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Kyber Network Crystal v2 (KNC) Up 8.75% Friday: What's Next?

Friday, May 20, 2022 11:59 AM | InvestorsObserver Analysts
Kyber Network Crystal v2 (KNC) Up 8.75% Friday: What's Next?

Kyber Network Crystal v2 (KNC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has added 8.75% to $2.61.

volatility - 61
InvestorsObserver is giving Kyber Network Crystal v2 a 61 Volatility Rank. Find out what this means to you and get the rest of the rankings on Kyber Network Crystal v2!

Moderately Volatile

InvestorsObserver gives Kyber Network Crystal v2 a moderate volatility rank of 61, placing it in the top 39% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. KNC's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Kyber Network Crystal v2 price is trading near resistance. With support near $2.05 and resistance set at $2.71. This positions Kyber Network Crystal v2 with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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