CKB hits a 28-month high
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Despite the recent slowdown in the market, CKB is still looking to recover its previous highs. Initially affected by bearish pressure, the token experienced a significant drop of 19.13% from April 1 to 2, causing its value to fall to a two-week low of $0.0164.
Nervos Network hopes to recover losses in the next few days, but encountered resistance at the 50-day moving average ($0.01689). Despite this, on April 6, the token's recovery gained momentum, allowing it to break through the 50-day moving average and pursue higher levels.
On April 6, CKB posted its biggest intraday gain in over a month with an intraday gain of 32%. The cryptocurrency has continued its upward trend and is currently up 4.43% at the time of reporting. Earlier today, CKB surged to a 28-month high of $0.0268 before falling slightly.
This marked an attempt by the asset to surpass the November 2021 high of $0.03567. Nervos Network has grown 314% year to date and 28% this month alone. The token is currently valued at $0.0261 and has gained 39% this week, making it one of the best performing tokens in this time frame.
