$CKB As of today, the sentiment surrounding Nervos Network (CKB) is cautiously bullish. Recent technical analysis indicates that CKB has been making a recovery after a period of market downturn. Its price is currently showing signs of upward momentum, although it remains trapped in a consolidation phase, facing resistance at key levels. The Relative Strength Index (RSI) is nearing overbought territory, signaling potential for growth but also caution against short-term volatility.
For a near-term target, CKB could potentially test $0.007, with a support level around $0.005, and a more optimistic bull run could see prices approach $0.046 by 2024. Considering its current price around $0.013206, buying near this level could be favorable if you anticipate a gradual climb within the next few months.
Target Price: $0.046 (bullish case)
Buy Price: Around $0.013
Support: $0.005
However, any sharp drop below $0.005 would be concerning, signaling a potential bearish trend.