10-01 at 12:00 ET−1 and closed near 0.3372 at 12:00 ET today. The 24-hour high reached 0.339, while the low fell to 0.3159. Total volume across the 24-hour period stood at ~1.17M, with turnover amounting to approximately 380K USD.

Structure & Formations

Price broke through a key horizontal resistance cluster between 0.325–0.326, followed by a bullish continuation into the 0.335–0.3365 zone. A strong green candle on the 15-minute chart at 08:45 AM ET—reaching a high of 0.3362—served as a breakout confirmation. A series of higher highs and higher lows from 06:00 to 09:45 ET suggests strong buying pressure. Several bullish engulfing patterns appeared in the 07:00–08:45 ET window, while a bearish harami formed near 03:15 ET as a minor countertrend sign. Key support levels appear near 0.3245–0.325 and 0.3225, with 0.3159 acting as a short-term floor.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA around 06:00 ET, confirming a bullish crossover. The 50-period MA accelerated upward through the 0.325–0.326 range, reinforcing the strength of the breakout. Daily moving averages (50/100/200) showed a more neutral setup but started to align with the short-term bullish trend, particularly after the 0.3355 close.

MACD & RSI

The MACD turned bullish around 07:00 ET, with a positive histogram indicating strengthening momentum. RSI pushed above 70 during the afternoon peak, signaling overbought conditions, but failed to form divergences that would suggest a reversal. The RSI pullback into the mid-50s by the close suggests a consolidation phase. MACD remains above the zero line, indicating an ongoing trend.

Bollinger Bands

Volatility expanded significantly during the late morning as price moved from within the Bollinger Bands into a 2σ extension. By 08:45 ET, price closed near the upper band, confirming a breakout. Afternoon trading saw a contraction in the bands, suggesting reduced volatility and potential for a pause or continuation. Price has spent most of the session above the middle band, aligning with the bullish bias.

Volume & Turnover

Volume surged in the 08:30–09:30 ET window, reaching a peak of ~388k, coinciding with the 0.3362 high. Turnover also increased in line with price, with no signs of divergence. The highest notional turnover occurred during the 08:45–09:00 ET period, aligning with the breakout. A minor volume contraction was observed during the 14:00–15:00 ET consolidation, suggesting a possible pullback phase.

Fibonacci Retracements

The 0.3159–0.339 swing shows a 61.8% retracement at ~0.328, which was briefly tested but held as support. The 38.2% retracement level at ~0.3335 became a minor resistance before the price continued higher. On the daily chart, the 61.8% retracement of the prior downtrend aligns with the 0.325–0.326 cluster, which appears to be holding as support. Further upward progress could aim for the 0.341–0.345 zone.

Backtest Hypothesis

A backtest strategy using the 20/50-period moving average crossover on the 15-minute chart, combined with RSI filtering for overbought conditions (RSI > 70), and confirming with a bullish engulfing pattern, appears to align with the current price dynamics. The recent crossover and engulfing patterns at 07:00–08:45 ET would have triggered a long signal, with the breakout above 0.3355 serving as a confirmation. A stop-loss could be placed just below the 0.325 level, while a target might be set at the 0.341–0.345 Fibonacci extension. This approach would aim to capture a strong trend move while managing risk during potential pullbacks.