Kyber Network Price Prediction for January 14th: KNC/USD targets $0.80 resistance

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Kyber Network price forecast shows KNC breaking towards the upper boundary of the channel as eyes are focused on the $0.80 level.

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Kyber prediction network stats data:

Kyber Network price now – $0.71
Kipper Network’s market value – $118.7 million
Kyber Network circulating supply – 164.8 million
The total supply of the Kyber network – 223.3 billion
Kyber Network Coinmarketcap Ranking – No. 174

KNC/USD Market

Key levels:

Resistance levels: $1.00, $1.10, $1.20

Support levels: $0.40, $0.30, $0.20

Kyber Network Price Prediction for January 14th: KNC/USD targets $0.80 resistance — KNCUSD – daily chart

KNC/USD is rebounding to a new high after touching the daily low of $0.60 to break above $0.75 as the coin is currently trading at $0.71 with a bullish cross and an intraday trend. Today, the cryptocurrency is crossing above the upper boundary of the channel, but higher support is expected at the $0.70 level.

Kyber Network Price Prediction: Kyber Network price could explode

Kyber Grid price is struggling to cross above the channel as the technical indicator’s RSI (14) remains within the overbought zone, and the coin is likely to experience some bullish signals, which could encourage more buyers to enter the market.

However, if the 9-day EMA remains above the 21-day EMA, the coin may cross above the channel, and the price may reach the resistance levels at $1.00, $1.10, and $1.20, respectively. Moreover, if the technical indicator decides to make a quick turn and face the downside, there could be a quick bearish decline, which is likely to hit the support levels at $0.40, $0.30, and $0.20.

Against Bitcoin, Kyber Network price is hovering above the 9-day and 21-day moving averages as the price touches the 3749 SAT resistance. However, the fact that the market is still in a downward channel seems to be crossing the upper boundary of the channel.

Therefore, if buyers push the market price above the channel, KNC/BTC could touch the resistance at 4500 SAT and above. On the contrary, rising selling pressure may cancel the bullish pattern, and this may attract new sellers into the market with the next support level at 2500 SAT and below, but the technical indicator’s RSI (14) is moving to cross above the 60-level.

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