KNC Technical Analysis: Uptrend Approaches $5, Is It Too Late to Buy?

KNC coin price shows a bullish strike creating an engulfing candle with a 13% growth, reaching the $5 mark. Will the uptrend continue above $5? Key technical points: KNC prices reach the $5 mark. The daily-RSI enters the overbought territory. The 24-hour trading volume of Kyber Network Crystal is $405 Million, marking a 105% rise. Past Performance of KNC The KNC coin price continues the uptrend and approaches the $5 mark with a boom in trading volume, as mentioned in our previous article. The recent surge of 13% creates a bullish engulfing candlestick and surpasses the previous swing high at $4.65. Source-Tradingview KNC Technical Analysis KNC coin price undermines the higher price rejection at $4.65 with a bullish engulfing candlestick. However, the volume growth declines compared to the rise seen in the months of March and April. The increasing token prices sustain above all the crucial EMAs, with a bullish alignment and significant spread providing multiple support levels. RSI Indicator: The RSI slope regains the overbought territory after sustaining above the 14-day average line in the daily chart. Hence, the indicator reflects a surge in the underlying bullishness. MACD Indicator: The MACD and signal lines avoid another bearish crossover with a surge in the bullish momentum. This reinstates the bullish trend in the MACD histograms and signals a buying opportunity. In a nutshell, the KNC technical analysis highlights the p...