Kyber Network up 23% while majors lag, cross‑chain DEX upgrades fuel bid

Kyber Network jumps about 23% in 24h as volume spikes on Kyber swap upgrades and new liquidity integrations.

Kyber Network Crystal (KNC) gained more than 23% in recent trading sessions, driven by increased trading volume and recent platform upgrades, according to market data.

The token’s advance contrasted with losses posted by several large-cap cryptocurrencies during the same period, according to trading data.

Trading volume for Kyber Network Crystal increased substantially in the short term, reaching levels not observed in recent months, according to exchange data. Elevated trading volume can amplify price movements when combined with buying pressure, market analysts noted.

Kyber Network announced several product enhancements to its decentralized exchange platform. The protocol expanded cross-chain functionality on its swap product, enabling users to exchange assets across multiple blockchains using liquidity from various providers in a single transaction, according to a company statement.

The platform also introduced Smart Exit, a feature for liquidity providers that automates position exits based on predefined conditions for profit-taking, risk management, or time-based parameters, according to the announcement. The feature has been deployed on select networks, with additional integrations planned, the company stated.

Kyber Network completed an integration with Vaultedge, bringing additional assets to the swap platform and expanding liquidity routing options, according to the company. Another integration is scheduled for future deployment, which is expected to further extend the platform’s liquidity access, the company said.

From a technical analysis perspective, the token broke above a short-term moving average that had previously acted as resistance, according to chart data. That level now represents a potential support zone, technical analysts noted.

Maintaining price levels above this support could indicate continued upward momentum toward nearby resistance levels, analysts said. A break above resistance may lead to additional gains, while a failure to hold support, particularly with declining volume, could result in a price retracement, according to technical analysis.