Market Overview for Kyber (KNCUSDT) – 24-Hour Summary

• Kyber (KNCUSDT) surged from $0.423 to $0.5093 in 24 hours, driven by massive volume and bullish momentum.
• A strong bullish engulfing pattern formed near $0.4608 after a consolidation phase, suggesting a breakout.
• Volatility expanded significantly after 07:00 ET, with Bollinger Bands widening and price pushing above the 20-period MA.
• RSI entered overbought territory, suggesting caution ahead, though volume confirmed the move, reducing divergence risk.
• Key support at $0.4501 and resistance at $0.5217 were tested, with price likely to face near-term profit-taking pressure.

Kyber (KNCUSDT) opened at $0.423 on 2025-07-19 at 12:00 ET and closed at $0.5064 on 2025-07-20 at 12:00 ET, with a high of $0.525 and a low of $0.423. Total 24-hour volume reached 17.1 million KNC, and notional turnover hit $6.9 million, reflecting strong accumulation and distribution activity.

Structure & Formations

The price of Kyber (KNCUSDT) formed a bullish engulfing pattern around $0.4608, confirming a breakout after a consolidation phase between $0.4501 and $0.4608. A key support level at $0.4501 was tested and held, while resistance at $0.5217 was briefly breached before retreating. A doji near $0.4896 at 07:00 ET indicated indecision, but the price quickly resumed its upward trajectory, suggesting strong buying pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both decisively crossed above during the early hours of the morning, signaling a shift into bullish momentum. On the daily chart, the 50-period MA is currently at $0.4590, and the 200-period MA at $0.4350, with price comfortably above both, indicating a medium-term bullish trend.

MACD & RSI

The MACD line crossed above the signal line around 06:00 ET, confirming the bullish momentum. RSI reached overbought levels above 70 after the $0.5093 peak, suggesting that further gains may be limited in the near term unless volume sustains the move. However, the RSI divergence was not confirmed by volume, reducing the likelihood of an immediate reversal.

Bollinger Bands

Volatility expanded significantly after 07:00 ET, with the Bollinger Bands widening from a narrow range to a wide one. Price pushed above the upper band during the morning surge, indicating a strong breakout move. The 20-period standard deviation was at its highest since the beginning of the week, suggesting increased participation from both retail and institutional players.

Volume & Turnover

Volume surged dramatically after 07:00 ET, with the 07:00–08:15 ET session seeing over 4.1 million KNC traded. Notional turnover also spiked, particularly during the $0.4896–$0.5093 rally, confirming the strength of the price action. There were no notable divergences between price and volume, suggesting the move is backed by genuine buying interest.

Fibonacci Retracements

On the 15-minute chart, the price found support at the 61.8% Fibonacci level ($0.4501) before resuming its upward trend. On the daily chart, the 38.2% retracement level at $0.4501 also acted as a key support, while the 61.8% level at $0.5217 was tested but not decisively held. These levels may continue to play a role in the near term.

Kyber (KNCUSDT) appears to have entered a strong bullish phase, supported by both volume and momentum. However, overbought RSI and the recent consolidation suggest a potential pullback may be in the cards. Investors should watch for a break below $0.4501 or a retest of $0.5217 for confirmation of the next move. As always, volatility in the crypto space remains high, and positions should be managed with caution.