Kyber Network Crystal v2 Market Overview: KNCUSDT 24-Hour Analysis

• KNCUSDT fell sharply in early ET hours before stabilizing with a late-day rebound.
• A major bearish breakdown below 0.3200 occurred before a bullish reversal emerged in the final 6 hours.
• RSI and MACD signaled oversold conditions toward the close, hinting at potential short-term buying interest.
• Volatility increased mid-day, with a 2.3% swing between the 15:00 and 19:00 ET lows and subsequent rally.
• Volume spiked during the 16:30–17:30 ET selloff, confirming bearish sentiment before a late-volume driven rally.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at $0.3277 on 2025-09-25 at 12:00 ET and closed at $0.3265 on 2025-09-26 at 12:00 ET, after reaching a high of $0.3288 and a low of $0.3155. Total volume across the 24-hour period was 684,463.4, with a notional turnover of $221,192.48.

Structure & Formations

Price action displayed a classic bearish breakdown and consolidation pattern, followed by a potential bullish reversal. A key support level at 0.3185 was tested multiple times, with a final rejection near the 24-hour close. A morning doji around 0.3212 suggested indecision, while a late-day bullish engulfing pattern at 0.3260–0.3270 signaled potential short-term strength. The 0.3230–0.3250 range appears to be consolidating as a new support cluster.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line, signaling bearish momentum early in the session. However, by the late hours, the 20 MA reapproached and crossed back above the 50 MA, hinting at a possible recovery. Daily moving averages (50, 100, 200) are currently aligned lower, indicating a broader bearish trend over the past few days.

MACD & RSI

The MACD line turned positive in the final 6 hours, while the signal line remained slightly bearish, indicating potential momentum divergence. RSI fell into oversold territory below 30 before the final hours and crossed back above 50 toward the close, suggesting a short-term bullish bias. However, RSI remains within moderate levels, lacking a strong overbought signal that might indicate a larger reversal.

Bollinger Bands

Volatility was notably wide during the selloff, with prices testing the lower band around 0.3185. As the day progressed, the bands began to contract, signaling a potential consolidation phase. By the final hours, price action remained within the bands, with no sign of a breakout forming. This suggests a potential range-bound pattern developing, with 0.3240–0.3260 as the new range.

Volume & Turnover

Volume spiked during the selloff in the 16:30–17:30 ET window, with a turnover surge to $8,700. This confirmed the bearish move. In contrast, volume during the final hours of the session showed a moderate increase, with turnover rising to around $11,000, suggesting some accumulation. The divergence between volume and price during the morning consolidation indicated weak conviction in the bearish move.

Fibonacci Retracements

Applying Fibonacci retracements to the major 15-minute swing from 0.3277 to 0.3155 shows key levels at 0.3200 (38.2%) and 0.3185 (61.8%). Price found significant support at 0.3185 and then bounced toward the 0.3240–0.3260 cluster. Daily Fibonacci levels show 0.3250 (38.2%) as the next potential resistance if the short-term bullish trend continues.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions near the 61.8% Fibonacci level (0.3185) with a stop loss just below 0.3160 and a take-profit at 0.3250–0.3260. This aligns with the observed bullish engulfing pattern and RSI divergence. Additionally, a short-term exit at the 0.3240 level could be considered to capture near-term consolidation. The strategy would benefit from confirmation via a bullish MACD crossover and a retest of the 0.3230 support level.