KNC/USDT Keep an eye! If Breakout is happen potential back to UP

BINANCE:KNCUSDT   Kyber Network / TetherUS
πŸ’Ž KNC has recently demonstrated significant market dynamics. After a period of consolidation, KNC is currently showing signs of upward momentum, aiming to break out of the descending channel.

πŸ’Ž A successful breakout could signal a shift towards upward movement, probability leading the price to retest the strong resistance area.

πŸ’Ž However, if KNC fails to break out of the descending channel and faces rejection, the price may retreat to the support area around $0.57 to gather momentum for another attempt.

πŸ’Ž A concerning scenario arises if KNC breaks below the support area, confirming a downward trend. In this case, the price could continue its descent towards the strong support zone or even establish a new bottom support level.

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