🚀 Powerful breakout +125% The price has sharply broken out upwards from a descending wedge, demonstrating an increase of more than 125% in a day!
🔍 Technical picture: 🔹 Figure: Descending wedge (bullish pattern) — the breakout upwards has been confirmed.
🔹 Breakout price: ~0.31 USDT
🔹 Current price: 0.72 USDT
🔹 Target by pattern: ~0.77 USDT (key resistance)
📈 Indicators: ☁️ Ichimoku: The price has broken above the cloud — confirmation of the bullish trend.
🔵 Parabolic SAR: The points have moved below the candles — support for growth.
📊 MA (7, 25, 99): All broken — signal of trend reversal upwards.
🧠 Conclusion: 📌 KNC is in a phase of active growth after a long consolidation. The level of 0.77 USDT is a key resistance zone, profit-taking is possible.
⚠️ We expect a correction or consolidation before the next impulse. A possible retest of the 0.50–0.52 zone is an interesting point for re-entry.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
📊 Analysis of KNC/USDT 1D
🚀 Powerful breakout +125%
The price has sharply broken out upwards from a descending wedge, demonstrating an increase of more than 125% in a day!
🔍 Technical picture:
🔹 Figure: Descending wedge (bullish pattern) — the breakout upwards has been confirmed.
🔹 Breakout price: ~0.31 USDT
🔹 Current price: 0.72 USDT
🔹 Target by pattern: ~0.77 USDT (key resistance)
📈 Indicators:
☁️ Ichimoku: The price has broken above the cloud — confirmation of the bullish trend.
🔵 Parabolic SAR: The points have moved below the candles — support for growth.
📊 MA (7, 25, 99): All broken — signal of trend reversal upwards.
🧠 Conclusion:
📌 KNC is in a phase of active growth after a long consolidation. The level of 0.77 USDT is a key resistance zone, profit-taking is possible.
⚠️ We expect a correction or consolidation before the next impulse. A possible retest of the 0.50–0.52 zone is an interesting point for re-entry.
#KNC CryptoAnalysis #Breakout BullishTrend #Altseason