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

Summary
• KNCUSDT opened at $0.2816, peaked at $0.3105, and closed at $0.3105 within a 24-hour span.
• Volatility and momentum increased significantly after 20:00 ET with a sharp price surge.
• The total volume reached 2,541,857.0, and turnover was $757,258.78.
• Notable support levels at $0.2890–$0.2900 and resistance near $0.3020–$0.3060 were tested.
• A bullish engulfing pattern formed after a 5-hour consolidation.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at $0.2816 on 2025-11-06 at 12:00 ET and closed at $0.3105 on 2025-11-07 at 12:00 ET, hitting a high of $0.3105 and a low of $0.2810 during the 24-hour window. Total volume amounted to 2,541,857.0 with a notional turnover of $757,258.78, reflecting heightened activity in the late hours of the session.

Structure & Formations

Price action on KNCUSDT showed a clear trend shift after a 5-hour consolidation phase between 17:00 ET and 22:00 ET. During this period, price remained compressed between $0.2875–$0.2905. A bullish breakout followed with a strong move up to $0.3105, forming a bullish engulfing pattern between 16:45 and 17:00 ET. A potential support zone emerged at $0.2890–$0.2900, which was tested and retested multiple times. Resistance levels at $0.3020–$0.3060 showed some bearish rejection, but the price managed to retest and hold above $0.3099.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages began to cross into a bullish alignment after 22:00 ET, indicating increasing short-term momentum. On the daily chart, the 50-period MA has crossed above the 100-period MA, suggesting a developing bullish trend on a longer time frame.

MACD & RSI

The MACD turned positive in the late afternoon and remained above zero into the evening session, signaling growing bullish momentum. The RSI crossed above 50 at around 18:00 ET, reaching 65 by 20:00 ET, which is suggestive of moderate overbought conditions but not extreme. Divergence between RSI and price was minimal, reinforcing the strength of the bullish move.

Backtest Hypothesis

Given the positive momentum observed in the MACD and RSI, a backtesting strategy could focus on identifying MACD Golden Cross events for KNCUSDT. A 5-day-hold approach starting at each Golden Cross point would test the potential for a sustainable bullish trend. Since data retrieval for the full historical MACD series has proven challenging, the next step could involve calculating it manually from raw price data to execute a precise backtest. This would allow for a clearer evaluation of the effectiveness of the Golden Cross as a buy signal for KNCUSDT.

Bollinger Bands

Volatility expanded significantly after 20:00 ET as the price moved away from the Bollinger Band midline and approached the upper band. This expansion suggests a breakout phase. The narrow compression prior to 20:00 ET may have indicated a low-volatility consolidation period, which preceded the sharp move upward. Price has held above the 20-period midline, suggesting continuation bias.

Volume & Turnover

Volume spiked dramatically at 16:45 ET and remained elevated through 17:30 ET, confirming the bullish breakout. The largest single 15-minute candle (16:45–17:00 ET) traded 254,185.7 contracts and notional $75,725.88, marking the highest turnover of the session. Price and volume actions aligned positively, indicating strong institutional or large-cap investor participation.

Fibonacci Retracements

Fibonacci levels applied to the 24-hour low-to-high swing suggest key levels of interest: the 38.2% retracement at ~$0.2980 and the 61.8% at ~$0.3020. The price stalled briefly at the 61.8% level before breaking above it again. On the 15-minute chart, the 38.2% retracement aligned with the $0.2984 level, which was tested as resistance but ultimately broken.

The forward-looking view suggests a continuation of the current bullish trend if KNCUSDT remains above $0.2980–$0.3000. A break above $0.3099 would confirm a strong upward bias. However, risks include a pullback to the $0.2920–$0.2940 range, which could trigger short-term profit-taking and bearish momentum.