$NKN is trending higher after a clean bounce from the 0.0105 demand zone. On the 1H, structure remains bullish with higher highs and higher lows, but price is now testing short-term supply.

Key levels

Support: 0.01175 → 0.01150

Resistance: 0.01195–0.01205, then 0.01230

Holding above 0.01175 keeps continuation toward 0.0120–0.0123 in play.

Rejection at 0.0120 likely leads to a healthy pullback, not trend failure.

Loss of 0.01150 weakens momentum and risks a deeper retrace toward 0.0111.

Overall: structure is bullish, but price is at a decision zone. Either brief consolidation or continuation if 0.012 breaks cleanly.