*CKBUSDT is looking bullish right now!*
Its price has touched a strong support level on the weekly chart and is bouncing back, indicating a potential bullish move from the current level. The Relative Strength Index (RSI) has dropped below 30 on the daily chart, which is another bullish sign for CKB.
Key Levels to Watch:
- Support Area: $0.0079, $0.008700, and $0.010449
- Resistance Levels: $0.0135, $0.0158, $0.0181, $0.0192, $0.020, and $0.0208
Some analysts predict a 300-500% gain in the longer term, considering CKB's unique layer 1 solution, interoperability, growing developer community, and strategic partnerships. Others see a potential breakout above the channel and completion of the Inverted Head & Shoulders pattern, targeting $0.15 and $0.5.
Trade Ideas:
- Buy: Consider buying CKBUSDT around $0.011000, targeting $0.015500, $0.019000, and $0.02230
- Scalping Trade Setup: Entry at CMP, accumulate up to $0.0164, stop loss at $0.01572, leverage 5x-10x, targets at $0.0181, $0.0192, $0.020, and $0.0208
Keep in mind that cryptocurrency markets are highly volatile, and CKB's value can fluctuate rapidly. Always do your own research and consider multiple sources before making investment decisions.
