In this technical analysis of Cortex, we’ll delve into the current price action, trading volume, key levels, and indicators for CTXC-BTC. The Cortex platform (CTXC) is a decentralized ecosystem that empowers users to create and execute smart contracts securely and transparently. Its novel consensus algorithm and innovative architecture enable faster transaction processing times and lower fees compared to other blockchain networks. Furthermore, Cortex boasts an intuitive user interface and supports a wide range of programming languages, making it accessible to developers of all skill levels.
Cortex Price Overview:
As of July 19, 2024, Cortex is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for CTXC-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 157,170.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Cortex reached a daily high of around 0.0 BTC.
- Low (L): The daily low for CTXC-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Cortex is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.15% |
| 3D Change (%) | 1.18% |
| 7D Change (%) | -11.03% |
| 30D Change (%) | -26.50% |
| 90D Change (%) | -50.19% |
| YTD Change (%) | -74.23% |
Over the past three days, CTXCBTC has experienced a notable surge of approximately 1.18%, indicating increased market volatility. In contrast, the cryptocurrency’s performance over the last week reveals a decline of around -11.03%, suggesting a decrease in investor interest. A 30-day analysis provides a more comprehensive perspective, with CTXCBTC maintaining a downward trend of approximately -26.50%. Furthermore, the last 90 days have seen a substantial fall of around -50.19%, reflecting a significant loss in long-term value. Year-to-date, CTXCBTC has continued to decline steadily by approximately -74.23%.
Cortex Live Chart:
You can access a live price chart for CTXC-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 1.18032.
- Momentum score is -0.28926.
CTXC BTC Technical Analysis
Cortex Trading Volume:
The trading volume for Cortex (CTXC) over the past 24 hours has been insignificant, with approximately 157,170.00 BTC traded against CTXC. 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): CTXC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Cortex is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CTXC-BTC is currently in the low zone, around 37.69279. This suggests that Cortex is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: Cortex (CTXC-BTC) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals indicating a potential downward trend.
Cortex (CTXCBTC) poised for growth at 2.58e-06 BTC, as bullish technical analysis reveals robust support and promising indicators.
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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.