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The Nervos Network price soared 51% in the past 24 hours to trade at $0.001376 as of 8:18 p.m. EST on trading volume that skyrocketed 5,795% to $864 million.
This comes after the announcement of CKB’s listing on the popular Korean exchange Upbit, which helped propel the token into the top 100 cryptocurrencies by market capitalization.
신규 디지털 자산 너보스(CKB) 거래지원 안내
✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점: 2024-09-13 17:00 예정🔗 공지 바로가기:https://t.co/Zys7A2zGTj#Upbit #CKB pic.twitter.com/8oxTc7g319
— Upbit Korea (@Official_Upbit) September 13, 2024
Nervos Network Price On A Bullish Trend, More Gains Ahead?
From a technical perspective, CKB has just achieved a significant breakout by surpassing the resistance level of $0.01284. The token is currently in the process of retesting this breakout, holding steady at $0.01379.
The Nervos Network price now trades above both the 50-day and 200-day Simple Moving Averages (SMA), an indication that the price is on a continued bullish trend.
Additionally, the Relative Strength Index (RSI) trades within the 70-overbought region, currently at 69, which shows that the asset is overvalued.
The bullish stance is also affirmed by the Moving Average Convergence Divergence (MACD), which has now crossed above the neutral line. The blue MACD line has also crossed the orange signal line, forming a bullish crossover.
CKBUSDT Chart Analysis (Source: Tradingview)
A bullish trend continuation could push the price of CKB to the next target at $0.01907, a 41% increase from the current price. The 50-day SMA has now crossed above the 200-day SMA, forming a golden cross at $0.008449.
However, if the bears take control of the price at this level, with the RSII undervalued, the Nervos Network price could plunge back to the $0..00895 support zone (50-day SMA).
As the Nervos Network price soars, investors are also piling into the new Crypto All-Stars (STARS) presale, which has already amassed over $1.25 million.
Jacob Bury, a prominent crypto YouTuber with over 42K subscribers, says that $STARS has the potential to soar 10X after its launch.
The Crypto All-Stars Presale Amasses Over $1.25 Million – Next Meme Coin To Explode?
Crypto All-Stars is a breakthrough project that enables investors to stake DOGE, SHIB, FLOKI and other top meme coins in the easiest way possible, all in one platform.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
Through its unique MemeVault protocol, investors can stake their preferred meme tokens, and earn rewards in STARS, the platform’s native token.
Currently, the list of meme coins on Crypto All-Stars includes Pepe, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added soone.
You can also stake $STARS itself for an annual percentage yield (APY) of 1,185%.
You can buy $STARS tokens for $0.0014419 each. With a price increase coming in about two days, you should act fast to get the meme coin at the best possible price.
You can purchase $STARS from its official website here using BNB, USDT, SHIB, FLOKI, PEPE, DOGE, or a bank card.
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