Cartesi Price Prediction: Will CTSI Price Support the Trend?

• As per the Cartesi price prediction, the coin is trading at $0.1601 and the coin increased by 3.69% in the last 24 hours.

• CTSI is trading below 100 days and 200-day exponential moving averages.
• For the CTSI price, the 52-week price bound range is $0.02670608 – $1.74.

The Cartesi price prediction highlights that the coin recently gave a breakout from the trendline and it is trying to sustain itself at the current level of $0.1601. This week the coin performed well as it was up by 6.52%. Also, the CTSI price was up by 47.83% in the last six months which highlights its good performance. Moreover, the Cartesi coin’s price year-to-date return is negative with an increase of 53.65%.

CTSI Price Technical Analysis in 1-D TimeFrame

The Cartesi price prediction indicates the amount of CTSI coin price traded in a day is $61.738K. As observed, It seems that the trading activity is declining. Therefore, it can be inferred that: to push the price up, the coin must accumulate more volume to surge above the hurdles, or else the coin would end up consolidating. 

The CTSI coin respected its significant trendline forming a falling wedge pattern, which highlights that the coin price might go upwards and the pattern did give a breakout. But as examined, the coin’s volume lacks bull’s interest and resistance is high. If the CTSI coin succeeds in accumulating more buyers, only then it might surge and lead the price above hurdles, or else it’ll end up consolidating.

On the day of publishing, the CTSI price is trying to sustain itself at the current level on the 1D chart. The CTSI price is trading below the 100 & 200-day EMA (exponential moving average), which is acting as a hurdle, and trading above the 20 and 50-day EMA which is acting as a support and pushing the CTSI price trend upwards. There is a possibility that the worth of the CTSI coin will increase, if volume re-enters the market or if the price might consolidate.

The MACD indicator summarizes the upward momentum of the CTSI price giving a bullish crossover. Also, the MACD indicator is in the negative zone below the zero line. The MACD line at -0.0003 and signal line at -0.0034 suggest that the MACD is in positive territory and is giving bullish signals.

The current value of RSI is 55.69 points. The 14 SMA line is currently near the median line at 49.61 points. As the price is going toward overbought territory, the market is witnessing bullish sentiment now.

Extraction

The Cartesi price prediction highlights the sentiments and perspectives of investors and traders regarding the coin price to consolidate in the 1D timeframe. The CTSI coin price reflects an optimistic view at the time of publishing. The technical parameters of the CTSI price suggest the continuation of the consolidation or uptrend over the daily time frame chart. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals about the CTSI coin.

Technical Levels:

• The nearest support level is $0.1340 & $0.1145.
• The nearest resistance level is $0.1910 & $0.2035.

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.