CTK/USDT maintains a bearish trend, with a sharp drop that broke the support of $0.50 and reached a low of $0.45. This movement indicates increased selling pressure following a consolidation range.
For the decline to continue, the price must remain below $0.50. If this happens, it could head towards supports at $0.40 or $0.35. Traders should watch for a break below $0.45 to confirm the bearish trend, while recoveries towards $0.50 may present short re-entry opportunities.
The drop of BTC and ETH could also influence CTK, increasing selling pressure. As long as the bearish trend persists, there is room for further declines. It is advisable to monitor the market and adjust strategies as necessary.
