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KNC Climbs 20% to Hit $2; Technicals Suggest Rally Towards $2.78

Kyber Network’s native token KNC appreciated enormously on Friday, with its price hitting $2 for the first time since May 2018. The 41nd-largest cryptocurrency market cap surged 20 percent in the last 24 hours. The gains appeared without any real fundamental catalysts, pointing to more considerable price speculation among daytraders who rely on chart signals. KNC’s price appreciation also followed a massive upside rally. The token earlier rose by more than 1,000 percent for the year against the US dollar that benefited investors with holding sentiment. Meanwhile, its upward trend met multiple downside corrections, illustrating daytraders securing their profits. Kyber…

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