It's time to know about another coin
Current Price: $0.0156
Market Cap: $704 million
1W Trading Volume: $3.35 billion
Percentage change in Price (1W): +81.5%
Analysis:
Nervos Network, recently joining the top 100 cryptos by market capitalization, has experienced a significant rally in recent days. Over the past week, CKB price surged nearly 90%, and over 120% from September's lows to highs. While a slight price correction has occurred, it is expected after such a steep climb. CKB has broken through all Fibonacci resistance levels for September and could continue its rally to reach $0.02 before month's end. A positive golden crossover of the 50-day and 200-day Exponential Moving Averages is anticipated, reversing the death cross caused by the mid-April 2024 correction. Additionally, strong support for Nervos Network price is expected near the psychological $0.01 level, which aligns with both the 50-day and 200-day EMAs $BTC $ETH $SOL $CKB
