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Is Nervos Network (CKB) Heading the Wrong Direction Wednesday?

Wednesday, January 19, 2022 06:31 AM | InvestorsObserver Analysts
Is Nervos Network (CKB) Heading the Wrong Direction Wednesday?

InvestorsObserver gives Nervos Network a strong short-term technical score of 87 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. CKB has currently traded better than 87% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 87
InvestorsObserver is giving Nervos Network a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Nervos Network!

Trading Analysis

Nervos Network is $0.001752 (9.91%) above its 30-day low of $0.017680218 while -$0.005172 (-21.02%) below its 30-day high of $0.02460461. In addition, CKB's current price of $0.019432312 is under its 30-day moving average price of $0.021230918, leading to a strong short-term technical score. Overall the recent trading history of Nervos Network suggest that investors are bullish on the coin at the moment. CKB has a average market cap compared to the majority of coins with a total market value of $572,292,928.29. The market valuation for Nervos Network is relatively average due to the largest 100 cryptos having a market cap above $1 billion and CKB sits underneath that mark but remains above $100 million in market capilization. Nervos Network's average volume is average as $65,803,417.80 worth of the coin is typically traded over a 24 hour period. The volume for CKB is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours CKB's volume is below its average with $10,272,730.17 exchanged.

Summary

CKB's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on Nervos Network (CKB).

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