In this Cartesi technical analysis, we will examine the current price action, trading volume, key levels and indicators for CTSI-BTC. Cartesi (CTSI) is a cryptocurrency that focuses on providing a scalable and secure platform for decentralized applications (dApps). Its unique architecture allows for the execution of smart contracts in a trustless and permissionless manner, ensuring the integrity and security of the network. With Cartesi, dApp developers can build and deploy their applications with confidence, knowing that the underlying infrastructure is robust and reliable.
Cartesi Price Overview:
As of October 02, 2023, Cartesi is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for CTSI-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 573,490.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Cartesi reached a daily high of around 0.0 BTC.
- Low (L): The daily low for CTSI-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Cartesi is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.25% |
| 3D Change (%) | -0.21% |
| 7D Change (%) | 0.42% |
| 30D Change (%) | 0.84% |
| 90D Change (%) | -7.90% |
| YTD Change (%) | -23.27% |
Over the past three days, CTSIBTC has decreased by approximately -0.21%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.42%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CTSIBTC maintaining an upward trend of approximately 0.84%, despite intermittent fluctuations. Examining the last 90 days, CTSIBTC has witnessed substantial decline of approximately -7.90%, reflecting strong long-term confidence. Year-to-date, CTSIBTC has steadily depreciated by around -23.27%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Cartesi Live Chart:
You can access a live price chart for CTSI-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.3532.
- Momentum score is 0.00844.
CTSI BTC Technical Analysis
Cartesi Trading Volume:
The trading volume for Cartesi (CTSI) over the past 24 hours has been significant, with approximately 573,490.00 BTC traded against CTSI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): CTSI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Cartesi is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CTSI-BTC is currently in the neutral zone, around 48.84745. This suggests that Cartesi is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Cartesi (CTSI-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
