NKN/USDT — Epic Reversal from Major Demand Zone🔍 Chart Breakdown:
1. Strong Historical Demand Zone:
Highlighted by the thick yellow box between $0.0055 – $0.0240.
Price has returned to this accumulation range, which previously launched a major rally in 2021.
2. Potential Bullish Reversal Pattern:
After hitting the lower support, recent weekly candles suggest a potential double bottom or bullish engulfing pattern forming.
The yellow projected path shows a possible gradual recovery.
3. Layered Resistance Levels (Take-Profit Targets):
$0.0340
$0.0451
$0.0572
$0.1369
$0.2001
Up to $0.3050 as a major psychological barrier
4. Profit Potential:
From the current price (~$0.0242), reaching the top target of $0.3050 offers a potential gain of over +1100% in the medium to long term.
5. Bearish Exhaustion & Sentiment Shift:
The long downtrend since 2021 appears to be losing momentum.
Buyers are defending this critical historical support zone.
🛡️ Conclusion:
NKN is at a pivotal level, sitting on a historically significant support zone. If volume increases and price holds above the demand area, a strong reversal could play out. This setup presents a high-risk, high-reward opportunity worth monitoring closely in the coming weeks.
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