Is Nervos Network (CKB) Trending Lower or Higher Wednesday?

Nervos Network receives a strong short-term technical ranking of 78 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. CKB has a superior recent technical analysis than 78% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Nervos Network a 78 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Nervos Network!

See Full Report

Trading Analysis

CKB is currently $0.002208 (12.25%) above its 30-day low of $0.018020503 and -$0.015341 (-43.13%) below its 30-day high of $0.03556909. Additionally, CKB is under its average price of $0.024651912 over the past month of trading with its current price of $0.020228260. Overall, the recent trading history of Nervos Network suggest that traders are currently bullish on the coin. Nervos Network's market cap of $588,633,009.47 is relatively average for a coin. 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. Meanwhile, CKB's average volume is average with $72,549,115.81 worth of the coin traded over an average 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 last 24 hours, CKB's volume is below its usual with $12,872,762.19 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).