CKB Hits 28-Month High

Despite the recent slowdown in the market, CKB is looking to recover its previous highs. Initially affected by bearish pressure, the coin experienced a notable drop of 19.13% between April 1 and 2, which caused its value to fall to a two-week low of $0.0164.

Nervos Network looked to recover its losses in the following days but encountered resistance at the 50-day MA ($0.01689). Nonetheless, on April 6, the coin’s recovery gained momentum, allowing it to break above the 50-day MA and pursue higher levels.

On April 6, CKB saw an intraday gain of 32%, its largest daily gain in over a month. The cryptocurrency has maintained its upward trend and is currently up 4.43% as of the time of reporting. Earlier today, CKB surged to a 28-month high of $0.0268 before declining slightly.

This marks 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.