🔍 Chart Breakdown:
1. Strong Historical Demand Zone:
Highlighted by the thick yellow box between $0.0055 – $0.0240.
Price has returned to this accumulation range, which previously launched a major rally in 2021.
2. Potential Bullish Reversal Pattern:
After hitting the lower support, recent weekly candles suggest a potential double bottom or bullish engulfing pattern forming.
The yellow projected path shows a possible gradual recovery.
3. Layered Resistance Levels (Take-Profit Targets):
$0.0340
$0.0451
$0.0572
$0.1369
$0.2001
Up to $0.3050 as a major psychological barrier
4. Profit Potential:
From the current price (~$0.0242), reaching the top target of $0.3050 offers a potential gain of over +1100% in the medium to long term.
5. Bearish Exhaustion & Sentiment Shift:
The long downtrend since 2021 appears to be losing momentum.
Buyers are defending this critical historical support zone.
🛡️ Conclusion:
NKN is at a pivotal level, sitting on a historically significant support zone. If volume increases and price holds above the demand area, a strong reversal could play out. This setup presents a high-risk, high-reward opportunity worth monitoring closely in the coming weeks.
#NKN #AltcoinSeason #CryptoReversal #NKNUSDT #Binance #CryptoTrading #TechnicalAnalysis #BullishSetup #SwingTrade #CryptoNuclear
1. Strong Historical Demand Zone:
Highlighted by the thick yellow box between $0.0055 – $0.0240.
Price has returned to this accumulation range, which previously launched a major rally in 2021.
2. Potential Bullish Reversal Pattern:
After hitting the lower support, recent weekly candles suggest a potential double bottom or bullish engulfing pattern forming.
The yellow projected path shows a possible gradual recovery.
3. Layered Resistance Levels (Take-Profit Targets):
$0.0340
$0.0451
$0.0572
$0.1369
$0.2001
Up to $0.3050 as a major psychological barrier
4. Profit Potential:
From the current price (~$0.0242), reaching the top target of $0.3050 offers a potential gain of over +1100% in the medium to long term.
5. Bearish Exhaustion & Sentiment Shift:
The long downtrend since 2021 appears to be losing momentum.
Buyers are defending this critical historical support zone.
🛡️ Conclusion:
NKN is at a pivotal level, sitting on a historically significant support zone. If volume increases and price holds above the demand area, a strong reversal could play out. This setup presents a high-risk, high-reward opportunity worth monitoring closely in the coming weeks.
#NKN #AltcoinSeason #CryptoReversal #NKNUSDT #Binance #CryptoTrading #TechnicalAnalysis #BullishSetup #SwingTrade #CryptoNuclear
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.