$NKN showed a sharp upside move after bouncing strongly from the oversold zone. The chart clearly indicates that price absorbed selling pressure near the lower Bollinger Band and then moved upward with a powerful green candle. The noticeable increase in volume during this move suggests that buyers started taking control, supported by short covering and dip-buying activity. Such candles often appear after trend exhaustion and usually signal a short-term shift in market sentiment.

Another factor behind this pump could be market rotation, where traders look for quick opportunities in low-cap and high-volatility assets. Coins like $NKN were under pressure for a long time, can generate large percentage moves even with a relatively small increase in demand. Going forward, pullbacks and profit booking are normal, but as long as the price holds above its recent support level and volume remains stable, $NKN can stay on traders’ radar.

NKN

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