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Is Nervos Network (CKB) Heading the Right Direction Sunday?

Sunday, May 01, 2022 12:10 PM | InvestorsObserver Analysts
Is Nervos Network (CKB) Heading the Right Direction Sunday?

InvestorsObserver gives Nervos Network an average long-term technical score of 42 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. CKB at this time has a superior long-term technical analysis score than 42% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 42
InvestorsObserver is giving Nervos Network a 42 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Nervos Network!

Trading Analysis

The current trading price of $0.008815545 for CKB is -$0.0037150 (-29.65%) below the coins 100-day moving average of $0.012530550. CKB meanwhile is $0.0009431 (-139615.80%) above its 52-week low of $0.007872450 and -$0.03185421 (-24566.62%) under its 52-week high price of $0.040669750. Nervos Network's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 42. The price movement and range of CKB suggest that investors are bearish on the coin at this time. Nervos Network currently has a total market cap of $270,527,699.80 to go along with its average daily volume of $31,595,655.46 worth of the currency over the past seven days. CKB's volume is below its seven day average as of the past 24 hours, with 4,968,298.34 exchanged in that period.

Summary

Technical analysis of Nervos Network over the past year results in the crypto receiving a an average long-term technical score of 42 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Nervos Network (CKB).

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