KNC/USDT Break out will coming ?? KNC Today Analysis

💎 KNC has become a significant player in the market, now navigating within a falling wedge formation. Despite efforts, it's struggling to break free from this pattern. KNC's previous success in reclaiming the support area offers a glimmer of hope for a potential breakout. If KNC manages to breach the falling wedge pattern, probability we might soon see it reaching our targeted area.

💎 However, should KNC fail to break out of the falling wedge pattern and instead breach the support level once again, it would be a concerning signal. This could lead to a continued downward trajectory for KNC, with a likely retest at the strong demand area.

💎 In this crucial demand zone, it's imperative for KNC to show a robust recovery. A failure to bounce back, characterized by an absence of bullish candle rejections, could increase the likelihood of KNC breaking down further from this strong demand zone. Such a scenario would likely shift KNC's movement into a bearish trend, potentially leading to even lower levels.