#CKBUSDT May expect a big correction.

https://coinmarketcap.com/community/articles/65ce1b314329325bb3810f3d/

Measured from a market range of between the June 2023 lows of $0.0021 and the February highs of $0.0153, the Nervos Network price is trading above the 78.6% Fibonacci level of $0.0125. The Relative Strength Index (RSI) is sitting at 91, showing that CKB is already massively overbought, which means a correction could be due.

To reinforce the correction supposition, the Nervos Network price has also broken above the upper boundary of the Bollinger indicator at $0.0107. This also suggests a correction is underway.

Traders looking to open new positions for the Nervos Network price should probably wait because the risk of a price drop is high now. Those with current open positions on the other hand should probably leave them open because the trajectory of the RSI suggests momentum is still rising. This means the Nervos Network price could still extend the gains.

Such a directional bias could see the CKB price recover the range high of $0.0152, nearly 10% above current levels.

As it has already topped, So think before investing.#Write2Earn