Cartesi (CTSI) Bulls Leap Back into Action

The Cartesi token has surged into the second spot among today’s best-performing cryptocurrencies. Its price has grown by 4.55% as of the time of writing, with price action holding notably above key technical levels. Let’s take a closer look at the market.

CTSI Market Statistics

Current Price: $0.0879

Market Capitalization: $76.85M

Circulating Supply: 881.14M

Total Supply: 1B

CoinMarketCap Rank: 453

Key Price Levels

Resistance: $0.0900, $0.0950, $0.1000

Support: $0.0850, $0.0800, $0.0750

Cartesi Bulls Slingshot Into Action

The CTSI/USDT market has posted strong gains today, lifting price action above the 9-day Exponential Moving Average (EMA). However, the latest candle shows a downward contraction, leaving an upper shadow that signals some profit-taking. Despite this, the token continues to trade above the EMA curve, technically supporting the view that bullish forces remain active.

Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are deflecting downward. The lead line has bent sideways toward an upward crossover, and a confirmed crossover here would reinforce bullish sentiment.

CTSI Market Keeps a Strong Base

On smaller time frames, Cartesi’s price action has been trending upward consistently over the past three sessions. The most recent candle is larger than its predecessors, showing stronger momentum despite minor contractions along the way.

The SRSI lines are also rising steeply from the oversold region, further confirming bullish pressure. Given these signals, buyers appear to be holding firm control of the market, suggesting a possible move toward the $0.0950 resistance level in the near term.

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