Nervos Market Overview (2025-08-25)

• Nervos (CKBUSDT) declined over 7.4% during the 24-hour period, ending at 0.004789 after a deep selloff from 0.005231.
• Key support at 0.00493–0.004968 and resistance at 0.00505–0.005085 were repeatedly tested and broken.
• A long bearish candle with high wick formed around 0.005231–0.004993, signaling exhaustion and short-term bear momentum.
• Volatility spiked mid-day, but volume surged disproportionately during the decline, suggesting capitulation.
• RSI hit oversold territory below 25, suggesting possible near-term bounce or consolidation ahead.

Nervos (CKBUSDT) opened at 0.005011 at 12:00 ET – 1 and closed at 0.004789 by 12:00 ET, hitting a high of 0.005231 and a low of 0.004761. Total 24-hour trading volume reached 296,941,567.0 with turnover of $1,483,966. The selloff from mid-afternoon marked the largest single-candle drop of the session.

Structure & Formations

Price formed a large bearish candle during the 19:45–20:00 ET window, with a high of 0.005231 and a close of 0.005113. This candle is a significant bearish reversal signal with a long upper wick. The price then consolidated between 0.004968 and 0.005068 for several hours before breaking lower again after 05:00 ET. A potential support cluster formed between 0.004885–0.004930, which may hold during pullbacks.

Moving Averages

On the 15-minute chart, the 20-period and 50-period MAs have both declined in tandem with the price, reflecting bearish momentum. The 50-period MA has acted as a dynamic resistance level in recent hours, preventing any meaningful bounce. Daily moving averages (50/100/200) are all bearish, with the 200-day MA at ~0.004800–0.004830, which could act as a psychological floor in the next few sessions.

MACD & RSI

The MACD line turned bearish late afternoon and remained negative through the close, with the histogram shrinking slightly on the final hours, suggesting fading short-term bear momentum. RSI dropped to 22 by 11:00 ET, indicating oversold conditions. While this may suggest a short-term rebound, momentum remains weak, and a sustained move back above 0.005050 will require strong follow-through.

Bollinger Bands

Bollinger Bands expanded significantly between 19:45 and 20:00 ET as the price broke from 0.005231 down to 0.004993. Price has remained below the 20-period lower band for much of the session, indicating heightened bearish pressure. The bands have since contracted slightly, suggesting a potential consolidation phase ahead. A break below the lower band (currently around 0.004750) could target 0.004650–0.004700.

Volume & Turnover

Volume surged during the mid-session selloff, particularly in the 19:45–20:00 and 20:15–20:30 ET windows, with 68,447,682 and 28,014,793 units traded, respectively. However, turnover per candle decreased in the final hours, despite continued price declines, indicating diminishing conviction. A divergence between volume and price could point to potential short-term stabilizing pressure if followed by a meaningful volume increase on a rebound.

Fibonacci Retracements

Fibonacci retracement levels drawn from the high at 0.005231 and low at 0.004761 show key levels at 0.005026 (38.2%) and 0.004912 (61.8%). The 38.2% level coincided with a prior resistance cluster and was rejected multiple times. The 61.8% level may offer some support in the coming days, particularly if RSI confirms a bounce from oversold territory.

Price may consolidate near 0.004800–0.004850 in the next 24 hours, with a test of 0.004761 possible if bears remain aggressive. Traders should watch for confirmation of a rebound on increasing volume or further breakdown below 0.004761, with the risk of extended volatility remaining high.