Cartesi price prediction for today, December 23 – CTSI technical analysis

According to Cartesi price prediction, CTSI has been following a bullish move over the past few days as the coin surges northward.

Descartes Predictive Statistics Date:

• Current Descartes price – $0.20
• Descartes market capitalization – $149.8 million
• Cartesi Circulating Supply – 767.6 million units
• Cartesi Total Supply – 1 Billion
• Descartes CoinMarketCap Ranking – #278

CTSI/USD Market

Main level:

Resistance levels: $0.23, $0.24, $0.25

Support levels: $0.16, $0.15, $0.14

CTSI/USD is showing a slight increase of around 12.85% during today’s European session. It is currently trading at $0.20, well above the 9-day and 21-day moving averages. For the past few weeks, Cartesi price has been hovering above the moving average. Due to this, CTSI/USD is still effective above the upper boundary of the channel.

Cartesi Price Prediction: Where Could CTSI Price Go Next?

Over the past few days, Cartesi prices have remained relatively strong with increasing bull pressure. According to the daily chart, the move into a downtrend has been shortened. However, Cartesi price has reached a low of $0.17 but still maintains a bullish movement.

Moreover, a significant crossover above the upper boundary of the channel could sustain the uptrend towards the $0.22 high. Meanwhile, if CTSI surges above these levels, the resistance levels could be $0.23, $0.24 and $0.25 while a bearish pullback could bring the price towards support levels of $0.16, $0.15 and $0.14 respectively.

CTSI/BTC has consolidated above its moving average.

Compared to Bitcoin, the Cartesi price has been bearish previously and has been trading within the 9-day and 21-day moving averages. CTSI/BTC is currently trading at 452 SAT and is expected to break above the channel upper limit. Meanwhile, looking at the daily chart, the bulls are currently dominating the market and are pushing the market price north.

Nonetheless, if the market declines and heads towards the lower boundary of the channel, the next major support could come below 345 SAT. On the bullish side, upside potential could push the market above the upper boundary of the channel to reach resistance levels above 525 SAT.

Alternative to Cartesian

According to the daily chart, Cartesi price has surged above $0.18, bracing for a potential bullish signal as the coin crosses the upper limit of the channel, a move that could push the price higher. However, if the bullish momentum strengthens, Cartesi (CTSI) is likely to reach the resistance level of $0.22.

Nonetheless, investors would do well to consider both Cartesi (CTSI), which has a market cap of $149.8 million, and Bitcoin Minetrix, a promising low-cap token that raised over $5.8 million in its initial coin offering. CTSI offers stability due to its solid market position, while Bitcoin Minetrix presents the potential for significant profits as a low-capitalization option.

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