$KNC USDT is cooling after a violent breakout, but the bigger 4H structure still says bulls are holding the chart above the key trend line
KNCUSDT is trading near 0.1621 after a 15.62% daily gain, and this 4H chart is in the classic post-spike phase. Price exploded from 0.1350 into 0.1938, then gave back part of that move through a controlled pullback instead of a full collapse. That matters because after a breakout, the first retracement tells you whether buyers are defending structure or losing control completely. Right now KNC is sitting just above MA(7) at 0.1600, while MA(25) at 0.1455 and MA(99) at 0.1375 remain far below current price. That keeps the broader 4H trend bullish even though momentum has clearly cooled from the peak.
The key zone now is 0.1600 to 0.1621. If bulls keep defending this shelf, the chart can stabilize and try to rotate back toward 0.1709 first, then higher. If price loses 0.1579, the pullback can deepen before the next real attempt. Right now KNCUSDT looks strong on the bigger structure, but still in cooldown mode after the breakout.
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