<strong><em>The bullish reversal in CTSI prices surpasses the 50-day SMA and increases the likelihood of a price jump above the resistance zone below $0.30.</em></strong>

Key technical points:
<ul>
 	<li>The CTSI market price has increased 4.87% over the past 24 hours.</li>
 	<li>The price jump surpasses the 50-day SMA.</li>
 	<li>The 24-hour trading volume of Cartesi is $65.73 Million, indicating a hike of 137%.</li>
</ul>
<h2>Past Performance of CTSI</h2>
The CTSI prices crumble after the bullish failure to give a bullish breakout of the rounding bottom pattern with a neckline at $0.54. This failure led to a 70% downfall within six weeks of April and early May, resulting in a dip to the $0.17 mark. However, the buyers successfully capitalized on the halt in the selling spree and surpassed the 50-day SMA with a 35% jump in the last two weeks.

<img src="https://s3.tradingview.com/snapshots/a/AhTZlLVr.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/AhTZlLVr/" target="_blank" rel="noopener">Tradingview</a>
<h2>CTSI Technical Analysis</h2>
The double bottom reversal pushes the CTSI prices higher with an increase in buying pressure evident by the growth in trading volume. Hence, the traders can find the buying spree continuing to reach $0.30. The crucial Simple Moving Averages: 50(red), 100(orange), and 200(black)-days maintains a bearish alignment. However, the 50-day SMA breakout increases the chances of a price jump to the 100-day SMA close to $0.30.

The MACD and signal lines display an uptrend with an increasing bullish spread crossing above the zero line with a rising trend in the bullish histograms. Hence, as the bullish momentum increases, the MACD indicator gives a strong buying signal.  The RSI indicator indicates an unrelenting uptrend striving to reach the overbought boundary line. Moreover, the parabolic recovery in the 14-day SMA increases the chances of a bullish extension. In short, the CTSI <a href="https://www.cryptoknowmics.com/news/twt-technical-analysis-trend-weakens-as-consolidation-range-grows/">technical analysis</a> shows a bullish bias the positive sentiment for the altcoin improves over the week.
<h2>Upcoming Trend</h2>
The ongoing uptrend in CTSI prices shows no reversal signal, meaning traders can find buying opportunities with a target of $0.30.

<b>Resistance Levels:</b> $0.28 and $0.30

<b>Support Levels:</b> $0.20 and $0.17

&nbsp;

CTSI Technical Analysis: Reversal Rally Ready To Challenge 100-day SMA

CTSI technical analysis shows a bullish reversal in CTSI prices surpassing the 50-day SMA and increases the likelihood of a price jump.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

CTSI Technical Analysis: Reversal Rally Ready To Challenge 100-day SMA

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