NKN has been repeatedly testing a long-term descending trendline, signaling persistent bullish pressure. Despite multiple rejections, price is consolidating just beneath the resistance, showing buyers are stepping in around key demand zones.
If NKN manages a clean breakout above the trendline with volume confirmation, it could unlock a strong upside move toward the next resistance zone. Until then, price remains squeezed between resistance and strong support.
One to watch closely — a breakout here could shift momentum fast.
DYOR, NFA