Kyber Network Crystal v2/Tether Market Overview

Summary
• KNCUSDT traded in a 0.2684–0.2855 range with a 24-hour close at 0.2746.
• Strong volume spikes and mixed momentum suggest indecision and potential reversal.
• Price consolidation within 0.274–0.278 key range raises chances of near-term breakout.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.2740 on 2025-11-03 at 12:00 ET, reached a high of 0.2855, and closed at 0.2746 as of 12:00 ET on 2025-11-04. The total trading volume over the past 24 hours was 1,154,478.8 KNC, while notional turnover amounted to approximately 312,309 USDT. The price action shows a moderate bearish trend but lacks strong conviction.

Structure & Formations

The 24-hour OHLCV data reveals a key support level around 0.2720 and a resistance at 0.2785–0.2805. A notable engulfing pattern appears at 0.2703, suggesting a short-term reversal. A doji at 0.2799 further indicates indecision and possible price consolidation. Traders should watch these levels for potential breakout or breakdown signals.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near 0.2760–0.2770, indicating mixed momentum. On the daily timeframe, the 50- and 200-day moving averages suggest a longer-term bearish bias, with the price hovering below the 200-day MA. The 100-day MA is near 0.2775, offering further resistance in the near term.

MACD & RSI

The MACD line crossed below the signal line near 0.2750, signaling bearish momentum. RSI fluctuated between overbought (70+) and oversold (30–) levels during the past 24 hours, suggesting volatile but unconfirmed momentum. RSI currently sits at 50–55, indicating a neutral zone with no strong directional bias.

Bollinger Bands

Volatility was relatively wide, with the Bollinger Bands spanning from 0.2684 (lower band) to 0.2855 (upper band). Price has oscillated between these levels, with most candles consolidating around the middle band. A sustained close above the upper band could indicate a breakout, while a drop below the lower band may confirm bearish continuation.

Volume & Turnover

Volume spiked to 395,186.6 KNC at 0.2804 and again to 100,285 KNC at 0.2785–0.2799, showing strong interest at those levels. Notional turnover increased during these spikes, confirming price movement. However, a divergence appears between volume and price at 0.2760–0.2770, suggesting caution in interpreting bullish signals in that range.

Fibonacci Retracements

Applying Fibonacci levels to the 0.2684–0.2855 swing, the 38.2% retracement is at 0.2769 and the 61.8% at 0.2736. The price currently hovers near 0.2746, suggesting a potential pullback or consolidation phase. A break below 0.2736 may target 0.2721, the next Fibonacci level, while a rally above 0.2769 could challenge 0.2805.

Backtest Hypothesis

Given the mixed momentum and key support/resistance levels identified in the 15-minute and daily charts, a backtest strategy could be built around RSI overbought/oversold thresholds and Fibonacci retracements. For example, using RSI(14) overbought above 70 as a sell signal and below 30 as a buy signal could align with observed price behavior. A backtest on KNCUSDT from 2022-01-01 to 2025-11-04 would help quantify the effectiveness of this strategy in capturing short-term reversals and trend continuation signals.