$KNC 🔍 KNC/USDT Technical Analysis – Targets for the Week 🔥
As of today, the KNC/USDT pair is showing a positive momentum with a +5.80% increase, currently trading at 0.6419 USDT. Let’s dive into the charts and set our eyes on potential targets.
📊 Key Data:
24h High: 0.6563 USDT
24h Low: 0.5898 USDT
Current Price: 0.6419 USDT
24h Trading Volume (KNC): 5.96M
24h Trading Volume (USDT): 3.69M
Technical Indicators:
Moving Average (5): 316,457.1
Moving Average (10): 230,794.9
MACD: Currently showing positive divergence, suggesting upward potential
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🎯 Target Levels to Watch:
1. First Target – 0.6550 USDT
The price is approaching the 0.6563 resistance level. A strong break above this level could push the price to the first target of 0.6550. This target coincides with previous price action highs, making it a strong level to watch for further bullish momentum.
2. Second Target – 0.6700 USDT
If KNC/USDT continues to show strength beyond the 0.6550 zone, the next potential resistance lies at 0.6700. A key breakout here would open doors for the next leg up, and traders should look for confirmation through volume and RSI.
3. Third Target – 0.6900 USDT
The 0.6900 target is the next major psychological resistance. A move to this level will indicate strong bullish sentiment and sustained upward pressure. Traders should consider holding positions or adjusting stop-loss to secure profits as the price approaches this level.
📈 Technical Setup:
Support Levels: The first support comes in at 0.5898 USDT, with a more solid support around 0.6000.
MACD: Positive momentum is visible, with potential for further upward movement.
Bollinger Bands: We’re observing a squeeze in the Bollinger Bands, signaling volatility is expected soon. Watch for a breakout direction.
Happy Trading! 🚀
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