Kyber Network Crystal v2/Tether Market Overview

• KNCUSDT surged 24.7% from 0.2942 to 0.3126 amid rising volume and momentum
• Price broke through 0.3000 and 0.3100 key levels, indicating bullish continuation
• RSI-14 approached overbought territory, suggesting potential consolidation
• Volume spiked sharply in the final hours, confirming strength in the rally
• Bollinger Bands widened, showing increased volatility and directional bias

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.2942 on 2025-10-19 at 12:00 ET and closed at 0.3126 at 12:00 ET on 2025-10-20. The 24-hour high was 0.3368 and the low was 0.2886. Total volume reached 12,413,569.04, with a turnover of $3,785,476.80, showing strong accumulation and bullish conviction.

Structure & Formations

The candlestick pattern on the 15-minute chart displayed a series of bullish continuation patterns, including a high-volume bullish breakout above 0.3000. The formation of a bullish flag pattern between 0.3100 and 0.3125 suggested a possible continuation of the upward trend. A notable bullish engulfing candle formed at 0.3125–0.3147, confirming the strength in the recent rally. However, price appears to be approaching potential resistance at 0.3200–0.3250, where previous overbought conditions were observed.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed above key support levels and were running in a bullish alignment. The 50SMA at 0.3065 and 20SMA at 0.3120 acted as strong dynamic support. On the daily timeframe, the 200-day SMA at 0.2800 and 100-day SMA at 0.2870 are well below the current price, indicating a bullish bias over the longer term.

MACD & RSI

The RSI-14 reached 68.4 at the close, nearing overbought territory. This suggests that the rally may pause or consolidate in the near term. The MACD (12,26,9) crossed above the signal line earlier in the session, confirming bullish momentum. However, as RSI approaches 70, the MACD histogram appears to be flattening, hinting that momentum may be slowing.

Backtest Hypothesis

To evaluate the performance of a potential RSI-14-based strategy for KNCUSDT, it is essential to confirm the exchange and precise RSI parameters. Given the recent bullish momentum and multiple overbought conditions observed in the past 24 hours, a backtest using RSI-14 with a threshold of 70 and a 5-day-hold rule could provide valuable insights. For instance, the candle closing at 0.3368 on 2025-10-20 could serve as a valid entry point. However, without confirming the exchange (e.g., Binance) and whether the entry should occur at the open or close, the results could vary significantly. Once these parameters are confirmed, the backtest can be executed from 2022-01-01 to 2025-10-20 to assess the strategy's viability in this volatile pair.