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What do the Long-Term Technicals Predict for Nervos Network (CKB) Friday?

Friday, December 24, 2021 12:02 PM | InvestorsObserver Analysts
What do the Long-Term Technicals Predict for Nervos Network (CKB) Friday?

Nervos Network receives a strong long-term technical score of 73 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. CKB currently holds a superior long-term technical analysis score than 73% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 73
InvestorsObserver is giving Nervos Network a 73 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Nervos Network!

Trading Analysis

CKB is currently $0.0009567 (4.64%) above its 100-day moving average price of $0.020603899 with its current price of $0.021560625. Meanwhile, Nervos Network is $0.0180837 (-315748.23%) above its 52-week low price of $0.003476960 and -$0.02256273 (-22614.87%) below its 52-week high of $0.044123359. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 73. Trends for the long-term trading history of Nervos Network suggest that traders are currently neutral on the coin. Nervos Network currently has a total market cap of $627,985,082.62 to go along with its average daily volume of $73,495,145.01 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 20,276,927.12 exchanged in that period.

Summary

Trading patterns over the last year for Nervos Network leads to the coin's a strong long-term technical score of 73 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Nervos Network (CKB).

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