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Kyber Network (KNC), AION, and Quantstamp (QSP) Technical Analysis for Apr 7

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Kyber Network (KNC), AION, and Quantstamp (QSP) prices are solid, bullish, and in line with Q1 2021 primary trend. A breakout above crucial resistance levels—or support at key buy walls, will reinvigorate bulls, accelerating the rally to new 2021 highs.

Kyber Network

Our earlier Kyber Network (KNC) forecast article looked at whether the token could edge higher and exceeds traders’ expectations in 2021. From the KNC/USD daily price chart, it is clear that the path of least resistance has been upwards with virtually no opposition. This stems from Kyber Network’s value proposition as well as favorable candlestick arrangement.

Week-to-date, the KNC price is up a massive 18 percent, adding 5.8X year-to-date. However, it is parring losses versus the greenback on the last day. Candlestick arrangements in the daily chart point to exhaustion.

Kyber Network Price Prediction

Kyber Network Daily Chart for Apr 7

Although the KNC/USD price is firm, printing a series of green bars, it is wavy inside Apr 3 bull candlestick. It has high trading volumes but with a long upper wick suggesting a sell-off in lower time frames. Subsequent bars have markedly low trading volumes pointing to possible exhaustion, a ripe ground for correction.

Still, for KNC sellers to take control, prices must first fall below Apr 3 lows of around $3 with high trading volumes, pouring cold water on bulls advances. In that case, the KNC/USD price may crash to $2.2—the 38.2 Fibonacci retracement level of the Q1 2021 trade range.

On the reverse side, gains above $3.7 would catalyze KNC demand, thrusting the token to new all-time highs of $5—the 1.618 Fibonacci extension level of the same trade range.

Quantstamp (QSP)

The Quantstamp price is whipsawing but firm on the uptrend. Despite shocks, traders are optimistic as seen from the long-term Quantstamp price predictions article we published earlier. Here, QSP bulls expect a new record high in 2021, with the QSP/USD even reaching $15 by the end of the year.

Presently, QSP bulls are in control, and liquidation is at around $0.14. Encouragingly, there are higher highs, reversing losses of late Mar 2021, realigning prices with the general buy trend. Notably, the contraction of QSP prices was with relatively low trading volumes.

QSP/USD Price Analysis

Quantstamp Weekly Chart for Apr 7

As volumes are lower than those that pushed QSP/USD towards $0.15 in early Feb 2021, there could be an opportunity for bulls to ramp up on dips. It is as long as buyers can sustain prices above the middle BB—the past three months’ flexible support line.

A comprehensive close above $0.15 confirms bulls of Apr 4 and 5, building a foundation for QSP demand with targets at Q2 2018 highs of $0.26.

Therefore, as QSP bull bars band along the upper BB—visible in the weekly chart in a trend definition, the zone enveloped by $0.07 and the middle BB could be loading zones for determined buyers.

Leaning on caution, unexpected shocks below $0.07 could deflate buyers’ hopes and spark a turnaround to $0.03.

Aion

The lift-off of the AION price continues to impress. After record expansions in the first quarter of the year, bulls are raving, ready to push prices even higher. As you can see in our long-term AION price forecast, bulls are prepared for a moonshot.

Week-to-date, the AION price is up 34 percent against the USD and stable on the last day. Technically, the AION price is at around new 2021 highs.

However, it concluded Apr 7 with an inverted hammer pointing to weakness in lower time frames. It is in sharp contrast with gains of Apr 5 and 6. Still, the sell-off doesn’t box out buyers in spite of the same pattern (inverted hammer) printing out in early Apr 7.

Candlesticks are banding along the upper BB—evident in the weekly chart. Also, lower lows attempts are met with a sharp reversal and support of AION prices by bulls.

AION/USD Price Forecast

Aion Price Daily Chart for Apr 7

Therefore, from AION/USD candlestick arrangements in the daily chart, every low may be a loading opportunity for aggressive bulls, provided prices are trending above the middle BB.

It will be especially the case once bulls break above Apr 6 highs of $0.47. In that case, the AION/USD may rocket to $0.60—the 1.618 Fibonacci extension level.

On the other hand, support will be between $0.20 and $0.30—the 50 and 23.6 percent Fibonacci retracement levels of the Q1 2021 trade range.

Sustained losses below $0.20 dashes bulls’ hopes.

Chart courtesy of Trading View

Disclaimer: Opinions expressed are not investment advice. Do your research.

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