NKN priceNKN

$NKN is showing clear downtrend pressure. The support trendline that should’ve lifted the price couldn’t hold… and once it broke, sellers took full control. Right now, price is sitting inside a tight range box. This is the decision zone. If it breaks down, the downtrend continues aggressively. If buyers step in and break up, we can finally see a relief move. I’m watching this box very closely. They’re testing patience and emotional control. No need to rush. Wait for break + retest to act clean. Smart traders don’t chase they position when clarity comes. Let’s go and trade now $NKN

$NKN The downtrend is clearly visible on the chart. After breaking the support trendline that was expected to move the price up, the price broke through and entered a full downtrend. The price is now in a range box where a break from any direction can move the price in the same trend.

$NKN Analysis: NKN is forming a symmetrical triangle pattern, hinting at an upcoming breakout phase. After a sharp recovery from the lower support near $0.018, the price is now attempting to reclaim the $0.022 level, a key zone for momentum confirmation. A breakout and daily close above the descending trendline could drive NKN toward $0.0319, followed by an extended target near $0.0471. If the structure holds above $0.020–$0.021, bullish continuation remains likely as the market shifts from consolidation to potential expansion.

Miners Cut Distribution, Fueling Fresh Confidence in Bitcoin’s Rally The transfer of coins from miner wallets to exchanges has historically acted as a barometer of supply-side pressure. Peaks in miner-to-exchange flows have often coincided with market tops, as increased distribution added selling pressure. Currently, the 30-day moving average of Miner-to-Exchange Flow has declined to its lowest levels in the short term. This drop suggests that miners are reducing distribution, and possibly accumulating BTC instead. Interestingly, this trend aligns with Bitcoin’s latest surge above $115K, reinforcing a signal of bullish sentiment from miners. In short, the combination of a technical structure shift and miner accumulation provides a constructive outlook. As long as $112K holds, Bitcoin appears well-positioned to sustain momentum and mount another challenge toward its all-time highs. $BTC $ETH $IOST $OMG $GTC $TRX $BNB $1INCH $SNX $BAND $GRT $NKN