Nervous Network Price Prediction 2021 – Will CKB Hit $0.5 Soon?

Bullish CKB price prediction ranges from 0.025 to 0.044.
CKB price might also reach $0.5 soon.
CKB bearish market price prediction for 2021 is $.0.5

In Nervous Network (CKB) price prediction 2021, we use statistics, price patterns, RSI, and much other information about CKB to analyze the future movement of the cryptocurrency.

The Nervos Network explains itself as an open-source public blockchain ecosystem and collection of protocols. The Nervos CKB (Common Knowledge Base) is the layer 1, proof of work public blockchain protocol of the Nervos Network. It reportedly enables any crypto-asset to be stored with the immutability, security, and permissionless nature of Bitcoin while allowing smart contracts and layer 2 scaling. Moreover, it focuses on getting the total network value via its “store of value” crypto-economic design and native token, the CKByte.

Nervous Network (CKB) Current Market Status

According to CoinGecko, the Nervous Network price is trading at $0.019 with a 24-hour trading volume of $46,027,224, at the time of writing. However, CKB has decreased by 1.3% in the last 24 hours.

CKB holds the 112th position on CoinGecko right now. Moreover, CKB has a circulating supply of 26.63B CKB. Currently, CKB trades in cryptocurrency exchanges such as Binance, Huobi Global, CoinTiger, HitBTC, and XT.COM.

Nervous Network (CKB) Price Prediction 2021

Nervous Network (CKB) Price Prediction 2021, the daily time frame chart below shows the Channel Trend pattern or Bullish Flag pattern of Nervous Network (CKB).

Moreover, a bullish channel is a continuation chart pattern. This pattern is created by two parallel bullish lines. More so, the price proceeds between these two parallel trend lines. Even more, the upper trend line is called the resistance line and the lower trend line is indicated to be the support line.

CKB/USDT Price Chart (Source: TradingView)

Resistance Level 1 – $0.025
Resistance Level 2 – $0.042
Next Resistance Level 3 – $0.044
Support Level 1 – $0.015
Support Level 2 – 0.0098

The chart above shows that CKB has performed great over the past month. Moreover, the CKB price is over 37% in the last 7 days. If this trend continues, CKB might run along with the bulls, overtaking its $0.025 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone CKB from its uptrend position. In simpler terms, the price of CKB might plummet to almost $0.0098, a bearish signal.

Meanwhile, our long-term CKB price prediction 2021 is bullish. It has a huge possibility of surpassing its current all-time-high (ATH) this year. However, this will only happen if it breaks many past psychological resistances.

Nervous Network (CKB) RSI, MACD, MA, and EMA

The below chart shows the Moving Average Convergence/Divergence (MACD) of CKB. Notably, the MACD (blue) stays just above the signal indicator (orange line). This means that cryptocurrency traders can still expect more bulliish days ahead.

In contrast, if the MACD begins to move below the signal indicator and performs a bearish crossover. Then the crypto has a high chance of reaching new lows.

CKB RSI and MACD (Source: TradingView)

Now let’s look at the relative strength index (RSI) of CKB. As shown in the chart above, the RSI remains at level 50. This shows that the CKB price is in nearly oversold state. However, the traders need to trade carefully because major price reversal could happen soon.

CKB’s Moving Average (MA) and Exponential Moving Average (EMA) is shown in the below chart. Moreover, MA is a part of technical analysis that helps crypto traders to recognize crypto signals. While EMA is a type of moving average.

CKB 30-day SMA and 50-day EMA (Source: TradingView)

From the starting of 2021, it is very obvious that the CKB price has seen many bullish trends. Furthermore, considering all these into account, CKB could have a competitive market in 2021.

Conclusion

With the further developments and upgrades that are happening within the CKB platform. The cryptocurrency CKB has a great future in upcoming days in this crypto market. However, it is possible to see CKB reaching new heights.

Bullish CKB price prediction 2021 is $0.044. As said above, it may reach even high heights, however reaching $0.5 if investors have planned that CKB is a good investment in 2021.

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Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

The post has appeared first on thenewscrypto.com

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

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