$BTC /USDT Showing Downward Pressure After Recent High
Hey everyone,
Let's take a look at the $CTK chart. The current price of CertiK is at $0.4136, showing a decrease of -7.99% today.
Looking at the last 24 hours, CTK ranged from a Low of $0.4103 to a High of $0.4523. The 24h Volume stands at 8.89M CTK, which is equivalent to 3.81M in USDT.
The chart shows a pullback after testing the recent high. We can see a series of red candles indicating selling pressure. The price is currently near the 24-hour low, suggesting potential for further bearish movement if this level is broken.
Traders will likely be watching the $0.4103 level closely as a key support. If the price breaks below this, we might see a further decline. On the upside, a significant move above the recent highs would be needed to signal a potential trend reversal.
Key points to observe:
Resistance: The recent high of $0.4523 is acting as a potential resistance level.
Support: The 24-hour low of $0.4103 is a crucial support level to monitor.
Trend: The short-term trend appears to be bearish after the rejection at the high.
What are your thoughts on CTK's current price action? Do you anticipate a break below the support, or do you see a potential for a bounce back up? Share your analysis!
