$KNC/USDT: The Bears Are Circling!
The Kyber Network Crystal (KNC) is currently in a heated battle on the 15-minute timeframe. After a sharp slide from the 24h high of 0.2391, the price is now hovering precariously at 0.2321.
The Critical Stats:
Current Price: 0.2321 (-1.94% dip)
The Danger Zone: It just bounced off a 24h low of 0.2315. If that floor breaks, things could get ugly fast.
Resistance Walls: The Moving Averages (MA7, MA25, MA99) are all stacked above the price, acting like a heavy ceiling crushing the bulls down.
The Play-by-Play:
We are seeing a massive "Death Staircase" pattern. Every attempt to rally is being met with immediate selling pressure. However, a small green "Doji" candle is forming at the bottom—is this the sign of a desperate reversal, or just a pause before the next crash?
The Verdict: The volume is thin, and the trend is heavy. KNC needs to reclaim the 0.2342 (MA25) mark to breathe again. Until then, the bears are firmly in the driver's seat.
Would you like me to check the RSI or MACD indicators to see if a "bounce back" is actually hidden in the data?
