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The Cartesi market has been gaining steady upside traction. This started ever since its price action crossed the $0.2000 resistance for the third time. Also, volatility seems to have heightened, which appears favorable for bullish progress.
Cartesi Statistics:
Current CTSI Value: $0.3398
CTSI Market Cap: $270,747,821
Cartesi Circulating Supply: 779,220,518
CTSI Total Supply: 1,000,000,000
Cartesi CoinMarketCap Rank: 227
Key Price Levels:
Resistance: $0.3398, $0.3500, and $0.3700
Support: $0.3300, $0.3200, and $0.3100
CTSI Charges Towards the $0.3500 Resistance Price Level
The previous session and the ongoing session have been particularly profitable in the Cartesi daily market. The corresponding price candle for the ongoing session shows that upside forces are of considerable strength at the moment. This could be seen as the price candle appeared further above the Guppy Multiple Moving Average (GMMA) curves.
Likewise, the upper shadow of this candle appears shorter than the lower one, which shows that buyers are exerting significant force in the market. The Moving Average Convergence Divergence (MACD) indicator has just delivered an upside crossover above the center line. Furthermore, it could be observed that the ensuing lines following the crossover aren’t hyperextended at such a significant price increase. Consequently, this suggests that bulls are strong, and bullish crypto signals are still usable in this market.
The Cartesi Market Remains Focused on Reaching Higher Marks
The CTSI 4-hour market has further shed more light on activities that are ongoing in this market. Here it could be seen that price activity has punched its way through the resistance at the $0.3500 mark in the previous session. However, price action failed to obtain support above this mark. As a result, a downward correction occurred, bringing prices back below this threshold. Nevertheless, the ongoing session seems quite promising, with the price already at the $0.3400 mark and above the GMMA indicator lines.
Simultaneously, the lines of the Average True Range (ATR) line of the indicator now have an upward bearing at their tip. Consequently, this suggests that the uptrend in this market will likely bring the price past the $0.3500 mark at least.
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