Cartesi (CTSI): Are We Close to a New Price Explosion?
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Real-time accurate data:
Current price: ~0.114 USD, with an astonishing increase of +65% over the last 24 hours.
Price range during the day: from 0.069 to 0.120 USD.
24-hour trading volume: between $285M – $300M USD.
Market Cap: Approximately $96M – $100M USD.
Circulating supply: Around 877 million CTSI out of 1 billion.
Platform customers: The number of buyers exceeds the number of sellers by 82.4% to 17.6% on Kraken.
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Technical Analysis:
Momentum strength: Sharp rise in price and trading volume indicates the entry of significant liquidity.
Strong resistance level: Around 0.120 – 0.122 USD — a clear break above it could drive the coin into a stronger wave.
Key support point: Around 0.100 – 0.105 USD — must be maintained to confirm the continuation of the upward trend.
Immediate Trading Strategy (Short-Term):
----- Long Strategy -----
Entry point: When breaking momentum at the level of 0.122 USD with confirmation through several candles and closing above it.
Profit targets:
First: 0.13 USD
Next: 0.14 USD
Bold target: 0.15 USD if the upward momentum continues.
Stop loss: When the price drops below 0.105 USD.
------ Short Strategy – Caution Reserve ------
Entry point: When there's a strong reversal from the resistance of 0.122 USD with increased selling volume.
Sell targets: 0.11 → 0.10 USD.
Stop loss: Above the resistance limit of 0.125 USD.
