Market Overview for Kyber Network Crystal v2/Tether

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Jan 12, 2026 3:13 pm ET1min read
KNC
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Aime RobotAime Summary

- KNCUSDT tested key support at 0.2340 amid bearish consolidation, rebounding from 0.2314 without volume confirmation.

- RSI dipped below 30 and MACD histogram narrowed, signaling weakening bearish momentum despite early volatility spikes.

- A bullish engulfing pattern near 0.2370 and Fibonacci 38.2% level suggest potential short-term bounces toward 0.2375-0.2400.

- Volume divergences during breakdowns and range-bound Bollinger Bands highlight uncertain direction, requiring a confirmed breakout above 0.2375 for reversal.

Summary
• Price action suggests bearish continuation with key support tested near 0.2340.
• Momentum wanes as RSI declines and volume fails to confirm bearish breakdowns.
• Volatility expands in early morning, but price remains within a defined range.
• A bullish engulfing pattern appears near 0.2370, suggesting potential for a short-covering bounce.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.2406 on 2026-01-11 at 12:00 ET, reached a high of 0.2406, a low of 0.2314, and closed at 0.2342 on 2026-01-12 at 12:00 ET. Total volume for the 24-hour window was 411,624.0, with a notional turnover of 97,695.34.

Price Structure and Key Levels


KNCUSDT formed a bearish consolidation pattern over the 24-hour period, with price testing key support at 0.2340–0.2360 multiple times. A bearish breakdown to 0.2314 occurred near 13:15 ET but failed to hold, with price rebounding toward 0.2340 by the close. A bullish engulfing pattern emerged near 0.2370–0.2372, suggesting short-term bounces as sellers wane.

Trend and Momentum


Momentum slowed across 5-minute intervals, with RSI dipping below 30 in the early morning, signaling oversold conditions. However, volume failed to confirm the breakdowns, especially around 0.2314. MACD showed a narrowing histogram, reflecting weakening bearish momentum.
Price may test the 0.2370–0.2375 level next, where buyers could step in.

Volatility and Bollinger Bands


Volatility expanded in the early hours as price tested the lower Bollinger band at 0.2314–0.2330. A rebound off this level brought price back toward the midband, suggesting a possible range-bound setup. The 5-minute Bollinger Bands remain relatively wide, indicating heightened uncertainty.

Volume and Turnover Divergences


High volume occurred during the sharp drop to 0.2314 but failed to push price further lower. This divergence suggests weakening conviction in the bearish move. Turnover also showed signs of peaking during the breakdown, with subsequent volume tapering off as price drifted higher toward 0.2340.

Fibonacci Retracements and Projections


The recent bearish swing from 0.2406 to 0.2314 aligns with key Fibonacci levels at 0.2340 (38.2%) and 0.2360 (61.8%). Price is currently near 38.2%, suggesting it could either consolidate or retest the 61.8% level. A break above 0.2375 could target 0.2400, but this is uncertain given the weak volume confirmation.

KNCUSDT may consolidate between 0.2340 and 0.2370 over the next 24 hours, with potential for a short-term rebound. Traders should watch for a breakout above 0.2375 for a bullish reversal signal. As always, the market remains volatile, and rapid reversals are possible without clear volume confirmation.