Technical Analysis of CTK Coin
CTK Coin is the native token of the CertiK project, which focuses on blockchain security and smart contracts.
🔐 Goals of the CertiK Project:
1. Smart Security Audit: Provides review services for smart contracts and cryptocurrency projects to detect security vulnerabilities.
2. Official Code Verification: Uses mathematical tools to verify the correctness of the code.
✅ Support Areas:
1. 0.2640 USDT – Strong support where previous bounces occurred.
2. 0.2520 USDT – 99-period moving average intersection, forming solid support.
3. 0.2426 USDT – Clear support from a previous low.
✅ Resistance Areas:
1. 0.2978 USDT – The recent peak.
2. 0.3050 USDT – Potential price rejection area.
3. 0.3294 USDT – Clear historical resistance from the long candle.
🎯 Buy Targets – If the upward momentum continues:
First Target: 0.2978 USDT
Second Target: 0.3050 USDT
Third Target (Long-term): 0.3290 USDT
⚠️ Important Notes:
The RSI indicator on the 4-hour frame is near 88, indicating overbought conditions, and a correction may occur soon.
If support at 0.2640 is broken, watch the level of 0.2520 for a better buying opportunity.
The moving average MA(25) is close to 0.2714, reinforcing the importance of this area as short-term support.
📌 Recommendation:
Buying after retesting the area of 0.2640 - 0.2710 will be safer.
It is not advisable to enter currently except after confirming a break of 0.2980 with strong trading volume.
