The Nervos Network price dropped 9% in the last 24 hours to trade at $0.01554 as of 3 a.m. EST on trading volume that surged 53% to $609.1 million.

But that drop was only a small correction compared to the 91% surge recorded by the CKB price in the past week..

The Nervos Network price was rejected after attempting to breach the resistance at $0.0175, which happened several times in the last 24 hours, with this newest rejection being the strongest.

Before that, the token’s price traded sideways between September 9 and 13, only to see a sharp surge after Upbit Korea announced support for trading CKB as its newly listed digital asset.

The exchange noted that supported markets include KRW, BTC, and USDT, and the announcement started drawing in traders to the point where the CKB price spiked.

신규 디지털 자산 너보스(CKB) 거래지원 안내

✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점: 2024-09-13 17:00 예정

🔗 공지 바로가기:https://t.co/Zys7A2zGTj#Upbit #CKB pic.twitter.com/8oxTc7g319

— Upbit Korea (@Official_Upbit) September 13, 2024

However, the bulls were unable to push the token’s value past $0.0175. The price dropped after reaching this resistance, which coincided with the crypto-wide bearish wave that caused most other coins and tokens to see a 24-hour price drop of anywhere between 1% and 6%.

But, many of them are already showing signs of recovery, and are trading in the green based on their 1-hour performance, so a correction might follow for CKB as well.

Nervos Network Price Prediction

Despite its fairly sharp drop in the last 24 hours, Nervos Network has a strong chance of seeing just as sharp a price surge in the short term. There are several technical indicators that signal this, coupled with the fact that sharp movements typically cause just as sharp reactions in the opposite direction.

For example, the CKB Bollinger bands remain fairly wide, but the price is no longer pushing the bottom band down. Instead, it has returned to the neutral position between the upper and lower band, which is already a positive development. The bands did see slight narrowing as the lower band stopped its drop and started going up, while the upper one is still descending at the time of writing.

Another indicator, the token’s Relative Strength Index (RSI) saw its value reach the oversold zone a few hours ago, after dropping to the value of 26.63. This was a signal for a lot of traders that the token had reached its bottom, and that it was time to start buying.

The RSI recovered to the value of around 40 since then, suggesting that many traders have already started buying.

Right now, the RSI is expected to skyrocket back to the neutral value of 50 and proceed to go up toward 70 as the buying pressure continues to grow.

The traders buying the dip is quite common in this situation, and the token’s price could retest the resistance at $0.0175 on its way back up.

Promising Alternative To Nervos Network

While Nervos Network represents a good buying opportunity right now, traders might also consider Mega Dice (DICE), an upcoming cryptocurrency created by an established crypto casino going by the same name.

Mega Dice has been around since last year, and has quickly established itself as a leading crypto casino brand, offering benefits such as fast and cheap transfers, no KYC wagering, and quick payouts of winnings.

It has more than 11,000 active monthly users who wager more than $50 million every month.

Now the platform is launching its own native crypto token, and it packing it with numerous benefits for early investors. Those include daily rewards that depend on the casino’s performance, access to exclusive NFTs, early bird bonuses, and more.

The ICO has been extremely successful for a casino token, raising over $1.85 million, while the DICE token’s price is only $0.116056.

BREAKING: $DICE Presale Extended by 1 More Week! 🚨

You heard it right—$DICE presale has been extended until September 29th, 8pm CET!
This is your final chance to get in on the leading #GameFi token on Solana before trading goes live! 🚀

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🗓️… pic.twitter.com/jIpIskAMpM

— Mega Dice Casino (@megadice) September 13, 2024

You can buy DICE with SOL, ETH, or BNB, but you should also note that the token’s ICO is scheduled to end in less than two weeks, so there is not a lot of time left to buy.

With DICE about to be integrated into every level of the platform — a platform with over 50,000 registered users and over 4,000 games and esports — experts believe that the DICE token will see a lot of demand upon launch.

Crypto YouTuber TodayTrader is so confident about DICE that he calls it an ”easy 100x.”

Buy DICE tokens on the official website here.

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