Nervos Network Price Prediction: 2024, 2025, 2030

CKB price prediction: Key highlights

 1. Primary support and resistance levels

• On the weekly chart, the lowest support level was recorded at $0.002.
• Additionally, the highest resistance can likely be at $0.033.

2. Market sentiment

• The overall market sentiment is seen to be bullish in September 2024.

3. Predictive forecasts

• According to our AI/ML predictive algorithms, CKB’s average price is projected to be $0.045 in 2030 and $0.080 in 2035.

Gain essential insights on CKB’s growth trajectory via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

CKB technical analysis: Token hits 3-month highs 

The Nervos Network price prediction for 2024 delves into CKB's performance over the past year. It assesses significant price movements, market dynamics, and investor behavior influencing the cryptocurrency during this period.

The analysis started with CKB stabilized at its lowest support at $0.002. This level was breached in early October. However, the buyers entered the market by mid-month. The following upward momentum was halted at $0.003 in November.
 

After repeated tests and retracements, the bulls flipped this level in late January. The optimism carried into the next month. Furthermore, in mid-February, the launch of the RGB++ Protocol caused the price to appreciate by over 170%.
 

The continued uptrend elevated CKB to the highest yearly resistance at $0.028 in April. Nonetheless, the price faced rejection and dropped below $0.019. The broader market crash countered the bulls’ attempts to reclaim this level.
 

Thus, the price continued to make lower highs and lower lows until further declines were contained at $0.007 in August. After stabilizing for a month, the price surged past $0.012 by the second week of September. This uptick was triggered by Upbit listing CKB. 

Moreover, this dramatic rise made CKB the biggest weekly gainer. It retested the $0.019 resistance mid-month, hitting highs last seen in June. However, this was succeeded by a slight pullback. At the time of writing, the asset traded at $0.016.

AMBCrypto’s recent analysis indicated a bullish long-term outlook for the price, although short-term pullbacks were highly likely. In this case, the price can drop to $0.012.
 

A drop below this level would increase the possibility of retesting $0.007. If that happens, the market trend will likely reverse in bearish favor. Nevertheless, if the price rally continues despite brief setbacks, the altcoin can rally toward the yearly peak. Afterward, significant resistance can be expected around $0.033.
 

The predictive models suggest a modest growth trajectory for CKB, with its price expected to reach $0.045 by 2030 and $0.080 by 2035. This gradual increase indicates a conservative market outlook, emphasizing long-term stability over rapid appreciation.

CKB's 2024 roadmap: Key indicators to watch and trade

• The trading volume remained predominantly with intermittent spikes in early 2024 and September. After a significant price rally, the succeeding decline indicated a cooling off of trading activity.
• Within the Directional Movement Index (DMI), the +DI line was initially dominant. Meanwhile, the ADX overtook the -DI line in November and the +DI line in mid-March.
• Buyer strength weakened from Q2 2024, culminating in the -DI line temporarily moving over the +DI line between early and mid-August. However, this reversed swiftly, and the latter regained the dominant position in September. The latest values highlighted a strong bullish trend, with the +DI at 31.9464, the ADX at 31.8316, and the -DI at 12.1508.
• The 20 and 50-week Exponential Moving Averages (EMAs) were flipped to support in late October and late December. After a brief drop in the new year, the price moved over both EMAs by late January.
• Furthermore, a golden cross formed the next month. The downtrend in Q2 2024 pulled the price below the 20 EMA in June and caused intermittent dips below the 50 EMA. 
• The latter was decisively reinstated as resistance between early August and September. Yet, the candles emerged dominant by the second week, pointing to a resurgence of buying pressure.