Kyber Network Price Prediction for Today, June 10 – KNC Technical Analysis

The Kyber Network price prediction shows that KNC may cross above the channel to hit the $1.00 resistance level.

What Sets Kyber Network Apart?

Kyber Network is the first tool that enables anyone to instantly swap tokens without relying on a third party, such as a centralized exchange. Its unique, developer-friendly architecture allows for seamless integration with apps and other blockchain-based protocols, making it an easily accessible solution for various applications.

Kyber Network Prediction Statistics Data:

• Kyber Network price now – $0.76
• Kyber Network market cap – $142.8 million
• Kyber Network circulating supply – 188.3 million
• Kyber Network total supply – 239.1 million
• Kyber Network Coinmarketcap ranking – #363

KNC/USD Market

Key Levels:

Resistance levels: $1.10, $1.20, $1.30

Support levels: $0.40, $0.30, $0.20

KNC/USD bulls are trying to push the coin above the upper boundary of the channel as the 9-day and 21-day moving averages reveal that the market may embark on a positive movement while the bulls increase the buying pressure.

Kyber Network Price Prediction: KNC Price May Follow the Uptrend

The Kyber Network price is changing hands at $0.76 where it faces up. If the coin breaks above the channel, it may begin the upward movement. However, any further bullish movement may locate the nearest resistance levels at $1.10, $1.20, and $1.30, while falling below the 9-day and 21-day moving averages and sliding toward the lower boundary of the channel could reach the support levels of $0.40, $0.30, and $0.20 respectively with a long bullish trading volume.

KNC/BTC Goes to the North

Against Bitcoin, the Kyber Network price is moving above the 9-day and 21-day moving averages as the bulls head to the positive side. On the downside, if the market price falls and drops toward the channel’s lower boundary, the next support level may surface at 900 SAT to locate further key support at 795 SAT and below if the sell-off later becomes huge.

On the upside, if the bulls push the price above the upper boundary of the channel; further bullish movement may hit the potential resistance level at 1400 SAT and above while the 9-day MA remains above the 21-day MA to continue the bullish movement. On the other hand, if the coin faces the south, sellers may resume back and this could bring bearish pressure into the market.

Nevertheless, @BabyyBlockChain informed his 31k followers on X (formerly Twitter) that $KNC has rebounded off its weekly support and is now eyeing a breakout towards $2.00.

$KNC – price bounces off weekly support eyeing a breakout towards $2.00

LFG 💥 #Crypto #KyberNetwork pic.twitter.com/Nh3dF6wxgE

— Blockchain Babe (@BabyyBlockChain) June 9, 2024

Alternatives to Kyber Network

The Kyber Network price is being driven by bullish momentum as it trades above the moving averages. If this trend continues, the coin may soon break above the upper boundary of the channel. As the bulls apply more pressure on the bears, the coin is likely to reach higher levels. Meanwhile, the PlayDoge token presale has been a success, raising $3.7 million in the past few weeks. This achievement positions the token to meet its $4 million target before the presale ends.

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