KNCUSDT Breaks Key Support Amid Surging Volume at 03:00 ET

Summary
• Price opened at 0.14 and closed at 0.1355, forming a bearish trend with strong downward momentum.
• A significant volume spike occurred around 03:00 ET, coinciding with a sharp price drop.
• RSI signaled overbought conditions early, followed by a sharp sell-off into oversold territory.
• Bollinger Bands showed a wide expansion during the sell-off, indicating high volatility.
• A 58.6% Fibonacci retracement aligned with the low near 0.1355, suggesting temporary support.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.14 on 2026-03-17 12:00 ET, reached a high of 0.1421, and closed at 0.1355 by 12:00 ET on 2026-03-18. Total traded volume was 1,917,405.8 KNC, with a notional turnover of $266,520.97.

The 24-hour chart for KNCUSDT shows a sharp bearish reversal, beginning with a modest bullish push in the early hours before a sustained sell-off. Price dropped through key levels, reaching a 24-hour low of 0.1355. The 5-minute OHLCV data reveals a strong volume-driven breakdown around 03:00 ET, where volume spiked to over 1.1 million KNC. A large bearish engulfing pattern formed as prices moved from 0.1407 to 0.1392 in a single candle, signaling growing bearish sentiment.

Structure and Key Levels

KNCUSDT broke below a prior support level of 0.1395, reaching 0.1355. A bearish trend is reinforced by a key 58.6% Fibonacci retracement acting as a short-term support. A doji near 0.1359 suggests temporary indecision.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA, confirming bearish momentum. On the daily chart, the price closed below the 50, 100, and 200-day MAs, reinforcing a deeper bearish bias.

Momentum and RSI

The RSI spiked above 65 early in the session, indicating overbought conditions, before dropping sharply into oversold territory below 30. The MACD line crossed below the signal line, with a negative histogram, reinforcing bearish momentum.

Volatility and Bollinger Bands

Volatility expanded significantly during the sell-off, with the 5-minute Bollinger Bands widening and the price closing near the lower band. This suggests heightened bearish pressure.

Volume and Turnover

Volume surged during the sharp drop, with the 03:00 ET candle showing over 1.1 million KNC traded, a clear sign of distribution. Turnover also spiked, suggesting strong participation during the selloff.

Price could test the 0.1347 level as the next support target in the coming 24 hours. However, caution is advised as bearish momentum could face short-term stabilizing forces near key Fibonacci levels.