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The Nervos Network price has soared 68% in the last 24 hours to trade for $0.0133 as of 3:15 a.m. EST time on trading volume that surged 45%.
The move enabled CKB to earn a spot among CoinsKid’s best trades of the day.
⚠️ #ckb is one of the best trades of late. But please remember you buy big green candles you get big red dildo's.
You should have bought more in the floor.
Look for other opportunities that resemble this chart. Remember, opportunity never feels like opportunity.
55 wema retest… pic.twitter.com/EJOsdRJmoV
— CoinsKid (@Coins_Kid) February 15, 2024
But other analysts are anticipating a correction in the Nervos Network price, and are already taking short positions.
1. SL hit.
2. Btc bullish and as expected short squeeze. Didn't hold the fomo to enter. Enter with smaller size.
3. Wanted to place another short ard 0.0121 or 0.014 SR, didn't do it due to overnight.
4. Set 2nd lmt short after daily close and got SL https://t.co/lWInCh5k4L pic.twitter.com/XCuX3ICcvZ— 1PercentBetterToday (@1PercentBetterT) February 15, 2024
Nervos Network is an open-source public blockchain ecosystem. The project set out to create a peer-to-peer (P2P) crypto-economy network. It enables users to access a wide range of provably secure blockchain services and capabilities.
Nervos Network Price Prognosis
Measured from a market range of between the June 2023 lows of $0.0021 and the February highs of $0.0153, the Nervos Network price is trading above the 78.6% Fibonacci level of $0.0125. The Relative Strength Index (RSI) is sitting at 91, showing that CKB is already massively overbought, which means a correction could be due.
To reinforce the correction supposition, the Nervos Network price has also broken above the upper boundary of the Bollinger indicator at $0.0107. This also suggests a correction is underway.
Traders looking to open new positions for the Nervos Network price should probably wait because the risk of a price drop is high now. Those with current open positions on the other hand should probably leave them open because the trajectory of the RSI suggests momentum is still rising. This means the Nervos Network price could still extend the gains.
Such a directional bias could see the CKB price recover the range high of $0.0152, nearly 10% above current levels.
TradingView: CKB/USDT 1-day chart
On the flip side, in the event that a correction does happen, the Nervos Network price could drop below the 78.6% Fibonacci level at $0.0125, or lower, testing the most critical retracement level of 61.8% at $0.0104.
In a dire case, the altcoin’s market value could descend to the 50% Fibonacci level at $0.0089. For the big-picture bullish outlook to be invalidated, however, the Nervos Network price must extend the fall below the 38.2% Fibonacci level of $0.0073. This would constitute a 45% drop below current levels.
Meanwhile, investors are looking at a new ICO, Meme Kombat, that analysts rank among the top picks for exponential gains. It also ranks among the top five cryptocurrencies to buy now, according to YouTube analyst Jacob Bury.
Promising Alternative To Nervos Network
Meme Kombat is an innovative new gaming platform designed for gaming enthusiasts. The project offers investors a chance to do combat in an arena with meme characters of their own choosing. Beyond the regular battles, there are also other larger, more hyped battles where gamers can participate with the potential to win large prizes.
This innovative platform introduces distinctive features, including active betting and passive staking, providing diverse avenues for earning rewards, especially appealing to dedicated gamers.
A bit of luck. A bit of skill.
That's what it takes to get in on the next big memecoin according to @BuryCrypto, but we say you need that too if you want to win Meme Kombat⚔️ pic.twitter.com/x6gMy9LvPu
— Meme Kombat (@Meme_Kombat) February 12, 2024
Meme Kombat’s MK tokens are in the presale stage with funds raised having already reached $8.8 million as it surges towards the final stretch of the $10 million target.
Whoop whoop🙌 We reached $8.7 million raised🔥
Comment "LFG" if you can't wait for $MK's future⚔️ pic.twitter.com/jhQZeuysjr
— Meme Kombat (@Meme_Kombat) February 13, 2024
The presale started in September 2023 and is now growing into a major player in the meme coin sector. It has attracted attention from both the crypto community and analysts.
We have the winner of the Meme Kombat Friendly⚔️
SPONGE
Congrats to the whole Sponge community🧽 https://t.co/u0jfxofrP8
— Meme Kombat (@Meme_Kombat) February 9, 2024
Investors looking to buy MK can do so on the official website, where each MK token is selling for $0.279.
We have shown great strength in the $MK presale lately!
With every day we take a step closer to $10m and we can't wait to get going💪 pic.twitter.com/Uu7ReDvreo
— Meme Kombat (@Meme_Kombat) February 9, 2024
Token holders can also stake their holdings for an Annual Percentage Yield (APY) as high as 107%, with 80% of the tokens already staked by 12,010 stakers.
Visit the official Meme Kombat website to buy MK here.
Also Read:
- How To Buy Meme Kombat On Presale – Alessandro De Crypto Video Review
- Two Hidden Meme Coins to Watch in 2024 – New Crypto Gems With 100x Potential
- New Play-to-Earn Meme Coin Aiming to Become the Next GambleFi Gem
- Austin Hilton Provides Updates on Biggest Meme Token Project Presale Centered Around AI-Generated Battles
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
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