18 Dec 2024: CTXC/USDT market price is 0.3197.
Eyeing a Major Breakout
$CTXC Cortex has witnessed a remarkable rally with 233% monthly gains, surging from a low of $0.21 to price of $0.83. This significant move has brought CTXC to a critical resistance level a descending trendline that has persisted since 2018, marking a long-term downtrend.
The key zone to watch is the $0.86 level, where this trendline converges. Breaking above $0.86 would signify a decisive trendline breakout, paving the way for further bullish momentum. The next immediate resistance targets lie at $0.91 and $1.04, representing a potential upside of 25% from the current price.
Should CTXC successfully break above $1.04, it could trigger a sustained bullish rally toward $1.30, marking a significant step toward reclaiming higher levels.
Conclusion
Cortex (CTXC) is showing strong signs of a breakout, and its performance this month has cemented its position as one of the top contenders in the altcoin space. With its robust price action and proximity to a critical resistance, CTXC is one to watch in the coming days.
