• Kyber Network price prediction shows KNC breaking towards the upper boundary of the channel as the eyes focus on the $0.80 level.
• Kyber Network price is struggling to cross above the channel as the technical indicator Relative Strength Index (14) remains within the overbought region.
• If the 9-day moving average stays above the 21-day moving average, the coin may cross above the channel, and the price could hit the resistance levels at $1.00, $1.10, and $1.20 respectively.
The Kyber Network (KNC) price prediction for today, January 14th, shows that the coin is trading at $0.71 and is trying to break through the upper boundary of the channel. The coin has experienced a bullish crossover and trend intraday, and the technical indicator Relative Strength Index (14) is currently within the overbought region.
The Kyber Network is a decentralized liquidity protocol that enables the exchange and conversion of digital assets. It’s also a blockchain-based system that facilitates instant transactions between different tokens and provides liquidity to decentralized applications (dApps).
In terms of price movement, KNC has had an impressive run over the past week, with the coin surging from a low of $0.60 to a high of $0.75. This surge has been driven by the bullish crossover and trend intraday, and if the 9-day moving average stays above the 21-day moving average, the coin could break through the channel and reach the resistance levels at $1.00, $1.10, and $1.20 respectively.
However, it’s important to note that any price predictions should be taken with a grain of salt as the cryptocurrency market is highly volatile and unpredictable. That being said, the Kyber Network has been gaining traction over the past few months, and the token could be set to benefit from the increasing demand.
Overall, the Kyber Network price prediction for today, January 14th, shows that the coin is trading at a comfortable level and could break through the channel in the short term. However, investors should keep a close eye on the market and remain cautious as the market could experience further volatility in the near future.