Bearish Signals for CTXC (CTXC/USDT): Potential for Further Decline

CTXC is currently trading at $0.3774, down by 32.72%. Despite a high of $0.6290 within the past 24 hours, the downward movement indicates a loss of momentum. The market cap of $80.19M and trading volume of $315.14M suggests strong fluctuations, signaling potential downside risk.

Key Insights:

Support Level: $0.34.

Resistance Targets: $0.45 (short-term), $0.50 (mid-term).

Technical Indicators: MACD shows weakening buying pressure, indicating further potential drops.

Strategy: Monitor for stabilization at $0.34; consider caution if downward momentum continues.