KNC At The Edge Of A Multi Year Break – Big Move Loading

KNC is currently trading inside a broad falling channel that has been developing for several years. Price is now approaching the lower boundary of the structure, an area that has historically produced strong reaction moves.

The recent breakdown on the lower timeframe aligns with the weekly falling wedge, which suggests that volatility may expand in the coming sessions. As long as price holds above the long term support zone, the possibility of a recovery wave remains active.

The market is at a decision point. A reclaim of the local trendline would support a bullish cycle toward the upper resistance band. Failure to hold this zone, however, may push price deeper into the macro support line before a larger reversal attempts to form.

Key Notes:
• Price is approaching multi year demand inside the falling channel
• Weekly timeframe supports the potential for a major reversal
• Lower timeframe shows a compression that can break either direction
• Volatility will expand once the structure resolves
• Trendline reclaim opens room for a bullish continuation

Invalidation: A clean breakdown below the macro lower trendline removes the bullish recovery scenario.

Simple View: KNC is sitting at a macro support zone. A bounce can trigger a meaningful recovery, but losing this area would expose deeper downside. This is a region to watch closely.