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

Summary
• KNCUSDT tested key support near 0.2165 before rebounding and forming bullish reversal patterns.
• Volatility expanded significantly during the 24-hour period, with a 2.3% price swing.
• Volume spiked during the 0900–1500 ET window, confirming bullish momentum.
• RSI remains in neutral territory, with no overbought or oversold signals.
• Price closed near the upper Bollinger Band after a consolidation phase.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at 0.2271, reached a high of 0.2284, and a low of 0.2161, closing at 0.2232 as of 12:00 ET. The pair traded with a total volume of 1,763,788.5 KNC and a notional turnover of $403,031.90 over the 24-hour period.

Structure & Formations

The 5-minute chart showed a strong bearish breakdown starting at 19:00 ET, with KNCUSDT dropping to a swing low of 0.2161. A bullish reversal pattern emerged after 05:00 ET as price bounced back above 0.2190, forming a small bullish engulfing candle.

A key support level appears to have formed around 0.2165–0.2170, where price consolidated for several hours before resuming higher.

Moving Averages

On the 5-minute chart, price closed above both the 20-EMA and 50-EMA at 12:00 ET, suggesting short-term bullish momentum. On the daily timeframe, price remains above the 50- and 100-day moving averages, which is a positive sign for medium-term trend continuation.

MACD & RSI

The 5-minute MACD showed a bullish crossover and increasing positive momentum during the 08:30–10:00 ET period, aligning with the price rebound. The RSI remained within neutral territory (between 45 and 55), indicating no extreme overbought or oversold conditions. This suggests room for both higher and lower moves, depending on upcoming catalysts.

Bollinger Bands

Volatility expanded significantly overnight, with the 20-period Bollinger Bands widening to reflect the 2.3% price move. At 12:00 ET, KNCUSDT closed near the upper band at 0.2232, signaling short-term strength. A pullback into the middle band could be expected in the near term.

Volume & Turnover

Volume spiked significantly during the 09:00–15:00 ET window, with over 150,000 KNC traded in one 5-minute candle. Turnover also increased, confirming the strength of the bullish rebound after the early morning low. A divergence between volume and price could emerge if the current rally fails to continue without increasing volume.

Fibonacci Retracements

Applying Fibonacci retracement to the 0.2161–0.2284 swing, the 0.2232 level aligns with the 61.8% retracement level, suggesting a probable consolidation area. A break above 0.224 would target the 78.6% level at 0.2264, while a failure to hold above 0.2215 could lead to a retest of the 0.2165 support.

KNCUSDT appears to have found a near-term bottom and is entering a phase of consolidation following a sharp rebound. The next 24 hours could see renewed volatility if broader market sentiment shifts or a key on-chain event unfolds. Investors should monitor the 0.2235–0.224 resistance cluster for potential breakouts or rejections.