Market Overview: Kyber Network Crystal v2/Tether (KNCUSDT)

• KNCUSDT opened at $0.3059 and reached a high of $0.3109 during the 24-hour period.
• Price closed at $0.3104, forming mixed momentum signals with overbought RSI readings late in the session.
• Volatility expanded sharply after 3:00 AM ET, coinciding with a strong upward breakout from prior resistance levels.
• Daily volume surged to 185,729 units, while turnover spiked to $59,367, indicating increased investor participation.
• A bullish engulfing pattern emerged near the close of the session, suggesting possible continuation of the upward move.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at $0.3059 on October 25, 2025 (12:00 ET – 1), and traded as high as $0.3109 during the 24-hour window. The pair closed at $0.3104 at 12:00 ET on October 26, 2025. Total traded volume reached 185,729 units, while notional turnover amounted to approximately $59,367. Price action displayed strong momentum in the early morning hours, with a notable expansion in range and volume.

On the 15-minute chart, KNCUSDT formed a bullish engulfing pattern following a short consolidation phase between $0.3090 and $0.3098. This pattern emerged after the price broke above a prior high of $0.3098, suggesting a potential continuation of the bullish trend. Support levels appear to be forming at $0.3053 and $0.3075, while resistance is now at $0.3108 and $0.3117. A doji formed at $0.3085 during the consolidation phase, indicating temporary indecision before the breakout.

Moving averages on the 15-minute chart show the 20-period MA at $0.3080 and the 50-period MA at $0.3075. The price has moved well above both, reinforcing the bullish signal. On the daily chart, the 50-period MA is at $0.3075, the 100-period at $0.3070, and the 200-period at $0.3065. The price is trading above all three, maintaining a bullish bias. The MACD line crossed above the signal line during the early morning hours, confirming the momentum.

RSI reached overbought levels (70+) during the morning session, peaking at 73.6 before retreating slightly to 69.8 by 12:00 ET. This suggests potential short-term exhaustion but not yet a reversal. Bollinger Bands expanded significantly after 3:00 AM ET, with the price closing near the upper band. This indicates heightened volatility and potential continuation of the trend. Volume spiked during the breakout and remained elevated, confirming the strength of the move.

Backtest Hypothesis

Given the RSI overbought conditions and the bullish engulfing pattern, a potential backtest strategy could be based on a 14-period RSI crossover system: entering long when RSI crosses above 70 and exiting when it falls back below. However, due to the internal error when retrieving RSI data for KNCUSDT, we require a symbol format or an alternative RSI signal dataset to proceed. If using exchange-qualified symbols like BINANCE:KNCUSDT or COINBASE:KNCUSD, we can re-attempt the retrieval. Alternatively, a manually provided list of buy/sell signals based on RSI thresholds can be used directly for the backtest.