Kyber Network (KNC) has recently struggled against tether (USDT) after its price was rejected at $5.5. Bitcoin’s (BTC) price increased dramatically, rising from a low of $18,500 to a high of $21,000. This movement has impacted other altcoins, as most cryptocurrencies, including Kyber Network, are seeing double-digit gains (KNC). (Data from Binance) Related Reading: Algorand Fast Upgrade Could Be A Game-Changer – Here’s How Kyber Network (KNC) Price Analysis On The Weekly Chart The price of KNC has had difficulty replicating its recent bullish move, which saw the price rally to $5.5 as the price rallied with a good bullish sentiment. KNC has struggled to stay afloat after falling from a high of $5.5 to a low of $1. The price of KNC has formed good support at $1, which appears to be a good zone for most traders to place buy orders. The price of KNC may be poised to end the week on a more bullish note ahead of a new weekly candle. With such positive sentiment, we could see KNC reach a high of $3. The price of KNC is facing resistance at $1.95 as it cannot trend higher in price; if KNC flips this region, we could see the price rising to $2.5-$3 and even higher. Weekly resistance for the price of KNC – $2.5-$3. Weekly support for the price of KNC – $1. Price Analysis Of KNC On The Daily (1D) Chart KNC’s price was rejected from $5.5 as it fell to a low of $1; the price of KNC bounced from this after forming s...
