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The Nervos Network’s price jumped by 14% in the last 24 hours and 45% in a week to trade at $0.02925 as of 5 a.m. EST on trading volume that increased by 4% to $311.13 million.
The 45% pump made it the best-performing crypto in the past week among the top 100 cryptos by market capitalization, according to Crypto Bubbles.
Despite that, there is a strong resistance at $0.030, keeping the project’s price from progressing further.
If CKB manages to go beyond the resistance at $0.30, it will most likely have a chance to hit a new two-year high, established three years ago at a level 35% higher than present.
Nervos Network Price Prediction
Nervos Network’s price has been rising over the last two days, and according to certain technical indicators, this might be only the beginning.
One of the most promising signals that it is the right time to buy comes from the project’s Bollinger bands, which have recently started seeing sharp widening. This is one of the highly bullish signals that suggest that the price will continue its increase.
Another positive performance comes from Nervos Network’s Relative Strength Index (RSI) value, which recently climbed up from the neutral zone. While the RSI is approaching the oversold area, its performance suggests that the traders are buying the token, rather than selling or waiting.
This is another bullish signal, although, it also advises caution. Many who monitor technical indicators might decide to take profit once the RSI approaches the overbought zone, which could lead to a correction. Still, if this is the start of a new rally, then the increase may continue for a while longer, despite what the RSI shows.
For the CKB price, this means a potential surge past the resistance at $0.030, which could end up turning this level into a new support. This would allow CKB to continue its surge further up. However, traders should keep in mind that a new correction is also possible at any time, especially if the resistance at $0.030 proves too strong for CKB to breach it.
Promising Alternatives to Nervos Network
One of the biggest and most promising alternatives to Nervos Network is 5th Scape (5SCAPE). Some experts estimate the project might see a 1,000x pump after launch as interest in AR and VR continues spirals.
This is the world’s first AR & VR ecosystem that intends to connect the smartest minds together and act as the people’s gateway into the next big thing of the decade, which is virtual and augmented reality.
The project sees massive potential in the virtual world, which is infinite and removes all boundaries we are familiar with in the real world.
So far, 5th Scape has found great potential in this technology in entertainment mostly, but also education. It can offer access to the hyper-realistic world of virtual reality that would completely transform learning.
Meanwhile, this would also represent the next big step in the evolution of gaming, allowing users to dive into a diverse array of experiences. This can include immersive sports, high-speed racing, adrenaline-pumping battles, and precision archery.
GET YOUR TOKENS NOW!!!#vr #5thscape #cryptocurrency #Presale pic.twitter.com/4t4cIrP0St
— 5th Scape (@5th_scape) March 28, 2024
The project has raised $4.3 million so far as it races towards its $5 million target.
5SCAPE tokens sell for $0.00285 each, but the price will increase by almost 15% in about 11 hours. With the listing price fixed at $0.01, investors who buy now can lock in gains of 250% by the time of launch.
Visit the official website to buy 5SCAPE tokens here.
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