KNC/USDT Need to Break key area and Back to support area ??

💎 KNC has undeniably garnered our interest, showing potential for an upward surge aimed at overcoming a formidable resistance zone. Currently, KNC is navigating a phase of consolidation, oscillating between support and resistance levels. A successful breach of the significant resistance barrier would be the probabilities are on the side of the bull.

💎 However, failure to shatter this resistance could compel KNC to retreat towards the proximate support level at $0.655, necessitating a resurgence of momentum. Should this scenario unfold, it's imperative for KNC to rally from this support, reattempting an ascent to breach the staunch resistance. Historical trends underscore the robustness of this support zone, which has repeatedly bolstered KNC, preventing further declines.

💎 This juncture is critical for KNC, demanding a rebound to initiate an upward trajectory capable of breaking through the tough resistance. A failure to do so could spell trouble, potentially leading to the breach of the vital support zone. Should KNC falter at this stage, the likelihood increases for a continued descent towards a crucial support threshold, marking a bearish turn for the asset.

Trade closed: target reached:

Another win! #KNC up 28.79%, as forecasted!