Market Overview for Kyber Network Crystal v2/Tether (KNCUSDT) as of 2025-10-13

• KNCUSDT traded in a 24-hour range of 0.2751–0.2985, closing near intraday high.
• Strong bullish momentum emerged in late hours with RSI above 50 and volume expansion.
• Bollinger Bands showed moderate contraction early, followed by price testing of the upper band.
• MACD crossed above zero mid-day, confirming a potential short-term reversal.
• A failed bearish breakdown below 0.284 rekindled buying interest.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.2753 on 2025-10-12 at 12:00 ET, reached a high of 0.2985, and closed at 0.2908 by 12:00 ET the next day. The 24-hour volume amounted to 2,117,695.8, with a total turnover of approximately 607,193.0 USDT.

Structure & Formations

The 15-minute candles showed a series of bullish engulfing patterns starting from 02:15 ET onward, with a key breakout above the 0.2885 level. A bearish flag formation was observed between 19:00 and 20:30 ET, but failed to hold as buying pressure resumed. The price found initial support at 0.284 and 0.286, with 0.2905–0.2915 forming a key resistance cluster in the late session.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart both trended upward through the day, with the 20-period MA crossing above the 50-period MA around 09:00 ET—a golden cross. On the daily chart, the 50-day MA remained below the 200-day MA, indicating longer-term bearish bias but short-term momentum favoring bulls.

MACD & RSI

The MACD histogram turned positive at 09:00 ET and remained bullish through the close, with the signal line crossing above the MACD line in late trading. The RSI reached 62 by 10:00 ET, indicating overbought territory, but the momentum was sustained by increased volume. A divergence between RSI and price was observed between 19:00–20:30 ET, but the bullish bias prevailed as the price rebounded.

Bollinger Bands

Volatility remained contained between 0.28 and 0.296 for most of the session, but expanded significantly after 07:00 ET as the price tested the upper band. The 20-period Bollinger Bands showed a contraction in early morning trading, followed by a sharp expansion, suggesting potential breakouts. The price closed near the upper band, suggesting a continuation of the upward bias.

Volume & Turnover

Volume spiked multiple times during the day, notably between 07:00–09:00 ET and 13:45–14:45 ET, with the latter being the most intense. Turnover was closely aligned with volume, showing no major divergences. A sharp increase in volume above 80,000 units confirmed the breakout above 0.2905. The final 15-minute candle at 12:00 ET saw a volume of 62,698 units, indicating strong liquidity at the close.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute move from 0.2751 to 0.2985, the 0.382 (0.2893) and 0.618 (0.2956) levels were significant. The price held above the 0.382 level in the final hours, suggesting a possible continuation of the upward trend. On the daily chart, the 0.618 retracement of the previous month’s swing is near 0.288, which is now acting as dynamic support.

Backtest Hypothesis

The recent pattern of bullish engulfing and strong volume support could serve as a foundation for a backtesting strategy. Given the difficulty in retrieving technical-pattern data for the KNCUSDT pair, a validated approach would require using a fully supported symbol format, such as “BINANCE:KNCUSDT.” Once the correct symbol is confirmed, a 3-day-hold strategy based on Bullish-Engulfing patterns can be tested, focusing on entry signals, stop-loss levels, and profit-taking triggers. This approach aligns well with the current price behavior observed in the 15-minute and daily charts.