👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On!
Kyber is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant, and secure exchange.
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KNC continues its mega-bull run, with the price providing over 1,526% returns since last August’s lows.
Currently, the yearly level at 0.00018801 provides resistance, causing the price to have spent most of July consolidating for another attempt at the recent highs. Last week brought a move close to the highs, which could be setting up for a breakout.
Bulls could enter between the yearly level at 0.00018801 and the previous resistance 0.00018205, which may be turning to support on lower timeframes. Reasonable targets reach up to the swing high at 0.00029264.
Bears looking to short euphoria and with new liquidity coming into this project by more market cap this could enter a new yearly level which may become resistance and target the last consolidation area around 0.00013696.
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