#CKBupdates Finally break silence $CKB (also known as Nervos Network) is currently experiencing an upward surge, with a notable 13% increase in the last 24 hours. The price is testing a recent high of $0.006070. Given the current momentum and MACD indicators showing positive growth, it seems like CKB could continue to rise, potentially reaching new highs if it breaks through resistance levels.

However, the price is still in a volatile zone, so the market could see pullbacks. If the price maintains above key support levels (around $0.005), CKB may continue its upward trend. Traders should keep an eye on any bearish divergences or signs of exhaustion that could signal a reversal.

$CKB /USDT: A Surge in Momentum with Potential for Further Gains

Current Price: $0.005624 (+13.00%)

24-Hour High: $0.006070

24-Hour Low: $0.004968

Volume: 1.46M CKB, 8.06M USDT

Key Technical Indicators

MACD: Positive momentum with a value of 0.000025, signaling upward price movement in the short term.

Price Action: A sharp rise from $0.004968 to $0.006070 indicates robust buying pressure, suggesting further bullish potential.

Support and Resistance Levels:

Support: $0.004968 (recent low level)

Resistance: $0.006070 (recent high level)

Short and Long Trade Signals:

Long Trade Signal: Consider entering a long position if the price breaks above the $0.006070 level with increased volume, confirming further upward momentum.

Conclusion:

CKB/USDT has seen a solid uptrend, but the resistance at $0.006070 could hold the price for now. Watch for a breakout above this level to confirm continued bullish action, while a drop below $0.004968 could signal a reversal. Keep an eye on volume and the MACD for confirmation of trade signals.