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Cartesi price prediction could see a significant spike if the price crosses the upper limit of the channel.
Very Bullish-Rated Cartesi (CTSI) rises to $0.340
Over the past few hours, Cartesi has shown significant bullish momentum in response to market movements. Both Cartesi’s trading volume and price movements during this period are remarkable. A brief, short-term look at a cryptocurrency’s recent performance can prove valuable for both short-term investors looking to capitalize on an upward trend and long-term investors looking for buying opportunities during price declines.
Descartes Predictive Statistics Date:
- Current Descartes price – $0.326
- Descartes market cap – $247.8 million
- Cartesi circulating supply – 778.1 million
- Cartesi Total Supply – 1 Billion
- Descartes CoinMarketCap Ranking – #190
CTSI/USD Market
Main level:
Resistance levels: $0.380, $0.390, $0.400
Support levels: $0.250, $0.240, $0.230
CTSI/USD is starting to make a new bullish move as the coin broke above its 9-day and 21-day moving averages to reach a daily high of $0.340, and may also make a bullish crossover above the upper boundary of the channel. Buyers increase buying pressure. However, the coin is likely to generate further upside as the bulls may continue to dominate the market.
Cartesi Price Prediction: CTSI Could Trigger a New Rebound
Cartesi price can sustain its bullish movement only if the coin moves near the resistance level of $360. At the time of this writing, the 9-day moving average is currently above the 21-day moving average to encourage more buyers to enter the market.
Nonetheless, if buyers increase the pressure, traders can see a bullish movement in the coin. Otherwise, the market price may head towards the lower boundary of the channel where it could reach the support levels of $0.250, $0.240 and $0.230. However, if the bulls keep the market price above the moving average, a quick bullish crossover could occur above the channel, with resistance levels positioned at $0.380, $0.390, and $0.400, respectively.
CTSI/BTC prepares for a bullish move
Compared to Bitcoin, Cartesi price is hovering around 641 SAT with the coin remaining above its 9- and 21-day moving averages. Meanwhile, the coin has touched the resistance level of 694 SAT, but due to the fact that the market continues to rise, the coin is likely to break above the upper boundary of the channel.
Nonetheless, the daily chart shows that potential resistance levels could be positioned above 745 SAT as buyers increase pressure, but a bearish move below the lower boundary of the channel could entice new sellers to enter the market at the next level. . Focus on application levels below 495 SAT.
@WorldOfCharts1 shared insights on his However, there is still plenty of potential ahead. 📈
It’s moving as expected and we’re getting almost 30% returns so far, but there’s still a long way to go📈#Cryptocurrency #Ctsi #Ctsiusdt https://t.co/IdfFNnfXjO pic.twitter.com/NsXqaJZURn
— World Of Charts (@WorldOfCharts1) February 11, 2024
Alternative to Cartesian
Cartesi (CTSI) price is expected to potentially rise towards the $0.370 resistance level on the back of momentum breaking the channel upper limit. Cartesi maintains a strong market capitalization of $247.8 million, despite hitting a daily high of $0.340 before reversing. Conversely, $BTCMTX, currently in pre-sale, has gained significant momentum with over $10.8 million in funding, indicating significant growth potential.
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