NKN is being rejected at the $0.45 zone and it is highly likely that it will correct to the $0.35 zone before rallying again in the coming days to conquer the $0.45 zone and advance to the $0.55 and $0.70 zones. But if it loses the $0.35 zone, it will fall sharply to the $0.25 zone

🔴Buy : 0.34-0.36$. SL if B 🔴Buy : 0.44-0.46$ if A. SL if B
🔴Sell : 0.44-0.46$. SL if A 🔴Sell : 0.535-0.565$. SL if A 🔴Sell : 0.68-0.72$. SL if A
🔵Buy : 0.44-0.46$ if A. SL if B 🔵Sell : 0.535-0.565$. SL if A 🔵Sell : 0.34-0.36$ if B. SL if A 🔵Buy : 0.244-0.256$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • The New Kind of Network (NKN) envisions to further decentralize network resources by enabling internet users to "share network connections and utilize unused bandwidth".
  • NKN features dataRide, a Platform-as-a-Service product, as well as SDKs to develop dApps. NKN itself already launched several dApps, such as nMobile (an encrypted secure mobile wallet and chat application), nCDN (a crowdsourced service for content delivery), or D-chat (a server-less, secure, and private chat).
  • NKN’s underlying blockchain relies on a Proof-of-Work (PoW) consensus mechanism.
  • NKN features a utility token that must be used to access the envisioned decentralized internet as it essentially is a tokenized unit of network connectivity and data transmission capability.