Cartesi (CTSI) Registers More Than 9% Gains

The Cartesi token has appeared on today’s list of trending coins after recording an impressive 8.33% price increase as of the time of writing. Technical indicators still support the view that the market may push higher in the coming sessions. Let’s dive into more details below.

Cartesi Market Statistics

Current Price: $0.0850

Market Capitalization: $73.18M

Circulating Supply: 879.97M

Total Supply: 1B

CoinMarketCap Rank: 469

Key Price Levels

Resistance: $0.0900, $0.1000, $0.1250

Support: $0.0800, $0.0700, $0.0600

CTSI Stays Well Supported

The Cartesi token has maintained its base above the 9-day Exponential Moving Average (EMA) curve. The current session’s price candle also appears prominent as it ascends further above the EMA line.

However, it is clear that bearish forces have triggered some downward contraction in the market. Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are still rising into the overbought region of the indicator. This suggests that price action remains aligned with the possibility of continued upward movement.

Cartesi Bullish Pressure Stays On

On the 4-hour chart, the CTSI market has preserved its bullish outlook even within shorter time frames. Here, the latest price candle is positioned above the 9-day EMA line. This candle also shows an upper shadow while retaining a modest body size.

Furthermore, the SRSI indicator has just delivered an upward crossover around the 50 level, with its lines moving higher. This indicates that bullish momentum is still dominant and could potentially drive prices toward the $0.0950 resistance level in subsequent sessions.

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