Market Overview for Kyber Network Crystal v2/Tether (KNCUSDT) — 2025-10-11

• Price dropped sharply to 0.2634 from 0.3212 in 24 hours, indicating bearish momentum.
• RSI and MACD suggest oversold conditions at 0.264–0.266.
• Volatility spiked during the sell-off but has normalized near current levels.
• Key support appears near 0.256–0.258; break below risks further decline.
• Volume surged during the sharp drop but has moderated in recent sessions.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.3188 at 12:00 ET − 1 and fell to 0.2634 by 12:00 ET, with a high of 0.3212 and a low of 0.226. Total 24-hour volume reached 28,429,480.0 and turnover was 6,752,143.36 USDT. The price has moved into a consolidation phase after a sharp correction.

Structure & Formations

Price action reveals a bearish breakdown from the 0.32–0.3188 range into a new support zone at 0.256–0.258. Notable patterns include a bearish engulfing candle at 0.312–0.2451 and a long bearish shadow during the 21:00–22:00 ET drop. A series of doji candles at 0.260–0.261 suggest indecision and potential reversal.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart show a strong downward bias, with the 20 MA crossing below the 50 MA during the sharp drop. On the daily chart, the 50-period MA remains above the 100 and 200-period MAs, indicating a broader bearish trend.

MACD & RSI

The MACD line crossed below the signal line during the initial sell-off, confirming bearish momentum. The RSI has entered oversold territory, hovering near 30, suggesting potential for a short-term rebound.

The Bollinger Bands have widened during the drop but have narrowed recently as price consolidates around the lower band. This narrowing could precede a breakout or continuation, depending on volume action.

Volume & Turnover

Volume surged during the sharp drop into the 0.226 low, with over 1.1 million KNC traded in one 15-minute interval. However, volume has since decreased, suggesting a waning bearish bias. Turnover is consistent with volume and does not show signs of divergence from price.

Fibonacci Retracements

Key Fibonacci levels from the 0.3212 high to the 0.226 low include 0.2696 (23.6%), 0.2605 (38.2%), and 0.254 (61.8%). Price has consolidated near the 38.2% level and may test the 23.6% level next.

Backtest Hypothesis

A backtest strategy could be built around the 38.2% Fibonacci retracement level (0.2605) and the RSI in oversold territory. A long signal could be triggered on a close above 0.2605 with RSI above 40. A short signal could be considered on a break below 0.256 with increasing volume. Given the current consolidation and bearish bias, traders may prefer a short-biased approach with tight stop-losses.