- The Karmaverse price has been struggling below the 200-day EMA for a long time.
- The RSI has supported the RSI-based moving average and is heading toward the overbought zone.
The KNOT price has been in a bearish trend for over a year and is trading near an all-time low. The bears are in control and have witnessed intense selling pressure. The KNOT crypto price is struggling below the 200-day EMA and has been declining by facing resistance from the 200-day exponential moving average.
On March 24, the Karmaverse (KNOT) price was pumped by 28%, but it failed to sustain and was dumped in a few hours. Recently, the price has surpassed the 20-day EMA, and buyers are trying to pump the price, but sellers are dominating over time.
Current price – $0.0150 Fear & Greed Index – 81 (Extreme Greed)
Volume – 27K Price Prediction – $0.0176 (17.56%)
Market cap – Green Days – 12/30 (40%)
Sentiment – Bullish 200-day EMA – $0.0195
Volatility – 5.24% RSI – 55.66
According to our technical analysis, the Karmaverse crypto price is predicted to gain 17.56% to reach $0.0176 on March 31, 2024. The fear and greed index is 81 (extreme greed), and the volatility is 5.24%. The KNOT price has remained bullish for 12 days in the last 30 days, which shows the strength of sellers.
The current market price of Karmaverse is $0.0150, which has risen by 0.41% in the last 24 hours. The fully diluted market capitalization is $3.16 million, and the 24-hour trading volume is $27K.
KNOT Price is at the Bottom; Will It Rise or Sink?
During the daily time frame, the KNOT price follows a negative trend and has reached an all-time low. Since September, the trading volume has increased by 200%, but the price has reacted negatively.
KNOT crypto price has surpassed the 20-day exponential moving average and risen by 7%. If the Karmaverse price sustains over the 20-day EMA, then buyers may lift the price to the 200-day EMA. Suppose the KNOT crypto price manages to surpass the strong resistance level of $0.0220, then the buying signal can be generated, and buying momentum for the short term can be expected.
On the other hand, if the Karmaverse price fails to sustain over the 20-day EMA, sellers may drag the price to a new all-time low. If the price fails to defend the $0.0130 mark, it may continue the bearish trend.
Turning to the technical indicators, the KNOT price is trading below the significant moving average, showcasing the bearish trend. The RSI is at 55, which has risen from the oversold zone, indicating bullish momentum for the short term.
KNOT Price Technical Analysis Over 4-H Timeframe
In a 4-H time frame, the KNOT crypto price has been struggling between $0.0130 and $0.0160 for the last few weeks. The price slipped below the parallel channel a few weeks ago, but buyers lifted it.
The KNOT price has triggered a pullback and taken support on the 200-day EMA. A bullish crossover has been generated between the 20-day EMA and 200-day EMAs, indicating buying momentum.
Suppose the Karamverse price surpasses the resistance level of $0.0160 and sustains it, and then buying momentum for the short term can be expected. Alternatively, if the price slips below $0.0130, then bears may dominate further.
Conclusion
The KNOT price has been on a bearish trend in a broader time frame, but bulls are active in the short term. The price has been struggling between the 200-day exponential moving average. Suppose the price slips below the $0.0130 mark, then it may record a new all-time low, and a buying signal can be generated over the 200-day exponential moving average.
Technical Levels
Resistance: $0.0170 & $0.0220
Support: $0.0130 & $0.0120
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.