Market Overview for Kyber (KNCUSDT)

• Kyber (KNCUSDT) traded in a 24-hour range of $0.3628–$0.3829, closing near the upper end at $0.3801.
• A sharp sell-off occurred around 19:30 ET, driving the price down to $0.3723, forming a bearish engulfing pattern.
• Volatility and volume surged during the decline, but recent buying capped further downside near $0.3695–$0.3705.
• RSI signaled oversold conditions after the drop, but bullish momentum has not yet followed through.
• A 20-period EMA on the 15-minute chart shows price has been above it for most of the day, suggesting short-term bullish bias.

Price Behavior and Structure

Kyber opened at $0.3879 on 12:00 ET–1 and reached a high of $0.3896 shortly afterward. A bearish reversal began around 19:30 ET, with a large candle closing at $0.3723—a bearish engulfing pattern. Price found a shallow floor between $0.3695–$0.3705, where volume and turnover increased, suggesting temporary support. The 15-minute chart shows a bullish bias after 05:00 ET, with a retest of the 20-period EMA failing to break it, indicating potential consolidation.

Moving Averages and Momentum

On the 15-minute timeframe, KNCUSDT has hovered above the 20-period EMA for much of the day, but the 50-period EMA has remained above the current price, indicating a mixed bias. The MACD line crossed below the signal line in the early afternoon but has since shown some divergence, with the MACD histogram expanding while price continued lower. RSI dipped into oversold territory after the 19:30 ET selloff but failed to trigger a strong reversal. This suggests buyers are cautious and may re-enter the market only on further pullbacks.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly during the afternoon sell-off, with price dropping to the lower band at $0.3723. Since then, volatility has contracted and price has remained within the channel, suggesting a potential pause in directional momentum. The current price of $0.3801 is closer to the upper band, indicating a potential overbought bias, though the move is more corrective than explosive.

Volume and Turnover Analysis

Volume spiked during the 19:30–20:45 ET window, with a total notional turnover of $1,273,626. A divergence occurred between falling price and rising volume during the drop, signaling strong selling pressure. However, recent volume has been more balanced, with buying volume increasing as the price recovered. The largest volume bar occurred at 20:15 ET with a turnover of $268,483, reflecting aggressive selling in that hour.

Fibonacci Retracements

Applying Fibonacci to the 19:30–00:00 ET swing shows key levels at 0.3745 (38.2%) and 0.3764 (61.8%). Price found a shallow bounce near $0.3701–$0.3705, slightly below the 38.2% level, but buyers stepped in to prevent a further breakdown. On the daily chart, a retracement from the recent high to $0.363–0.367 appears to be a critical zone for near-term support. A break below this may target $0.3580, based on recent weekly volatility.

KNCUSDT appears to be consolidating in a tight range ahead of potential follow-through from recent buyers. A breakout above $0.3827 could signal renewed bullish momentum, but a retest of $0.3705–$0.3723 remains a key risk for the next 24 hours. Investors should remain cautious as volume and momentum indicators have not fully aligned yet.