The Nervos Network (CKB) is currently experiencing a surge in price amidst a volatile cryptocurrency market. While many cryptocurrencies have seen a decrease in value, CKB has seen a notable increase of 14.96% over the past 24 hours. However, there is concern over a bearish flag pattern that has emerged on the CKB daily chart, indicating a potential continuation of a downtrend. The outcome of this pattern will depend on market forces and trader reactions, with key levels to watch at $0.006 and $0.0076. If the support at $0.006 fails, a breakdown and further decline could occur. On the other hand, a bullish reversal is possible, with a resistance level at $0.0075. The 14-day Relative Strength Index (RSI) suggests a potential bullish reversal, but confirmation will depend on the closing of the daily candlestick above certain moving averages. A bullish breakout would require breaking past the bearish flag's upper boundary and the resistance level at $0.008638. The future price direction of CKB will be influenced by its market dynamics and volume.



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