KNCUSD full retrace likely before the accummulation
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KNC lovers probably won't like this analysis but it's time to face the truth.
As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase.
If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero.
0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC.
Any bounce probably will be a short lifted and the price eventually will go down.
Good luck
As the bear market continues it is very likely that KNCUSD will do a full retrace before the accummulation phase.
If it had to happen the price would drop over 98 % from 2022 highs. Actually it wouldn't be anything an extraordinary as we know altcoins can drop even 99 % in the bear market and some of them go to zero.
0,15 -0,10 $ seems to be a fair price of this project survives the bear market and doesn't go to zero. From there we expect traders and investors to start accumulating KNC.
Any bounce probably will be a short lifted and the price eventually will go down.
Good luck
Note
KNC keeps getting rejected from the resistance. Looks weakNote
Not looking for 0,12$ anymore. Trend flipped bullish. Buy the dip.Note
0,40- 0,85 $ is a new accummulation zone.
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