KNC Technical Analysis: KNC Buyers Remain Trapped Within A Wedge

KNC coin price rises higher with the support of a curve but shows a resistance trendline in place. Which side will win as price action fills up the pattern? Key technical points: The KNC price struggles to surpass the $4 mark. In addition, the market price dips below the 50-day EMA. Finally, the 24-hour trading volume of Kyber Network Crystal is $842.5 Billion, marking a 369.04% rise. Past Performance of KNC KNC coin prices retest the $3.75 mark after facing rejection from the $4 level due to increased selling activity. The recovery accounts for a price jump of more than 20% in the last three months. Moreover, the recent support from the 50-day EMA fuels the bullish rally and creates two bullish engulfing candles breaking above $3.75 with a 30% rise. Source-Tradingview KNC Technical Analysis KNC coin price shows a bullish recovery in motion starting from the $1 mark, resulting in the support curve formation providing multiple bullish reversal points. However, a resistance trendline in action keeps the bullish growth in check and gives the illusion of a wedge pattern. The crucial daily EMAs (50, 100, and 200 days) provide support to the corrections in the uptrend and maintain a bullish alignment. Hence, the EMAs reflect a solid underlying bullishness and increase the chances of a $4 breakout. RSI Indicator: The RSI slope faces another rejection from the overbought boundary in the daily chart after knocking down the 14-day SMA. ...