📉$NKN / USDT – Continuing Downtrend on the 4-Hour Chart
$NKN is currently trading at $0.0383, down -4.25% today and showing a -1.03% decrease over the last 4 hours. The price remains below the $0.04 level after hitting a 24-hour high of $0.0409. The trend on the 4-hour chart suggests continued selling pressure.
Key Points:
* The price is making lower highs, indicating a bearish trend.
* It's currently hovering above the 24-hour low of $0.0366. A break below this level could signal further declines.
Levels to Watch:
* Resistance: The $0.0400-$0.0410 area and previous highs.
* Support: The $0.0366 level and potentially lower levels if the downtrend persists.
Traders should exercise caution and look for signs of a potential reversal or further downside.
