KNCUSDT | Two Potential Scenarios For KNC

What Is Kyber Network (KNC)?
Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs), and other users easy access to liquidity pools that provide the best rates.

All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.

Technical Analysis:
As we can see from the chart the price is moving within this "Ascending Channel"
The trend is very strong and we can see the price to increase more up to 5.5750 and 6.1954

Let's say that you think that the price now is overvalued. Just wait and see if the price will
try to breakdown of the channel. With that the chances for a bearish movement will increase as well.
Bearish Targets at 4.0106 and 3.2351

Thank you and Good Luck!

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