Cartesi price prediction for today, January 5 – CTSI technical analysis

Cartesi price prediction is poised to cross the upper boundary of the channel after a quick retracement.

Descartes Predictive Statistics Date:

• Current Cartesi price – $0.24
• Descartes Market Cap – $177.6 million
• Cartesi circulating supply – 769 million
• Cartesi Total Supply – 1 Billion
• Descartes CoinMarketCap Ranking – #250

CTSI/USD Market

Main level:

Resistance levels: $0.28, $0.30, $0.32

Support levels: $0.20, $0.18, $0.16

CTSI/USD is recovering above its current opening price of $0.25 and is likely to rise above $0.26 soon. Meanwhile, Cartesi price is currently trading above the 9-day and 21-day moving averages as bulls are starting to take control of the market.

Cartesi Price Prediction: CTSI Could Cross Channel

Cartesi price may cross the upper boundary of the channel. However, if CTSI/USD breaks the channel, it may encounter important resistance at $0.26. Therefore, a successful break above this level could lead to another rise above the $0.27 level and the price is likely to rise towards the $0.28, $0.30 and $0.32 resistance levels in the next positive direction.

As a technical indicator, the coin could surge to generate further gains, but a crossover below the 9- and 21-day moving averages could touch the $0.22 support level. The next major support line is towards the lower limit of the channel. The bulls are likely to take a strong stance here, but further losses could lead the price towards the $0.20, $0.18 and $0.16 support levels.

CTSI/BTC begins upward movement

Compared to Bitcoin, Cartesi price is now moving above the 9- and 21-day moving averages as the market continues to move around the upper boundary of the channel. Meanwhile, the 9-day moving average continues to hover above the 21-day moving average, confirming a bullish movement.

However, if the price breaks above the upper boundary of the channel, the bulls could take the market back to the resistance level of 582 SAT. Moreover, if the price holds above this level, it may reach resistance levels above 650 SAT. On the other hand, a slide below the moving average could find support levels below 440 SAT.

Cartesian alternative

Daily chart analysis shows that Cartesi price has surged past $0.25, setting the stage for a potential bullish indicator as the coin aims to break the upper limit of the channel and potentially push its value higher. Nonetheless, if the bullish momentum expands, Cartesi (CTSI) is likely to face resistance near the $0.30 level.

However, investors should evaluate both Cartesi (CTSI), which boasts a market capitalization of $177.6 million, and Bitcoin Minetrix, an emerging low-cap token that raised more than $7.5 million in the pre-sale phase. While CTSI offers stability based on a recognized market presence, Bitcoin Minetrix is ​​a promising low-cost alternative that offers significant return appeal.

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