Kyber saw movement today. Although it can be described as a very minimal move, it was enough to see this crypto top the list of daily movers. What else can we expect from this crypto? How high will it go in value? Or will this trend reverse? This question and many others will be examined shortly.
Current price of Kyber: $1.4805
Kyber market cap: $250.6 million
Total Kyber supply: 177.8 million
Kyber Rank: 109
Cap level: $0.5194, $0.6110, $0.6294
Floor level: $0.6000, $0.5610, $0.5500
KNC/USD Value Prediction: Kyber’s Steady Upward Gain
The KNC/USD The daily trading chart shows that this crypto may be at the start of a steady upside gain. On this chart, price activity is in contact with the faster moving average line, while the slower one remains considerably below. Additionally, a recently formed bullish candlestick depicts the movement recorded in this market. Hence, this brought Kyber to a value of $1.4801.
Also, the Stochastic Relative Strength Indicator (SRSI) reveals that the value may be at the start of a steady rise in value. This inference can be drawn from the fact that the indicator curves have crossed, in an upward curved shape at the 74% and 71% levels. This activity tells of a gradual increase in the price of this crypto. At this point, the UNI/USD value could reach $1.7000 very soon.
KNC/USD Value Prediction: Kyber’s Uptrend Gaining Steady Strength
On the 4 hour KNC/USD chart, we can see that a bullish candle has formed above the terminal of the crossed MA lines. This tells us that the uptrend is getting steadily stronger. Additionally, the MA curves have crossed below the value move, which is sure to provide some push to the value move.
Moreover, the reading of the SRSI indicator indicates that things are being kept stable. Moreover, it looks like a trend reversal isn’t happening anytime soon, given the divergence between the crossed SRSI lines. Therefore, this can give more time for the value to rise further and more time for traders to use this trend.
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