LONG: $NKN (1W) Frame
Current Price $0.06
Market Cap $49.93M
Change 1h -1.05% | 24h +9.38%
Analysis:
NKNUSDT is showing a bullish setup with a falling wedge pattern and a strong bounce from the $0.0472 demand zone, indicating a potential end to its correction. This zone is crucial for liquidity, suggesting a likely reversal point. Watch the immediate resistance around $0.05 for a big buy opportunity.
Price Targets:
If the breakout sustains, the first price target is around $0.075. Further momentum could push it towards the internal supply zone near $0.14. The external supply zone at $0.80 is a more ambitious target if the bullish trend continues. Stay watchful, and happy trading!