Cartesi (CTSIUSDT) closed at $0.0705 today (July 15), down from an open of $0.0717 (July 14 12:00 ET). The price reached a 24-hour high of $0.0722 and low of $0.0677, with total traded volume of 2,468,639 tokens and $1,026,344 in turnover (sum of the "amount" field).
Summary
• Price fluctuated between $0.0677 and $0.0722, testing key support at $0.0705 and resistance near $0.071.
• A massive volume spike at $0.0711 (July 15 02:45 ET) marked a sharp drop, signaling potential bearish pressure.
• RSI remained neutral (mid-range), with no extreme overbought/oversold conditions detected.
Structure & Formations
The $0.0705–$0.0710 zone acted as a pivot: it held as support during the July 15 drop but failed as resistance in later rallies. A bearish engulfing candle formed during the July 15 02:45 ET session, reinforcing short-term downside momentum. No notable doji or reversal patterns appeared in recent candles.
Moving Averages
The 20-period (15-min) MA hovered near $0.0705, while the 50-period MA lagged slightly lower at $0.0702, suggesting sideways consolidation. On a daily chart, the 50-day MA ($0.0708) aligns with the current price cluster, indicating a neutral bias.
MACD & RSI
MACD dipped below its signal line on July 15, reflecting weakening bullish momentum. RSI oscillated between 45–55, staying within a neutral range and lacking clear signals for overbought/oversold extremes.
Bollinger Bands
Price settled near the lower band ($0.068–$0.069), suggesting volatility contraction and a potential rebound toward the mid-band ($0.0705). The bands narrowed during the July 15 drop, hinting at a coming volatility expansion.
Volume & Turnover
A $1.78 million volume spike (July 15 02:45 ET) coincided with a sharp price drop, confirming bearish pressure. Turnover peaked during this session but declined afterward, indicating reduced urgency in further selling.
Fibonacci Retracements
The recent swing from $0.0722 (high) to $0.0677 (low) saw the 38.2% retracement at $0.0705—where price closed—acting as a magnet. A break below $0.069 (61.8% retracement) could signal deeper declines.
Looking ahead, Cartesi faces a critical test at $0.0705. A sustained breakout above $0.071 may reignite bullish momentum, while a close below $0.069 risks a slide toward $0.0677. Investors should monitor volume dynamics and Bollinger Band expansion for clues on next moves. As always, volatility remains elevated—use stop-losses and manage risk accordingly.
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