CandleFocus Nervos Network (CKB) Skyrockets by 100%, Price Correction Ahead?
2024-09-18
Author: Content Editor
Nervous Network's (CKB) performance has outperformed major cryptocurrencies like BTC, ETH, and SOL, gaining attention from investors and traders. CKB has seen a significant price surge and substantial whale activity, with a 100% increase in recent days. However, expert analysis suggests that CKB may face a price correction in the short term. The price has reached a strong resistance level and has fallen over 15% in the past 12 hours due to selling pressure. If CKB breaches the resistance level and closes above it, there is a high chance of a 25% rise. On-chain metrics indicate a mixed sentiment, with a 2% drop in future open interest, possibly attributed to profit-taking and long liquidations. The Long/Short ratio suggests a bullish market sentiment.
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