Technical Analysis for $CKB

/USDT

Current Price: 0.012607 USDT

24h Movement: +7.45%

Trend: Bullish

The price is currently moving upward, above the 24-hour low and high, with significant buying pressure.

Key Support and Resistance Levels:

Support: 0.011655

Resistance: 0.012956

The current price is testing the near-term resistance level around 0.012956. A break above this level could lead to further bullish movement.

Trade Signal:

Momentum: Positive (bullish), confirmed by the price increase and volume. RSI indicates a potential continuation of the trend if it holds above 0.012250.

MACD: Bullish crossover, confirming upward momentum.

Trade Setup & Target Levels:

1. Target 1: 0.013010 (near-term resistance)

2. Target 2: 0.013500 (next major resistance point)

3. Target 3: 0.014000 (further upward breakout if momentum persists)

Risk Management: Place stop loss around 0.011700 (below support) to safeguard against a price reversal.

The overall trade sentiment is bullish, with moderate-to-strong momentum indicating potential for gains towards target levels.

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