$CTK
/USDT Technical Analysis (1H Chart)
Current Price: $0.3033 (+0.63%)
24h Range: $0.2953 – $0.3117
Key Support: $0.2950
Resistance Zone: $0.3097 – $0.3117
MA Indicators:
MA(5) = $0.3044 (slightly bearish)
MA(10) = $0.3033 (flattening)
🔍 Analysis:
CTK has been ranging sideways after bouncing from the $0.2950 support level. The price is hovering around the 10-period MA on the hourly chart, indicating indecision in the market. Volume has dropped significantly since the last spike, suggesting a potential breakout could be brewing once volume returns.
The $0.3097–$0.3117 area acts as immediate resistance. A breakout above this could trigger a short-term bullish rally.
📈 Trading Signal:
Entry (Buy): Above $0.3117 (confirmation breakout)
Target 1: $0.3180
Target 2: $0.3260
Stop Loss: $0.2950
🟡 Alternative Play (Scalp): Buy near $0.2950 support, target $0.3090, tight SL below $0.2920.
⚠️ CTK remains in a long-term downtrend (1Y -50.98%), so trade with caution. Stick to short-term setups until a broader reversal confirms.
