Nervos/Tether
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CKB/USDT - Major Support Before Potential Reversal or Breakdown?

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CKB/USDT on the Weekly timeframe remains in a long-term downtrend, characterized by a clear sequence of Lower Highs (LH) and Lower Lows (LL) since the 2021–2024 peak. Price is currently revisiting a major historical demand zone that has previously triggered strong market reactions.

The yellow zone at 0.00278 – 0.00223 represents a multi-year structural support. Price behavior within this area will be decisive in determining whether CKB forms a long-term accumulation base or continues its distribution phase toward new lower lows.


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Structure & Technical Pattern

1. Long-Term Descending Structure

Price continues to print lower highs after failing to sustain above the 0.018 – 0.0075 region.

Every upward move so far has been corrective in nature (dead cat bounce).



2. Major Demand Zone (Accumulation Area)

This yellow zone has been tested multiple times:

Late 2022

Early 2023

Early 2026 (current)


The more frequently a zone is tested, the more critical the reaction becomes.



3. Range Breakdown Context

The 0.00385 – 0.00340 area previously acted as minor support and has now flipped into resistance.

A valid breakdown from this range confirms ongoing seller dominance.





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Key Levels

Support (Demand):

0.00278 – 0.00223 → Major Weekly Demand Zone

0.00192 – 0.00139 → Historical extreme lows (if demand fails)


Resistance:

0.00340 – 0.00385 → Minor resistance

0.00620 – 0.00750 → Mid-range resistance

0.01820 → Major supply / distribution zone



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Bullish Scenario

A bullish case is structurally valid only if:

1. Price holds firmly within the 0.00278 – 0.00223 demand zone


2. Signs of strength appear:

Weekly rejection with long lower wicks

Base-building / sideways consolidation



3. A strong weekly close above 0.00385



Bullish Targets (Step-by-Step):

0.00385 – 0.00450

0.00620 – 0.00750

0.01000+ (only if weekly structure shifts bullish)


Note:

> This is a mean reversion scenario, not an aggressive trend reversal. Suitable for long-term accumulation, not impulsive entries.




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Bearish Scenario

The bearish scenario becomes strongly confirmed if:

1. A clean weekly close below 0.00223 occurs


2. The yellow demand zone fails to hold


3. No significant buyer reaction emerges



Bearish Targets:

0.00192

0.00160

0.00139 (historical low)


A breakdown below this support opens the door to a capitulation phase, with limited historical support beneath.


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Conclusion

CKB/USDT is currently trading at a critical long-term decision zone.
The 0.00278 – 0.00223 area represents the last major buyer stronghold on the weekly structure.

Holding this zone → accumulation potential and relief rally

Losing this zone → high risk of bearish continuation


Waiting for weekly confirmation is strongly advised rather than reacting emotionally to lower-timeframe candles.

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.