In this Cortex technical analysis, we will examine the current price action, trading volume, key levels and indicators for CTXC-USDT. Cortex (CTXC) is a decentralized platform that enables the creation and execution of smart contracts, providing users with a secure and transparent way to manage digital assets. CTXC’s novel consensus algorithm ensures fast and efficient transaction processing, making it an attractive option for businesses and individuals looking to leverage blockchain technology. With its focus on scalability and interoperability, Cortex is poised to play a significant role in the future of decentralized applications and digital asset management.
Cortex Price Overview:
As of May 12, 2024, Cortex is trading at approximately 0.3417 USDT. Let’s dive into the detailed price action for CTXC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3402 |
| High (H) | 0.3433 |
| Low (L) | 0.3346 |
| Close (C) | 0.3417 |
| Volume (C) | 1,444,775.00 |
- Open (O): The opening price for today’s trading session was approximately 0.3402 USDT.
- High (H): Cortex reached a daily high of around 0.3433 USDT.
- Low (L): The daily low for CTXC-USDT was approximately 0.3346 USDT.
- Close (C): At the time of analysis, Cortex is trading near its daily close of 0.3417 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.56% |
| 3D Change (%) | -4.23% |
| 7D Change (%) | -4.82% |
| 30D Change (%) | 4.78% |
| 90D Change (%) | -39.38% |
| YTD Change (%) | -19.30% |
Over the past three days, CTXCUSDT has fallen by approximately -4.23%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.82%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CTXCUSDT maintaining an upward trend of approximately 4.78%, despite intermittent fluctuations. Examining the last 90 days, CTXCUSDT has witnessed substantial decline of approximately -39.38%, reflecting strong long-term confidence. Year-to-date, CTXCUSDT has steadily depreciated by around -19.30%, 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 0.77485.
- Momentum score is 0.01395.
CTXC USDT Technical Analysis
Cortex Trading Volume:
The trading volume for Cortex (CTXC) over the past 24 hours has been insignificant, with approximately 1,444,775.00 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 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-USDT is currently in the neutral zone, around 46.34666. 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 bearish 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.
Receive signals of growth for Cortex (CTXCUSDT) at 3.42e-01 USDT through positive technical analysis, backed by strong 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.