In this Cortex technical analysis, we will examine the current price action, trading volume, key levels and indicators for CTXC-BTC. Cortex (CTXC) is a decentralized cryptocurrency that utilizes advanced encryption techniques to ensure secure and private transactions. Its innovative consensus algorithm allows for fast transaction processing times, making it an attractive option for users looking for a reliable and efficient digital currency. With its focus on security and speed, Cortex (CTXC) is poised to become a leading player in the cryptocurrency market.
Cortex Price Overview:
As of September 22, 2023, 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) | 42,568.00 |
- 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 (%) | 0.45% |
| 3D Change (%) | 0.67% |
| 7D Change (%) | -0.66% |
| 30D Change (%) | -1.10% |
| 90D Change (%) | -10.18% |
| YTD Change (%) | -53.12% |
Over the past three days, CTXCBTC has increased by approximately 0.67%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.66%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CTXCBTC maintaining a downward trend of approximately -1.10%, despite intermittent fluctuations. Examining the last 90 days, CTXCBTC has witnessed substantial decrease of approximately -10.18%, reflecting strong long-term confidence. Year-to-date, CTXCBTC has steadily depreciated by around -53.12%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
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 0.4889.
- Momentum score is -0.01099.
CTXC BTC Technical Analysis
Cortex Trading Volume:
The trading volume for Cortex (CTXC) over the past 24 hours has been insignificant, with approximately 42,568.00 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 neutral zone, around 45.00434. This suggests that Cortex is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Cortex (CTXC-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 insignificant 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.
