$CKB
CKB/USDT Analysis 📊
CKB's price is currently hovering around the $0.008992 mark, a 12.27% increase from its previous close and this price point is indicating that it is close to making a move out of the falling wedge shape it has created on the charts.
Key Levels to Watch:
Support Zone: $0.006767 – $0.006092 – This area has provided good support, and although CKB decreased below this area, it is encouraging to see buyers came in.
Resistance Levels:
$0.011161 (PMH) – The maximum monthly price resistance level could also pose a barrier any attempt at a breakout.
Target Zone: $0.021000 - $0.025000 – In the event that CKB does go for genuine breakouts, then this zone could on the charts, become the next main point of interest/target, as it marks a previously significant zone of supply.
Possible Scenarios:
Bullish Breakout: A vigorous rally towards the $0.021000 - $0.025000 zone should be witnessed once CKB surpasses $0.011161 resistance as it marks a wide area of strong resistance.
Bearish Continuation: If resistance is not breached and CKB goes to the support zone of $0.006767 - $0.006092 rather than heading towards the targets indicated, then there will be another attempt at break out after yet another retreat.
