Bullish CKB price prediction for 2024 is $0.024948 to $0.046733.
Nervos Network (CKB) price might reach $0.03 soon.
CKB price prediction for 2024 is $0.007209.
In this Nervos Network (CKB) price prediction 2025, 2026-2030, we will analyze the price patterns of CKB by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.Â
TABLE OF CONTENTS INTRODUCTION
Nervos Network (CKB) Current Market Status
What is Nervos Network (CKB)?
FNervos Network (CKB) 24H Technicals
NERVOS NETWORK (CKB) PRICE PREDICTION 2024
Nervos Network (CKB) Support and Resistance Levels
Nervos Network (CKB) Price Prediction 2024 â RVOL, MA, and RSI
Nervos Network (CKB) Price Prediction 2024 â ADX, RVI
Comparison of CKB with BTC, ETH
NERVOS NETWORK (CKB) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ
Nervos Network (CKB) Current Market Status
Current Price $0.01566 24 â Hour Price Change 1.29% Up 24 â Hour Trading Volume $218,331,888 Market Cap $704,087,015 Circulating Supply All â Time High $0.04412 (On Mar 31, 2021) Â All â Time Low $0.002083 (On Dec 20, 2022) Â
CKB Current Market Status (Source: CoinMarketCap) What is Nervos Network (CKB)? TICKER CKB BLOCKCHAIN Nervos Network CATEGORY Utility Token LAUNCHED ON November 2019 UTILITIES Store data, transaction fees, staking, and governance.
Nervos is a blockchain platform that aims to provide a more secure and decentralized infrastructure for dApps, DeFi, and other blockchain-based solutions. CKB is the native cryptocurrency of the Nervos Network. Itâs used to store data, execute smart contracts on the platform, and for staking and governance.
CKB was launched in November 2019. Nervos has a unique dual-layer architecture. Further, the base layer called the Common Knowledge Base (CKB), handles the consensus mechanism and asset storage, while the second layer processes transactions and computations.
Moreover, CKB powers the ecosystem by paying miners, managing resources, and allowing users to store data securely. Nervos also lets developers build dApps and smart contracts compatible with multiple blockchain systems.
Nervos Network (CKB) 24 Hours Technicals
(Source: TradingView ) Nervos Network (CKB) Price Prediction 2024
Nervos Network (CKB) ranks 83rd on CoinMarketCap in terms of its market capitalization. The overview of the Nervos Network (CKB) price prediction for 2024 is explained below with a daily time frame.
CKB/USDT Descending Channel Pattern (Source: TradingView )
In the above chart, Nervos Network (CKB) laid out an Descending Channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
At the time of analysis, the price of Nervos Network (CKB) was recorded at $0.015587. If the pattern trend continues, then the price of CKB might reach the resistance levels of $0.017705, $0.036662, and $0.0944701. If the trend reverses, then the price of CKB may fall to the support of $0.007210.
Nervos Network (CKB) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Nervos Network (CKB) in 2024.
CKB/USDT Resistance and Support Levels (Source: TradingView )
From the above chart, we can analyze and identify the following as resistance and support levels of Nervos Network (CKB) for 2024.
Resistance Level 1 $0.024948 Resistance Level 2 $0.046733 Support Level 1 $0.013272 Support Level 2 $0.007209
CKB Resistance & Support Levels Nervos Network (CKB) Price Prediction 2024 â RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Nervos Network (CKB) are shown in the chart below.
CKB/USDT RVOL, MA, RSI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the current Nervos Network (CKB) market in 2024.
INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $$0.009276Price = $0.015671(50MA < Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 74.243876<30 = Oversold50-70 = Neutral>70 = Overbought Overbought Relative Volume (RVOL) Assetâs trading volume in relation to its recent average volumes Below cutoff line Weak volume
Nervos Network (CKB) Price Prediction 2024 â ADX, RVI
In the below chart, we analyze the strength and volatility of Nervos Network (CKB) using the following technical analysis indicators â Average Directional Index (ADX) and Relative Volatility Index (RVI).
CKB/USDT ADX, RVI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the price momentum of Nervos Network (CKB).
INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 31.259204 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 44.96<50 = Low>50 = High Low volatility
Comparison of CKB with BTC, ETH
Let us now compare the price movements of Nervos Network (CKB) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs CKB Price Comparison (Source: TradingView )
From the above chart, we can interpret that the price action of CKB is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of CKB also increases or decreases respectively.
Nervos Network (CKB) Price Prediction 2025, 2026 â 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Nervos Network (CKB) between 2025, 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish Price Nervos Network (CKB) Price Prediction 2025 $0.065 $0.0024 Nervos Network (CKB) Price Prediction 2026 $0.076 $0.0029 Nervos Network (CKB) Price Prediction 2027 $0.045 $0.0021 Nervos Network (CKB) Price Prediction 2028 $0.038 $0.00356 Nervos Network (CKB) Price Prediction 2029 $0.032 $0.0065 Nervos Network (CKB) Price Prediction 2030 $0.056 $0.0076
Conclusion
If Nervos Network (CKB) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Nervos Network (CKB) price prediction for 2024 is $0.046733. Comparatively, if unfavorable sentiment is triggered, the bearish Nervos Network (CKB) price prediction for 2024 is $0.007209.Â
If the market momentum and investorsâ sentiment positively elevates, then Nervos Network (CKB) might hit $0.03. Furthermore, with future upgrades and advancements in the Nervos Network ecosystem, CKB might surpass its current all-time high (ATH) of $$0.04412, and mark its new ATH.Â
FAQ
1. What is Nervos Network (CKB)
Nervos Network (CKB) is a decentralized blockchain platform designed to support dApps, DeFi, and multi-chain interoperability, with its native token CKByte used for storage, transactions, and governance.
2. Where can you purchase Nervos Network (CKB)?
Nervos Network (CKB) has been listed on many crypto exchanges which include Binance, KuCoin, Crypto.com Exchange, etc.
3. Will Nervos Network (CKB) reach a new ATH soon?
With the ongoing developments and upgrades within the Nervos Network Platform, CKB has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Nervos Network (CKB)?
On Mar 31, 2021, Nervos Network (CKB) reached its new all-time high (ATH) of $0.04412.
5. What is the lowest price of Nervos Network (CKB)
According to CoinMarketCap, CKB hit its all-time low (ATL) of $0.002083, On Dec 20, 2022.
6. Will Nervos Network (CKB) reach $0.03?
If Nervos Network (CKB) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.03 soon.
7. What will be Nervos Network (CKB) price by 2025?
Nervos Network (CKB) price is expected to reach $ 0.065 by 2025.
8. What will be Nervos Network (CKB) price by 2026?
Nervos Network (CKB) price is expected to reach $0.076 by 2026.
9. What will be Nervos Network (CKB) price by 2027?
Nervos Network (CKB) price is expected to reach $0.045 by 2027.
10. What will be Nervos Network (CKB) price by 2028?
Nervos Network (CKB) price is expected to reach $0.038 by 2028. Â
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Disclaimer: The opinion expressed in this chart is solely the authorâs. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
