$CKB has shown a price decrease of 1.847% over the last 24 hours.
The trading range was relatively tight, with a 24h high of 0.00338 and a low of 0.003223.
Currently, it operates within the Bollinger Bands, suggesting limited volatility.
The upper band at 0.00334 and lower band at 0.00323 reflect this context.
Support remains at 0.003223, while resistance is positioned at 0.00338, indicating a bearish trend.
The overall market sentiment is down, potentially due to macroeconomic factors like inflation and regulatory uncertainties.
Bitcoin's influence appears to be minimal currently, but it’s often a bellwether for altcoin movements.
Traders may consider a short-term strategy given the current volatility and bearish trend.
Key takeaway: Monitor macroeconomic indicators closely, as they could drive a pivotal shift in CKB’s price action ahead.
