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Cartesi (CTSIUSDT) closed at $0.0735 after fluctuating between $0.0697 and $0.0776 over the past 24 hours. The pair opened at $0.0699 (12:00 ET-1) and recorded a total volume of ~20 million units. Turnover data appears inconsistent due to malformed inputs.
Technical Analysis
Structure & Formations
The $0.073–$0.074 zone acts as both resistance and support, having been tested during the $0.0757 peak and subsequent pullback. A bearish engulfing pattern formed at the $0.0755 high, signaling potential reversal. Notable support holds at $0.073, with a break below risking a drop toward $0.072.
Moving Averages
The 20-period EMA hovers around $0.074, while the 50-period lags near $0.0735. Daily moving averages (50/100/200) remain tightly clustered between $0.072 and $0.075, reflecting indecision.
MACD & RSI
MACD remains positive but shows declining momentum, with the line dipping below its signal line. RSI at ~65 suggests overbought conditions are easing but no clear oversold readings yet.
Bollinger Bands
Price recently touched the upper band at $0.0757 before contracting toward the middle band. A close below the lower band would signal renewed bearish pressure.
Volume & Turnover
The $9M volume surge at the $0.0776 peak contrasted with subsequent declines, suggesting waning buying pressure. Volume confirmed resistance at $0.075 levels but showed no significant divergence.
Fibonacci Retracements
A 38.2% retracement ($0.0740) and 61.8% ($0.0733) from the $0.0707–$0.0757 swing define critical support/resistance thresholds.
Outlook
CTSIUSDT may consolidate within the $0.073–$0.074 range before testing either breakout level. Investors should monitor $0.075 resistance for renewed momentum or $0.072 support for bearish confirmation. Volatility remains elevated; position sizing and stop-loss discipline are advised.
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