Kyber Network is a decentralized crypto exchange protocol built on the Ethereum blockchain. The protocol allows users to exchange crypto assets directly and securely without the need for a third party.
Currently, KNC has the potential to undergo a correction due to its failure to break through the resistance line at $0.83. The potential decline could reach minus -15.5% with a target drop at $0.655. The first support for KNC is at $0.7, but on a larger time frame, KNC is forming a bearish rising wedge.
Currently, KNC has the potential to undergo a correction due to its failure to break through the resistance line at $0.83. The potential decline could reach minus -15.5% with a target drop at $0.655. The first support for KNC is at $0.7, but on a larger time frame, KNC is forming a bearish rising wedge.