Right here is why Kyber Community Crystal is up by 24% on the brand new time

The cryptocurrency market will extinguish the week on a positive show after including larger than 2% to its cost within the final 24 hours.

The broader crypto market has added larger than 2% within the final 24 hours. At press time, the total cryptocurrency market cap stands above $1.26 trillion.

Bitcoin is procuring and selling above $30ample all over again after spending the massive majority of this week under this threshold. Ether, the world’s 2nd-greatest cryptocurrency by market cap, is procuring and selling at $2,000 all over again after including larger than 2% correct thru the final few hours.

KNC, the native token of the Kyber Community Crystal, is the very best possible performer amongst the pause 100 cryptocurrencies by market cap. Over the final 24 hours, KNC has added larger than 24% to its cost.

The famous catalyst within the support of this ongoing rally is the originate of the KyberSwap referral campaign. The Kyber Community workforce announced by strategy of Twitter on Friday that it’d be freely giving $2,000 in KNC tokens to the lucky winners.

The workforce said ten random lucky winners would dawdle away with $200 in $KNC rewards.

✍️Introducing #KyberSwap’s Referral Campaign! $2000 in $KNC Rewards Up for Grabs When You Half! 🤝

🍀🥳10 random lucky winners strolling away with $200 in $KNC rewards!

⏰Campaign is from 20 Could maybe to 26 Could maybe so ride! 🏃‍♂️💨

🧐Be taught the vogue that you just can maybe presumably presumably dispose of half:

— Kyber Community (@KyberNetwork) Could maybe 20, 2022

Key levels to survey

The KNC/USD 4-hour chart is currently the most bullish amongst the pause 100 cryptocurrencies by market cap. The technical indicators indicate that the coin has outperformed many other coins on the brand new time.

The MACD line is above the impartial zone, indicating a positive momentum. The 14-day relative power index of 71 reveals that KNC could maybe presumably soon enter the overbought area.

At press time, KNC is procuring and selling at $2.779 per coin. If the rally continues, KNC could maybe presumably surge past the first famous resistance level at $3.13 sooner than the extinguish of the day. Within the match of extended positive performance, KNC could maybe presumably swap above the $3.5 resistance level for the first time in three weeks. 

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