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 possible resistance is estimated to be around $0.040.

2. Market sentiment

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

3. Predictive forecasts

• According to our AI/ML predictive algorithms, the price of CKB is projected to undergo significant variations over the coming years, as evidenced by the values mentioned in the tables below.

Find out the intricate details of 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: Bulls to likely charge back and drive prices higher

The Nervos Network price prediction for 2024 provides an extensive review of CKB's performance over the past year. It assesses significant price movements, market dynamics, and investor behavior that have influenced the cryptocurrency’s valuation during this period.
 

The analysis period started with CKB falling below the $0.003 level. Despite initial efforts, the token struggled to break past this level. This led to a gradual downturn, culminating in early June when CKB fell to its lowest support at $0.002. 
 

Following this decline, the token entered a stagnant phase, with its value firmly anchored to the $0.002 level due to lackluster market conditions. This stagnation persisted until the early weeks of October.
 

A shift in market sentiment was observed in mid-October when a minor bullish rally emerged. This drove CKB's price back to the $0.003 level by early November. Until late January, the token repeatedly tested this level, unable to overcome it completely.
 

The breakthrough came by the end week of January when CKB experienced a significant bullish surge, slightly crossing $0.003. As February commenced, the bullish surge intensified, and CKB managed to touch $0.014 by mid-February. 
 

As the bull run continued into early March, the asset had partially breached $0.020, setting the stage for further gains. Throughout the rest of the month, the bulls managed to sustain substantial buying pressure amidst bearish forces.

As April unfolded, CKB's bullish momentum was the strongest, reaching a new peak resistance level at $0.027. However, the rapid ascent triggered a corrective pullback. Consequently, CKB retraced its steps, falling below the $0.020 level by late April.
 

By the end week of April, the token even touched the $0.014 level. As May progressed, bearish forces led to the asset stagnating above this level. At the time of writing, the altcoin had shown signs of a minor recovery from its recent pullback, trading at $0.017. 
 

According to CoinMarketCap, over the past year, CKB has witnessed a massive spike in value by over 392%. This, paired with its volume, which spiked by 177% over the past 24 hours, paves the way for an optimistic future for the token.
 

Last month, Nervos Network strategically invested in Stable++, a UTXO-based over-collateralized stablecoin protocol that will enable liquidity within the decentralized finance (DeFi) ecosystem and unlock new possibilities for the payment domain. 
 

If CKB continues its journey on a path that is ridden with unique developments, the bulls may take over again. In this case, the token will likely breach the peak resistance at $0.027 in a couple of weeks. If the bulls remain anchored to the growth amidst market changes, reaching $0.040 by Q3 of 2024 may also be possible.
 

However, if the bears pick up pace and continue their rally, the altcoin will likely revert to $0.014 in a few days. In a severely bearish scenario, the token may experience an even harsher fall, touching $0.003 within a couple of months.

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

• The trading volume remained low throughout 2023. It encountered a major spike in February, coinciding with the surging prices. The volume dropped again, although not to its bearish lows.
• The  Moving Average Convergence Divergence (MACD) fell below the signal line early in the period, with both lines remaining below the zero line. In mid-September, the MACD line recovered again. It crossed the zero line in mid-November, with the signal line following suit in late December.
• Between February and early April, the MACD line spiked significantly. However, it began to plunge, falling below the signal line by early May. At press time, the MACD line stood at 0.002990, the signal line was at 0.003765, and the histogram showcased a negative value of -0.000775. This arrangement indicated that bearish forces were persistent within the market.
• The Chaikin Money Flow (CMF) started out below the zero line. After briefly surging past it in late August, it decisively maintained its position above the zero line in early September, continuing an upward trajectory.
• After reaching its highest value of 0.36 in February, the CMF began to drop from mid-month. At press time, it stood at 0.13, signaling a steady inflow of money toward the asset.