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<p>In recent weeks, a steady and significant rise in Kyber Network Crystal’s ($KNC) price has gained attention within the cryptocurrency community. The digital currency’s market cap stands at an impressive $117.21M, with a 24-hour trading volume of $254.65M. Notably, the current price of the crypto is $0.69 per KNC, marking an 88.56% deviation below its all-time high of $6.00.</p> 
<p>While $KNC has experienced a range of price fluctuations over an undisclosed period, recent data indicates a robust upward trend. For instance, $KNC is up 17.11% against Ethereum and 20.23% against Bitcoin. Additionally, its value has risen by 15.46% against the US Dollar. In the past seven days alone, the asset’s value has escalated by 17.66%, with a further 9.06% increase recorded in the last 24 hours.</p> 
<figure class="wp-block-image size-large"> <a href="https://captainaltcoin.com/go/altfins/" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-1024x573.png" alt="" class="wp-image-296981" srcset="https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-429-788x441.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"></a> 
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 <div> <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true">Trade setup</a>:</strong>&nbsp;Price rebounded from $0.45 support, which also held in late 2022, and rallied to the next minor resistance of 200-day moving average (~$0.68) where it got rejected so far. Now it’s trading in a Symmetrical Triangle. We wait for a breakout from Triangle and above 200-day MA level (~$0.68) to confirm bullish trend reversal, with upside potential to $0.80 thereafter. 
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  <br><strong>Pattern:&nbsp;</strong><a href="https://altfins.com/knowledge-base/chart-patterns-2/" target="_blank" rel="noopener noreferrer nofollow">Symmetrical Triangle</a>, which is a neutral pattern, suggesting indecision in the market. Although it could break either up or down, it usually breaks in the direction of the prevailing trend (i.e. continuation not reversal). 
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  <br><strong>Trend:&nbsp;</strong>Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. 
  <br><strong>Momentum</strong>&nbsp;is Bullish (&nbsp;MACD&nbsp;Line is above MACD Signal Line and RSI is above 55). 
  <br><strong>Support and Resistance:</strong>&nbsp;Nearest Support Zone is $0.45. The nearest Resistance Zone is $0.80 (previous support), then $1.00. 
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<p>Some attribute this positive momentum to the increased interest and active engagement within the community. According to AltRank, a proprietary score that measures crypto against itself with respect to community metrics, $KNC ranks among the top 10 cryptocurrencies. This recognition suggests a growing acceptance and popularity of $KNC among crypto enthusiasts.</p> 
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<p>Moreover, some see a promising future for $KNC due to its gradual buildup of momentum. It is suggested that the progress made by $KNC could potentially result in a significant flip in the near future. This optimism is bolstered by several successful trades involving $KNC, further encouraging traders to participate.</p> 
<p>To add to the buzz, Kyber Network recently unveiled its first Gas Refund Program. Traders are now eligible for partial gas refunds when staking a minimum of 500 $KNC and making a swap worth ≥$200 on Ethereum. This innovative program has generated significant interest among traders, contributing to the positive sentiment surrounding $KNC.</p> 
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 <img decoding="async" loading="lazy" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-1024x576.png" alt="" class="wp-image-296973" srcset="https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-768x432.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-2048x1152.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-622x350.png 622w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/07/image-428.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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<p>The rise of $KNC and its recent developments have undoubtedly positioned it as a notable entity within the crypto space. As the digital currency continues its steady ascent, it will be interesting to watch how the wider cryptocurrency community responds.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/kyber-network-crystals-steady-ascent-sparks-interest-in-crypto-community/">Kyber Network Crystal’s Steady Ascent Sparks Interest in Crypto Community</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Kyber Network Crystal’s Steady Ascent Sparks Interest in Crypto Community

CaptainAltcoin

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