CKB, the native token of the Nervos Network, has gained over 13% in the past week. The recent price action has sparked interest across the crypto community, as technical indicators signal a strong and sustainable uptrend.
The Aroon Up Line on the daily chart currently sits at an impressive 92.86%, reflecting strong bullish momentum. For context, the Aroon Indicator helps assess the strength and direction of a trend, with values near 100% typically indicating that a recent high was reached and buyers are in control.
In CKB’s case, this suggests that its upward move is being driven by consistent demand rather than short-term speculation.
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Full story here beincrypto.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.