$KNC
/USDT Technical Analysis & Trade Signal🔥🔥💯
Current Price: $0.5828
24h Performance: +5.93%
Technical Overview:
Trend: The price has been showing an upward momentum recently, with the current price higher than the 24h low of $0.5414.
Support: The key support zone is near $0.5414, where buying interest has previously emerged.
Resistance: Resistance is observed around $0.5845, the 24h high. If broken, it could lead to further upside.
Trade Signal: Bullish
The price action suggests continuation in a bullish trend, especially with a higher low at $0.5414 and the current price approaching resistance.
Target Levels:
1. First Target: $0.5900 (near resistance, potential breakout)
2. Second Target: $0.6100 (next resistance level)
3. Third Target: $0.6300 (long-term resistance zone)
Trade Momentum:
Short-Term: The positive momentum supports further upward movement. RSI and MACD (if analyzed) would likely indicate strength.
Risk Management: Tight stop-loss near $0.5500 (below recent support) to limit downside risk.
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