$NKN is currently under strong selling pressure, with its price hovering around $0.0107. The token has been underperforming many altcoins recently, and technical indicators like RSI suggest it is oversold, which sometimes precedes a short-term bounce. Key support levels are around $0.008–$0.0095, while resistance lies near $0.010–$0.012. Broader crypto sentiment remains weak, putting additional pressure on low-cap tokens like NKN.

Despite the bearish trend, short-term relief rallies are possible if buyers step in, especially at oversold levels. Long-term recovery depends on improved liquidity, stronger adoption of NKN’s decentralized network, and continued exchange support. Without these catalysts, the price may remain sideways or face further downside.

#NkN