$NKN has experienced a sharp decline of 7.358% over the past 24 hours.
The price has fluctuated between 0.0301 and 0.0274, currently testing crucial support at 0.0274.
Market sentiment appears to be cautious, with traders reacting negatively to the recent downturn.
With an RSI of 28.57, NKN is in oversold territory, indicating potential for a short-term rebound.
Should the price break below support, further declines could occur, while a bounce could re-test resistance at 0.0301.
No significant news has emerged that might influence price action in the immediate term.
