Kyber Network (KNC) is showing signs of a bullish turn after a prolonged period of sideways movement. This article presents the analysis of current market metrics, technical analysis, and price forecasts until 2029.
Current KNC Market Metrics
The cryptocurrency KNC is trading at $0.3262, which is up by 0.25% compared to the previous day. Despite slight fluctuations, changes in the technical structure may indicate larger events ahead.
Technical Analysis of KNC
According to Bollinger Bands data, KNC shows a breakout of the upper band, indicating increased volatility and momentum. The 20-day simple moving average ($SMA$) stands at $0.3061. The Relative Strength Index (RSI) shows a value of 85.58, indicating overbought conditions. Historically, such situations have preceded subsequent price increases.
KNC Price Forecast Until 2029
Price forecasts for KNC from 2025 to 2029 indicate a minimum price of $0.26 in 2025, with a maximum at $0.70. By 2029, KNC could reach a maximum price of $1.25 if growth in the DeFi sector continues.
Kyber Network is on the verge of a bullish phase, which is confirmed by the analysis of technical indicators and the growing need for liquidity infrastructure. The further development of KNC will depend on the adoption of new protocols and the strengthening of the DeFi ecosystem.
