Date: Wed, Sept 18, 2024, 05:52 AM GMT
The cryptocurrency market is buzzing today as Bitcoin (BTC) jumps by +2.57%, pushing its price above $60,000. This surge comes as investors eagerly await the results of today’s Federal Reserve FOMC meeting, with hopes of a rate cut fueling excitement. However, Nervos Network (CKB) has stolen the spotlight with an impressive 14.81% gain in the last 24 hours and a huge +113% surge over the past week.
Upbit Listing Fuels the CKB Rally
On September 13, the Korean exchange Upbit listed Nervos Network (CKB), igniting a massive price rally. Since the listing, CKB has soared from $0.0088 to its current price of $0.01854. The CKB community is celebrating this success on the X platform, attributing much of the price action to the influence of Korean whales, who played a key role in driving the rally.
What’s Next?
Our previous analysis highlighted the key levels CKB needed to surpass, and the token has followed the prediction almost perfectly. Today’s surge pushed CKB past the $0.017 resistance level, reaching a new target of $0.02029 before seeing some pullback.
Now, CKB appears to be heading for a short-term correction, with a possible revisit to the $0.01725 level due to profit-taking after such a large rally. Afterward, we could see a potential rebound if market momentum holds.
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