Is there hope for $KNC buyers?
Yesterday, KNC rejected a key level of 0.74, after displaying a swing High at that level signalling a pending crash.
Today that crash started to manifest as the bears overpower the bulls with a very strong blow.
What hope is there for those at the BUY side of KNC?
Technically, a drastic movement usually follows a rejection especially when such occurs on the daily or weekly chart and such change usually take some long periods to die down.
At the moment, we expect KNC to seek a base at a price cheaper than its current price. This will mean that this coin will lose more gains following its current bear energy.
At Thrivalbase, we expect KNC to hit the bottom at 0.50 which marks its long held historical low, a further 14% crash from its current price of 0.63