KNCUSD full retrace likely before the accummulation
KNC lovers probably won't like this analysis but it's time to face the truth.
As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase.
If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero.
0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC.
Any bounce probably will be a short lifted and the price eventually will go down.
Good luck
As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase.
If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero.
0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC.
Any bounce probably will be a short lifted and the price eventually will go down.
Good luck
Comment:
KNC keeps getting rejected from the resistance. Looks weak
Comment:
Not looking for 0,12$ anymore. Trend flipped bullish. Buy the dip.
Comment:
0,40- 0,85 $ is a new accummulation zone.
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