$KNC (Kyber Network) Sharp Pullback & Support Level 📉
Entry Zone: 0.445 – 0.465
Bullish Above: 0.535
TP1: 0.550
TP2: 0.610
TP3: 0.680
SL: 0.420
$KNC is currently witnessing a significant retracement on the 4H chart, trading at 0.4795 with an 11.20% decrease. The price action shows a sharp drop from the 24h high of 0.5480, breaking below immediate short-term moving averages. It is currently approaching the 0.4682 level, which may act as a temporary structural floor. While the overall trend has been bearish over the last session, the volume during this dip is relatively controlled, suggesting a potential search for a bottom rather than a total collapse. Reclaiming the 0.500 psychological level is the first step required for the bulls to regain control.