Kyber Network Crystal cryptocurrency increased by more than 23%: why the price of KNC is increasing.
Kyber Network Crystal (KNC) has added over 900% volume increase. Recent Kyber product updates have improved market sentiment. Traders should keep a close eye on support at $0.148 and resistance at $0.175.
Kyber Network Crystal (KNC) jumped nearly 24% to trade at $0.16 at press time.
This move stands out in a market that has had a hard time finding direction.
While many major cryptocurrencies, including Bitcoin (BTC), have posted highs, KNC has soared with strong confidence, and the rally has caught the attention of traders who are questioning what is actually driving the price higher.
Heavy trading activity fueling KNC's price rally
One of the most obvious drivers behind the surge is the dramatic increase in business activity.
KNC's 24-hour trading volume has exploded by more than 900%, a turnaround rarely seen in recent months.
Such large increases usually indicate aggressive short-term participation from traders looking to take advantage of the momentum.
This also explains why the price has moved differently than BTC, which has declined over the same period.
When this volume expands rapidly, even moderate buying pressure can translate into wild price movements, and that seems to be exactly what happened with KNC.
Product updates add to the positive sentiment
Although neither announcement directly triggered today's price increase, Kyber Network has been quietly rolling out updates that have helped improve sentiment around the project.
Kyber Network recently highlighted expanded cross-chain functionality on its flagship product, KyberSwap.
As a result, users can now exchange assets on 25 different blockchains using liquidity from eight providers in a single transaction.
This type of convenience strengthens Cyber's position in the increasingly competitive DeFi landscape.
The team has introduced a new feature called Smart Exit on Kyber Earn.
Smart Exit enables liquidity providers to automate how and when they exit locations.
Instead of tracking charts continuously, users can set time-based exit conditions for profit taking, risk management or time-based exits.
The feature already works on Base and BNB Chain, with more networks expected to follow.
In parallel, Kyber continues to develop new ecosystem partnerships.
A recent merger with Vultedge brought the USDVE asset to KyberSwap, opening up deeper liquidity and improved routing.
Another upcoming merger with Supernova is expected to further expand Cyber Liquid's reach.
While these updates didn't directly drive today's increase, they help explain why traders are willing to speculate on the upside.
Kyber Network Crystal Price Prediction
In terms of technical analysis, KNC price has broken above the 30-day simple moving average of $0.148.
This step has served as a hood for weeks, and clearing it helps reinforce the sense of debauchery.
Going forward, the $0.148 zone is now the most important support to watch in the near term.
Staying above this level suggests that the recent eclipse remains intact.
If buyers continue to take control, KNC could attempt resistance near $0.175, and a clean break above that area could open the door to further upside.
On the flip side, not holding $0.148 can trigger a quick pullback, especially if the trading volume enters sharply.
In that case, the next area of interest sits around $0.135, where buyers may want to get back in.
