Market Overview for Kyber Network Crystal v2/Tether (KNCUSDT) – 2025-09-18

• KNC/USDT rose 0.37–0.385, showing bullish momentum with strong volume spikes in afternoon ET.
• RSI hit 58 at peak, indicating mid-range momentum, while Bollinger Bands widened, reflecting increased volatility.
• A bullish engulfing pattern formed post-18:30 ET, confirming a shift from bearish to bullish bias.
• Turnover surged to $570,000 at 18:15 ET, aligning with price break above key resistance at 0.3724.
• MACD crossed into positive territory, signaling increasing bullish energy late in the session.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.3698 at 12:00 ET–1 and traded between 0.3673 and 0.3878, closing at 0.3845 by 12:00 ET. Total volume for the 24-hour period was 2,176,624.8, with a notional turnover of approximately $848,291. Price activity showed a late-day breakout, driven by a strong bullish move after 18:00 ET.

The price action formed a key bullish engulfing pattern at the end of the afternoon session, suggesting a reversal from bearish to bullish momentum. Support appears to be consolidating near the 0.3738–0.3745 level, with resistance forming above 0.3849. The 15-minute 20/50 EMA crossover occurred late in the session, reinforcing the bullish bias. The 50-period EMA is currently above the 200-period EMA on daily charts, indicating a longer-term positive trend.

MACD turned positive late in the session, indicating strengthening bullish momentum. RSI remained in mid-range territory, with no signs of overbought or oversold conditions, suggesting the rally has room to continue. Bollinger Bands widened during the late ET rally, signaling increased volatility and a potential continuation of the upward move. Price has remained above the 20-period EMA for the last three hours, supporting the near-term bullish outlook.

Fibonacci levels suggest a key 61.8% retracement level at 0.3830 could offer short-term resistance before the 0.3849 level. A break above 0.3870 would target the next significant level at 0.3900. Volume remained strong throughout the afternoon and evening, with no signs of price-volume divergence. The most notable volume spike occurred at 18:15 ET, coinciding with a break above the 0.3724 level.