Nevos Network (CKB) is located at a critical turn because it moves in a volatile encoded currency market. At the time of the press, CKB has been trading at $ 0.007, which reflects a noticeable increase of 14.96 % over the past 24 hours.
It is worth noting that Nevos Network is among the few encrypted currencies that were bullies today, as the maximum Crypto Global market decreased by 1.35 % over the last day to $ 2.77 trillion.
Bitcoin (BTC) decreased to less than 84 thousand dollars, while ETHEREUM (ETH) hovering about $ 2.2,000.
However, the pattern of landfinch appeared on the CKB Daily chart, which raised questions about its next step.
The artistic style of downtoms often indicates the continuation of the declining direction, and merchants are closely seen.
The direction of the future price depends on the main price levels.
The main nervos network levels to watch
It is worth noting that the declining science pattern is formed after a period of monotheism after a sharp decrease from the highest levels of December 2024.
This style usually indicates that sellers may still dominate.
However, the result of the declining science depends on the market forces and trading reactions, with immediate key levels to watch lying at $ 0.006 and $ 0.0076.
If the support fails at $ 0.0060, the collapse may be imminent, which may lead to the sale of panic, which will lead to an amplification of the declining direction.
This, in turn, would test the long -term holder’s determination.
Such a step may pay CKB about $ 0.0050 or even a decrease to a decrease of $ 0.003 in January 2024, with a wider decrease of 54.0 % during the past year.
It is important to note that the 24 -hour trading range ranges between $ 0.005818 and 0.007825 dollars, which indicates severe fluctuation with the minimum level already less than $ 0.006.
On the other hand, the bullish reflection of the NERVOS network remains, as the immediate resistance level is currently sitting at $ 0.0075.
The 24 -day relative index (RSI) exceeds higher than the middle level next to a front zone, which enhances the chances of upscale reflection, although the current daily candlestick will have to close the averages for 9 days and 21 days until the reversal is confirmed.
A higher restaurant of resistance level may attract $ 0.0075, a new capital supported by active and technical communities in CKB, which leads to the renewal of a buyer momentum, and CKB may lead about $ 0.0080 or after that.
In order to confirm the bullish penetration, the price must exceed the upper limits of the declining science at about $ 0.0077 and rises above the resistance level at $ 0.008638.
The failure to do this still maintains a declining outbreak on hand, and seeing that the price is currently swinging between $ 0.0048 and $ 0.0077.
With a trading trading of 46,036,414,597 and the total total supply of 46,758,648,345, market dynamics in CKB can quickly turn if the volume supports an upward boost.
It is worth noting that the broader Nervos Network performance provides evidence of what can be expected in the next few days.
Post Nervos Network (CKB) Outlook: What is the next after forming a landfill? First appeared on Invezz
