Nervos (CKB) is exhibiting a historical pattern where rounded bottom formations at support levels have preceded significant bullish waves, with previous gains reaching 1,580% and 1,800%. Technical observation indicates that support is typically breached before a trend reversal occurs.
The asset recently reached a new all-time low, which analysts suggest provides a stronger foundation for potential upside. With the previous wave peaking at the 0.786 Fibonacci extension level, current price action suggests a potential growth trajectory of 1,880% over a three-to-six-month horizon.
The analysis identifies a completed two-year bearish cycle spanning April 2024 to April 2026, characterized by varying bearish structures, including double-tops and bearish impulses. This transition suggests the onset of a long-term bullish cycle that could extend toward 2028 or 2029. Given the current market sentiment of Greed (Fear & Greed Index: 62), the asset's position at historical support levels presents a strategic entry point for long-term growth.





