$CTK $CTK

Based on the provided data for $CTK /USDT, here’s a technical overview:

Key Levels:

Current Price: $0.5848

24h High: $0.6484

24h Low: $0.5764

Moving Averages:

MA (7): $0.6045

MA (25): $0.6280

MA (99): $0.5776

Analysis:

The current price of $0.5848 is below the 7-day and 25-day moving averages, indicating bearish momentum. However, it is hovering just above the 99-day MA ($0.5776), suggesting this could act as a support level.

Recommended Trade Levels:

Resistance Levels:

First Resistance: $0.6045 (MA 7)

Next Resistance: $0.6280 (MA 25)

Entry Level (Long): Consider entering near $0.5780 if it confirms support.

Stop Loss: Set at $0.5700 to manage risk if price breaks below support.

Target Levels: $0.6045 (first target) and $0.6280 if bullish momentum strengthens.

If CTK/USDT drops below the 99-day MA, it may indicate further downside, so a cautious approach is recommended.

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