In this Cortex technical analysis, we will examine the current price action, trading volume, key levels and indicators for CTXC-USDT. Sure, here are three sentences about Cortex (CTXC) cryptocurrency: Cortex (CTXC) is a decentralized, open-source blockchain platform that enables the development of scalable and interoperable applications. Its novel consensus algorithm, called Tangle, allows for fast and secure transactions without the need for mining or proof-of-work. With Cortex, developers can build decentralized applications (dApps) with ease, unlocking new use cases and possibilities in the blockchain space.
Cortex Price Overview:
As of October 03, 2023, Cortex is trading at approximately 0.1234 USDT. Let’s dive into the detailed price action for CTXC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1247 |
| High (H) | 0.1254 |
| Low (L) | 0.1229 |
| Close (C) | 0.1234 |
| Volume (C) | 1,923,376.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1247 USDT.
- High (H): Cortex reached a daily high of around 0.1254 USDT.
- Low (L): The daily low for CTXC-USDT was approximately 0.1229 USDT.
- Close (C): At the time of analysis, Cortex is trading near its daily close of 0.1234 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.96% |
| 3D Change (%) | -1.28% |
| 7D Change (%) | 1.82% |
| 30D Change (%) | 2.07% |
| 90D Change (%) | -21.70% |
| YTD Change (%) | -22.58% |
Over the past three days, CTXCUSDT has dropped by approximately -1.28%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.82%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CTXCUSDT maintaining an upward trend of approximately 2.07%, despite intermittent fluctuations. Examining the last 90 days, CTXCUSDT has witnessed substantial decline of approximately -21.70%, reflecting strong long-term confidence. Year-to-date, CTXCUSDT has steadily decreased by around -22.58%, 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-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 0.28619.
- Momentum score is 0.02068.
CTXC USDT Technical Analysis
Cortex Trading Volume:
The trading volume for Cortex (CTXC) over the past 24 hours has been insignificant, with approximately 1,923,376.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Cortex is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for CTXC-USDT is currently in the neutral zone, around 46.88203. This suggests that Cortex is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Cortex (CTXC-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 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.
