CTSI USDT Cartesi Technical Analysis

Cartesi logo In this Cartesi technical analysis, we will examine the current price action, trading volume, key levels and indicators for CTSI-USDT. Cartesi (CTSI) is a decentralized cryptocurrency that utilizes a unique proof-of-stake consensus algorithm, known as “Proof of Space,” which leverages the available storage space on users’ devices to secure the network. This innovative approach allows Cartesi to achieve faster transaction times and greater security compared to traditional proof-of-work algorithms. By harnessing the untapped potential of users’ storage devices, Cartesi is poised to revolutionize the cryptocurrency landscape.

Cartesi Price Overview:

As of October 02, 2023, Cartesi is trading at approximately 0.1328 USDT. Let’s dive into the detailed price action for CTSI-USDT:

Metric Value
Open (O) 0.1369
High (H) 0.1385
Low (L) 0.13
Close (C) 0.1328
Volume (C) 9,670,089.00
  • Open (O): The opening price for today’s trading session was approximately 0.1369 USDT.
  • High (H): Cartesi reached a daily high of around 0.1385 USDT.
  • Low (L): The daily low for CTSI-USDT was approximately 0.13 USDT.
  • Close (C): At the time of analysis, Cartesi is trading near its daily close of 0.1328 USDT.
Metric Value
1D Change (%) -2.92%
3D Change (%) 3.35%
7D Change (%) 5.99%
30D Change (%) 8.41%
90D Change (%) -16.74%
YTD Change (%) 29.18%

Over the past three days, CTSIUSDT has risen by approximately 3.35%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 5.99%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CTSIUSDT maintaining an upward trend of approximately 8.41%, despite intermittent fluctuations. Examining the last 90 days, CTSIUSDT has witnessed substantial fall of approximately -16.74%, reflecting strong long-term confidence. Year-to-date, CTSIUSDT has steadily increased by around 29.18%, 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-USDT 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 0.42853.
  • Momentum score is 0.08408.

CTSI USDT Technical Analysis

Cartesi Trading Volume:

The trading volume for Cartesi (CTSI) over the past 24 hours has been significant, with approximately 9,670,089.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Cartesi is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for CTSI-USDT is currently in the neutral zone, around 51.01803. This suggests that Cartesi is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Cartesi (CTSI-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT 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.