$CTXC NEXT TARGET:

Cortex (CTXC) has seen significant volatility recently, with a price decline of approximately 56% over the past week but a notable 76% increase over the past month. Currently, CTXC is trading around $0.37 to $0.39, far below its historical high of $2.41 in 2018.

Technical Overview:

1. Support Levels: The nearest support is at $0.35, where buying interest may emerge. Below this, $0.30 serves as a critical level, as breaking this could indicate further downside risk.

2. Resistance Levels: Immediate resistance is near $0.42, with a stronger barrier around $0.50. Breaching $0.50 could lead to a test of higher levels at $0.70.

3. Trend: $CTXC is currently in a downtrend on the daily timeframe, with bearish momentum confirmed by technical indicators like moving averages and RSI. However, the longer-term trend shows potential recovery, given the monthly growth.

4. Volume Analysis: The trading volume remains high, suggesting active participation but also volatility risks.

Outlook:

To reverse the current downtrend, $CTXC must hold support above $0.35 and sustain a move above $0.42 to challenge $0.50. However, if the bearish momentum persists, prices could test lower levels near $0.30.