$CTK CTK/USDT: Down by 5.46% - Testing Critical Support Levels šŸšØ

CertiK (CTK) is currently trading at $0.7520, experiencing a 5.46% decline over the last 24 hours. The coin has hit a 24-hour low of $0.7501, indicating strong selling pressure.

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Key Metrics:

24H High: $0.8334

24H Low: $0.7501

Volume: 2.13M CTK

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Technical Analysis:

Immediate Support: $0.7500 (critical for stability).

Immediate Resistance: $0.7700 (first key hurdle to overcome).

MACD: Indicating bearish momentum, but nearing oversold levels.

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Trade Setup:

1ļøāƒ£ Buy Zone: Look for accumulation around $0.7450ā€“$0.7500 for potential rebounds.

2ļøāƒ£ Targets:

Short-Term: $0.7700

Mid-Term: $0.8000

3ļøāƒ£ Stop Loss: $0.7400 (to manage downside risk).

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Insights:

Oversold Potential: CTK appears oversold, increasing the likelihood of a technical rebound.

Volume Check: Monitor for increased buying volume near $0.7500 for signs of recovery.

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šŸ“¢ Stay cautious with tight stop-losses as the market remains volatile. Breakouts above $0.7700 could confirm a short-term bullish reversal.

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