Kyber Network Crystal v2/Tether USDt Market Overview

• KNCUSDT traded in a tight range early before forming a strong bullish reversal pattern near 0.3710.
• A 5.5% recovery from the intraday low was fueled by increasing buying pressure after 0.3740.
• Volume surged to 350,000 units in a key bearish rejection candle near 0.3777, highlighting short-term resistance.
• RSI and MACD show diverging signals, suggesting a possible pause in the current momentum.
• Volatility remains constrained within a Bollinger Band width of 1.3%, indicating potential for a breakout.

Kyber Network Crystal v2/Tether USDt (KNCUSDT) opened at 0.3761 on 2025-09-10 at 16:00 ET, reached a high of 0.3812, and settled at 0.3749 by 12:00 ET on 2025-09-11. The 24-hour period recorded a total volume of 350,309.5 units and a notional turnover of $130,638.55. Price action suggests a consolidation phase following a brief but decisive rebound from support near 0.3709.

Structure & Formations

The 24-hour candlestick pattern on KNCUSDT exhibits a bullish consolidation after a bearish reversal near 0.3710. A strong rejection candle with wick near 0.3777 highlights a key resistance level. A bearish engulfing pattern formed around 0.3771 at 03:30 ET before buyers retook control. A series of higher lows from 0.3740 to 0.3781 suggests a possible shift in sentiment. A key 38.2% Fibonacci retracement level from 0.3709 to 0.3781 sits at 0.3748, currently containing price. A doji formed at 0.3770 at 06:15 ET, signaling indecision.

Moving Averages

On the 15-minute chart, price moved above the 20-period MA (0.3759) and the 50-period MA (0.3755), indicating a potential short-term bullish bias. Daily timeframes show price below the 50-period and 200-period MAs, confirming a bearish trend in the broader context. A crossover of the 20-period MA above the 50-period MA may signal an early entry for short-term buyers.

MACD & RSI

The 15-minute MACD turned positive with a histogram expansion after 05:30 ET, reflecting growing bullish momentum. RSI oscillated between 33 and 60, suggesting neither overbought nor oversold conditions. A bearish divergence appeared between price and RSI at 09:15 ET as price rose while RSI declined. This implies caution for near-term continuation of the rally.

Bollinger Bands

Volatility remained relatively compressed with a Bollinger Band width of 1.3%. Price has spent most of the 24-hour period within the 1σ range. A potential break above 0.3784 could trigger a widening of the bands and a move toward 0.3796–0.3803. A break below 0.3740 could test the lower boundary and lead to further consolidation near 0.3729.

Volume & Turnover

Volume spiked to 350,309.5 units during the 12:45 ET candle, coinciding with a bearish rejection at 0.3777. This suggests strong resistance at that level. Notional turnover increased alongside price action, indicating real buying and selling pressure. A divergence between rising price and falling volume after 09:15 ET may signal waning conviction in the rally.

Fibonacci Retracements

Applying Fibonacci levels to the 0.3709–0.3781 range, the 38.2% level (0.3748) and the 50% level (0.3745) were tested twice during the day. Price found support at 0.3740 and 0.3741, suggesting that buyers are becoming more active in the 0.3740–0.3750 zone. A move above 0.3783 could target the 61.8% retracement at 0.3785, with a potential extension at 0.3791.

Backtest Hypothesis

Given the presence of key resistance at 0.3777 and support at 0.3740, a potential backtesting strategy could involve entering long at the 38.2% Fibonacci level (0.3748) with a stop loss below 0.3739 and a target at 0.3783–0.3791. This approach would align with the observed bullish reversal patterns and the positive divergence in the MACD. Alternatively, shorting above 0.3777 with a target at 0.3755 and a stop above 0.3785 could capitalize on the bearish rejection candle. Both strategies benefit from the consolidation phase and the likelihood of a breakout either above or below the defined range.