π KNC has indeed made a significant impact in the cryptocurrency market. Currently, KNC has successfully broken out of the key supply zone area.
π The potential next step for the price is a retesting phase at the demand level. This breakout is indicative of bullish momentum, suggesting a continuation of the upward movement. There's a probability that KNC will reach our target area.
π However, if KNC fails to maintain its position above the demand area and instead breaks down below it, this would indicate a failed breakout scenario.
π Such a development could be a negative sign, suggesting a reversal to the downward movement. In this case, the price may revisit the key support area.