In this NKN technical analysis, we will examine the current price action, trading volume, key levels and indicators for NKN-BTC. NKN is a decentralized network protocol that enables secure and efficient data transfer, empowering developers to build scalable and interoperable applications. With its innovative consensus algorithm and data transmission mechanism, NKN aims to provide a faster, more reliable, and more secure alternative to traditional blockchain networks. By leveraging the power of decentralized networking, NKN is poised to revolutionize the way we interact with the digital world.
NKN Price Overview:
As of December 05, 2023, NKN is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for NKN-BTC:
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): NKN reached a daily high of around 0.0 BTC.
- Low (L): The daily low for NKN-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, NKN is trading near its daily close of 0.0 BTC.
|1D Change (%)||1.10%|
|3D Change (%)||-2.47%|
|7D Change (%)||-2.13%|
|30D Change (%)||1.47%|
|90D Change (%)||-19.30%|
|YTD Change (%)||-41.89%|
Over the past three days, NKNBTC has fallen by approximately -2.47%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.13%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with NKNBTC maintaining an upward trend of approximately 1.47%, despite intermittent fluctuations. Examining the last 90 days, NKNBTC has witnessed substantial decrease of approximately -19.30%, reflecting strong long-term confidence. Year-to-date, NKNBTC has steadily declined by around -41.89%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
NKN Live Chart:
You can access a live price chart for NKN-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.52599.
- Momentum score is 0.01471.
NKN BTC Technical Analysis
NKN Trading Volume:
The trading volume for NKN (NKN) over the past 24 hours has been significant, with approximately 1,229,810.00 BTC traded against NKN. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): NKN is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): NKN is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for NKN-BTC is currently in the neutral zone, around 46.80755. This suggests that NKN is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
NKN (NKN-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Clearly see potential bearish trend for NKN (NKNBTC) at 2.76e-06 BTC through detailed technical analysis, highlighting weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.