In Oversold Condition! $CTXC Will the upcoming bounce be your golden opportunity to buy?
$CTXC
CTXC/USDT Technical Analysis:
1. General Trend:
The coin is witnessing a sharp decline of -12.45% as its current price has dropped to $0.32.
The price touched the support level at 0.3020 and has not broken this level yet.
Nearby Resistance Levels: 0.3753.
2. Technical Indicators:
Moving Averages (MA):
MA(7) at 0.3318 indicates the upcoming bearish trend.
MA(25) at 0.5353 and MA(99) at 0.6559 reflect significant selling pressure in the medium and long term.
RSI (Relative Strength Index):
At 25.77, the coin is in the oversold zone, which could signal an imminent rebound.
MACD:
The indicator shows a negative divergence at -0.0028, but there are attempts to narrow the gap.
3. Financial flows:
Selling flows are outpacing buying, especially from large investors with total selling at 106.47M versus buying at 94.98M.
4. Fundamental data:
Market cap: $73M.
Total supply: 299.79M CTXC.
Historical high: $2.41.
Historical low: $0.034.
Is the price rising or falling?
The coin is currently in a downtrend with oversold signals according to the RSI.
A rebound from the $0.30 level could occur if buying increases.
Watching the break of the $0.375 level is a sign of a gradual return to the upside.
$CTXC
#ctxc
