As CKB Price Approaches All-Time Highs, Bulls Expect
The bull run in the price chart seems unstoppable as Nervos Network’s trend reverses dramatically in 2024. After years of falling trend, CKB price reversed and rebounded, escaping the crypto winter, bringing the possibility of new all-time highs.
In addition, as the entire market is on the cusp of the blue ocean stage, such altcoins are the choice of smart investors. So, will CKB price break through the psychological barrier of $0.050 and hit a new all-time high?
With the arrival of the bull run, Nervos Network’s price has risen by 873%, and the market capitalization has exceeded $1 billion. The CKB token price is $0.03119, with an intraday increase of 8.68%.
On the weekly chart, CKB’s rally is close to the all-time high of $0.044, with a breakout surge. In addition, if the overall market maintains the recovery momentum, the rounding bottom reversal indicates a long-term uptrend.
On the daily chart, the altcoin completed a retest of the 78.60% Fibonacci level at $0.028875. This increases the probability of a continuation of the uptrend. Therefore, the intraday gains and successful reversal after the retest indicate an entry opportunity for the sidelines. EMA: The key weekly 200 and 50 EMAs are on the verge of their first positive alignment. This will mark a golden cross on the weekly chart, signaling a trend reversal. Will Nervos Network’s Bull Run Continue? As the market momentum increases, Nervos Network is positioned to profit the most from the recovery rally. Moreover, the price action and the golden cross indicate that CKB price will surge above $0.050. Based on the Fibonacci levels, a breakout rally could hit the $0.057 mark. On the other hand, a break below the $0.028 mark could hamper the recovery rally and retest $0.023. More dry goods strategies, fans who like spot and bull market spot. Click on my avatar to follow me, my bull market strategy deployment, free sharing to all fans.
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