Technical analysis by Alpha-GoldFX about Symbol CKB: Buy recommendation (17 hour ago)

CKBUSDT is currently showing strong signs of a potential breakout from a descending channel pattern, a formation widely interpreted as bullish once price breaks above the channel's resistance line. This setup, combined with consistent good volume, indicates that the asset has likely found a solid base and is ready for a significant upside move. Based on the pattern's breakout potential and technical projections, a gain of 80% to 90%+ is expected if the breakout confirms with strong momentum. The descending channel has allowed CKB (Nervos Network) to consolidate after previous highs, cooling off indicators like RSI and setting the stage for a healthier, more sustainable bullish run. Nervos is gaining traction as a blockchain platform focused on interoperability and layer 2 scalability, attracting developer interest and investor attention. This fundamental strength adds weight to the technical breakout scenario. Market participants should closely watch the price action near the upper boundary of the channel. A daily close above this resistance with strong bullish volume would validate the breakout and open the door for an extended rally. As investor interest grows and trading volume remains elevated, this could serve as a catalyst for CKBUSDT to surge toward the projected targets. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!