Kyber Network Crystal v2/Tether Market Overview

• KNCUSDT rose from 0.326 to 0.3345, forming bullish momentum with high volume around key resistance levels.
• The 15-min RSI edged into overbought territory while price held above the 20-period MA, suggesting bullish exhaustion may be near.
• Volatility expanded after 21:00 ET with price breaking 0.3326–0.3345, coinciding with a 30% increase in turnover.
• Bollinger Bands widened, and price remained above the upper band during peak volume hours, hinting at continuation potential.
• A potential short-term correction is expected as the 0.332–0.3317 level may provide near-term support.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.326 on 2025-09-26 12:00 ET and closed at 0.3345 by 2025-09-27 12:00 ET, with a high of 0.3347 and low of 0.326. Total volume was 598,423.1, and turnover reached $191,838.79 over 24 hours.

Structure & Formations

The 15-minute chart revealed a bullish continuation pattern. A key support level formed around 0.3317–0.3322, which the price tested multiple times and rebounded from. A bullish engulfing pattern emerged around 0.332–0.3327 at 05:15 ET, followed by a pin bar at 0.3343–0.3336 at 14:45 ET, suggesting consolidation after a sharp rally. A minor bearish divergence formed after 08:15 ET, but volume failed to confirm the sell-off, signaling buyers remained in control.

Moving Averages

The price spent most of the 24-hour period above the 20-period and 50-period moving averages on the 15-minute chart, confirming a short-term bullish bias. On the daily chart, KNCUSDT closed above the 50-period MA but below the 200-period, indicating intermediate-term indecision. The 50-period MA at ~0.330 and 200-period MA at ~0.328 are key support levels to watch for a potential pullback.

MACD & RSI

The MACD histogram showed a steady expansion in the bullish territory after 19:00 ET, confirming the rising momentum. The RSI edged above 65 at 13:30 ET, signaling overbought conditions, though buyers kept pushing the price higher into the close. The RSI divergence observed after 08:15 ET was weak and failed to validate bearish pressure. Momentum appears to be losing steam as the RSI flattened in overbought territory.

Bollinger Bands

Bollinger Bands expanded significantly after 21:00 ET as volatility increased, with the price reaching the upper band at 0.3347. The lower band hovered around 0.3303, and the price remained well above it for most of the session. The widening of the bands suggests a potential continuation of the current trend, though a retest of the lower band could trigger a retracement toward 0.332–0.3317.

Volume & Turnover

Volume spiked sharply after 21:00 ET as the price broke above 0.3326–0.3345, with turnover surging by 30% compared to the prior 24 hours. This surge in volume and turnover confirmed the bullish breakout. Conversely, during the minor pullback at 08:15 ET, volume was low, which weakens the bearish signal. The high volume-to-price alignment supports the recent rally and indicates strong institutional involvement.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from 0.326 to 0.3345, the 61.8% level sits at ~0.3318, which coincided with a key support zone. The 38.2% level at ~0.3332 was tested and held during the consolidation phase. On the daily chart, the 61.8% retracement of the broader move sits at ~0.330–0.329, aligning with a potential support level for the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy could involve a breakout trade setup where a long position is triggered when the price closes above the 0.3326–0.3345 range on strong volume, confirmed by a bullish engulfing pattern. Stops could be placed just below the 0.3317–0.3313 support level, with a target at the 0.3347 high or the 61.8% Fibonacci extension at ~0.3365. The strategy would be re-evaluated if the RSI fails to maintain above 50 or if volume contracts after a pullback.