- KNC surged 150% with $1.1B in volume as buyers stepped in hard, flipping structure after weeks of tight consolidation.
- Shorts lost $2.32M in 4 hours while RSI hit 84.53, making KNC one of the most overbought DeFi tokens on the radar.
- Volume-to-cap ratio at 766% shows this isn’t retail hype—big hands are clearly loading as bulls defend above $0.60.
KNC has exploded to $0.6059, posting a massive 150% intraday gain as volume surged past $1.1 billion. The breakout unfolded after a prolonged base at $0.32, triggering $2.32 million in short liquidations within just four hours.
Volume Spike Confirms Momentum Shift Above Key Resistance
In a report by dyor.net, the breakout candle shattered trendline resistance and psychological barriers, backed by over 230 million USDT in daily volume. The steep vertical rise marked a clear transition from quiet accumulation to active breakout phase.
KNC hit $0.697 before retracing slightly, but it still trades comfortably above $0.60. The RSI peaked at 84.53 on the 4-hour chart, making KNC one of the most overbought DeFi tokens. Despite this, buyers are firmly defending near-term support zones.
Bullish EMA50 Cross and DMI Alignment Strengthen Structure
The chart shows a bullish EMA50 crossover and a strong DMI confirmation, reinforcing the current trend. According to dyor.net, these signals aligned just before the breakout, confirming bullish structure and attracting high-volume entries.
Support now sits at $0.507 and $0.447, which may serve as reload zones if profit-taking triggers a pullback. Momentum holds as long as price action remains above these levels and sellers fail to reverse the recent surge.
Resistance at $0.638 to $0.679 Marks Next Watch Zone
The next major resistance zone spans from $0.638 to $0.679, the upper wick region from the recent spike. Traders are watching closely for either a clean retest or sideways consolidation below this range before price discovery resumes.
MACD continues trending upward with wide histograms and growing separation between lines. Funding rate at -1.32% signals shorts remain trapped, which could drive further upside through forced exits.
Community sentiment remains elevated. KNC leads DeFi gainers and holds the top trending spot on CoinMarketCap. A 766% volume-to-market cap ratio reinforces conviction among large buyers.
Some observers believe this reflects a key structural shift, with KNC now moving from passive trade to trend leader. The sentiment among traders is split, but signs of continuation are mounting.
At the outset, it’s worth clarifying that this move showcases real conviction, driven by volume, liquidations, and sharp momentum alignment. KNC traders are now positioned for a continuation or a high-volume retest near support.
