The cryptocurrency market will end the week on a positive note after adding more than 2% to its value in the last 24 hours.

The broader crypto market has added more than 2% in the last 24 hours. The total cryptocurrency market capitalization is now at $1. 26 trillion.

Bitcoin is trading above $30k again after spending the majority of this week below this threshold. Ether, the world’s second-largest cryptocurrency by market cap, is trading at $2,000 again after adding more than 2% over the past few hours.

KNC, the native token of the Kyber Network Crystal, is the best performer amongst the top 100 cryptocurrencies by market cap. Over the last 24 hours, KNC has added more than 24% to its value.

The primary driver behind this rally is the KyberSwap refer campaign. The Kyber Network team announced via Twitter on Friday that it would be giving away $2,000 in KNC tokens to the lucky winners.

The team said ten random lucky winners would walk away with $200 in $KNC rewards.

Introducing #KyberSwap‘s Referral Campaign! $2000 in $KNC Rewards Up for Grabs When You Share!

10 random lucky winners walking away with $200 in $KNC rewards!

Campaign is from 20 May to 26 May so hurry!

Learn how you can participate: https://t.co/HrsA5tIjNN

— Kyber Network (@KyberNetwork) May 20, 2022

Key levels to watch

The KNC/USD 4-hour chart is currently the most bullish amongst the top 100 cryptocurrencies by market cap. Its technical indicators indicate that it has outperformed many coins of today.

The MACD line is higher than the neutral zone, which indicates a positive momentum. The 14-day relative strength index of 71 shows that KNC could soon enter the overbought region.

KNC trades at $2. 779 per coin. KNC could rise above the $3 resistance level if the rally continues. 13 before the end of the day. KNC could trade above $3.5 resistance level if it shows a prolonged positive performance. This would be the first time that KNC has traded above $3.5 in three weeks.