Kyber Network is a cryptocurrency exchange that allows users to convert between different digital currencies. Kyber Crystal is the token used on the network, and it has seen some impressive gains in recent months.
Kyber Network Crystal Legacy Price Prediction 2021 – Will KNC Hit $5 Soon? is a question that has been asked by many people. The answer to the question is yes, and the price of Kyber Network will hit $5 soon.
- The range of bullish KNC price predictions is $1.55 to $4.30.
- The KNC price may rise to $5.
- For 2021, the KNC negative market price forecast is $1.10.
We utilize data, price trends, ADX, and other information about DCR to evaluate the cryptocurrency’s future movement in KNC price forecast 2021.
Kyber Network is a decentralized liquidity platform based on blockchain technology. It brings together liquidity from a variety of sources to enable fast and safe bitcoin trading in any decentralized application. The platform is a decentralized on-chain exchange with a variety of uses. For example, creating a realistic exchange and offering payment APIs for businesses and consumers to convert tokens quickly and “trustlessly.”
On the Ethereum network, Kyber Network Crystal Legacy (KNC) is a cryptocurrency token. Token holders may use their tokens to help control the platform and receive Ethereum staking incentives by staking them in the KyberDAO (ETH).
Kyber Network Crystal Legacy’s Current Market Situation (KNC)
The price of KNC is $1.26, according to Coingecko, with a 24-hour trading volume of $31,572,161 at the time of writing. In the past 24 hours, though, KNC has risen to 9.42 percent.
Furthermore, there are 205,045,092 KNC in circulation. DCR is currently traded on Binance, HitBTC, CoinTiger, OKEx, Huobi Global, and FTX, among other cryptocurrency exchanges.
Price Prediction for Kyber Network Crystal Legacy (KNC) in 2021
Kyber Network Crystal Legacy (KNC) is currently ranked 230th on CoinGecko. The price of KNC in 2021 is forecasted using a daily time period, as shown below.
Descending Triangle Pattern (KNC/USDT) (Source: Tradingview)
During downtrends, the descending triangle is most frequently observed and is generally taken as a negative indicator. In the descending triangle pattern, the rising triangle pattern is reversed.
Descending triangles signal to investors and traders that selling are more aggressive than buyers as the market continues to reach lower highs. The pattern is complete when the price breaks out of the triangle in the direction of the general trend.
A descending triangle may be bullish or negative, contrary to common perception. A regular descending triangle pattern is considered a bearish chart pattern in the past. On the other side, a descending triangle pattern may be bullish.
KNC is currently trading at $1.27. Following that, KNC may continue to decline or climb, depending on the breakout direction. With this pattern, KNC may soon hit the $1.85 resistance level. DCR’s price may fall below $1.10 if the trend reverses.
Support and Resistance Levels for Kyber Network Crystal Legacy (KNC)
The support and resistance levels of Kyber Network Crystal Legacy are shown in the chart below (KNC).
Support and Resistance Levels for KNC/USDT (Source: Trading view)
According to the aforementioned chart, the resistance and support levels for KNC are as follows.
- $1.55 is the first level of resistance.
- $2.51 is the second level of resistance.
- $3.34 for Level 3 Resistance
- $4.30 for Level 4 Resistance
- $1.10 is the first level of support.
- Level 2 Support – $0.75
KNC’s negative performance during the preceding month is shown in the chart. However, this trend may soon hit the $1.85 barrier level. If the trend were to reverse, KNC might fall below $1.10, indicating a bearish indication.
Average Directional Index of Kyber Network Crystal Legacy (KNC) (ADX)
Let’s have a look at the Average Directional Index of KNC (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX KNC/USDT (Source:TradingView)
The ADX of DCR is seen above, and the range is at 12.65, indicating a weak trend.
The KNC is one of the best cryptos to invest in for the long run. Furthermore, until the breakout direction is verified, KNC price forecast will remain bearish or bullish. This year, though, it has a strong probability of hitting $4.30. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the KNC ecosystem, KNC’s performance is expected to increase to $4.30 in the near future. However, if investors think that KNC is a solid investment in 2021, it might reach $5.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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Frequently Asked Questions
Is KNC a good investment 2021?
KNC is a good investment if you want to invest in the cryptocurrency market.
What will KNC be worth?
KNC is currently worth $0.00
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