Nervos Network — More Downside (Short-Term) 🚨
Although Nervos Network (CKB) has been one of the top performers lately, the current chart doesn't look too bullish—at least short-term.
The token formed a double top at 0.0185, which led to a price drop. It is important to know that the drop started prior to the overall market turbulence and was clearly a result of the double top.
In the short term, there's a huge potential for a further decline. A retest of the former resistance level at 0.0128 is likely.
However, flipping this level into support would build the perfect foundation for the next leg up. If this level breaks, too, 0.015 will be on the radar.
