- Bullish Cartesi price prediction ranges from $0.95 to $1.75
- Cartesi prices might also reach $2 soon.
- CTSI bearish market price prediction for 2021 is $0.14.
In Cartesi (CTSI) price prediction 2021, we use statistics, price patterns, RSI, and much other information about CTSI to analyze the future movement of the cryptocurrency.
Cartesi is taking smart contracts to the next level. It is solving the urgent problem of scalability and high fees on blockchains by implementing a variant of optimistic roll-ups. Most notably, Cartesi is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks. Noether is Cartesi’s side-chain that’s optimized for ephemeral data, providing low-cost data availability to DApps.
Let us see about the Cartesi price prediction 2021.
Current Market Status of Cartesi (CTSI)
According to CoinGecko, the Cartesi price is trading at $0.794 with a 24-hour trading volume of $41,949,559, at the time of writing. However, Cartesi has increased by 2.2% in the last 24 hours.
Currently, Cartesi trades in cryptocurrency exchanges such as Binance, Tokocrypto, Huobi Global, Hotcoin Global, and Upbit.
Cartesi (CTSI) Price Prediction 2021
Cartesi (CTSI) holds the 192nd position on CoinGecko right now. Cartesi price prediction 2021 explained below with a daily time frame.
The above chart shows the Descending Channel Pattern of CTSI. A descending channel is the price action that takes place between lower inclining equal trendlines. In fact, lower highs and lower lows form this price pattern.
Currently, CTSI is waving at $0.794. If the bullish trend continues, CTSI would continue to follow the pattern where the price chart would show a downtrend. If the trend reverses, then the price of CTSI may hit $1.79.
Cartesi (CTSI) Support and Resistance Level
The below chart shows the support and resistance level of Cartesi (CTSI).
From the above chart, it is observed that the following are the resistance and support levels of Cartesi.
- Resistance Level 1 – $0.95
- Resistance Level 2 – $1.75
- Support Level 1 – $0.31
- Support Level 2 – $0.14
- Support Level 3 – $0.06
The chart depicts the bullish performance of Cartesi over the previous month. However, this trend will continue to reach a resistance level at $1.75 soon. Even more, if the trend reversed then Cartesi might fall to $0.31 presenting a bearish signal.
Cartesi (CTSI) Average Directional Index (ADX)
Let us now look at Reserve Rights’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).
Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.
The above chart represents the ADX of Cartesi. Currently, Cartesi lies in the range at 73.3, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future.
Cartesi is one of the cryptos which is great for long-term investment. In addition, Cartesi price prediction is bullish for a short-term. It has a good chance of reaching $1.7 within the end of this year. However, this will only happen if many previous psychological barriers are broken.
Furthermore, with the advancements and upgrades on the Cartesi ecosystem, the performance of Cartesi would rise, reaching $2 very soon. But, it might also reach $5 if the investors believe that Cartesi is a good investment in 2021.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.