<strong><em>CTXC prices showcase a bearish reversal from the overhead resistance at the $0.15 mark threatening a fall to the $0.084 mark.</em></strong>

<strong>Key technical points:</strong>
<ul>
 	<li>The market price has increased 23.91% over the past 24 hours.</li>
 	<li>The 50-day SMA kickstarts the bearish reversal.</li>
 	<li>The 24-hour trading volume of Cortex is $63.5 Million, indicating a hike of 2400%.</li>
</ul>
<h2><strong>Past Performance of CTXC</strong></h2>
CTXC prices show a consolidation range between the $0.084 and $0.15 marks after a downfall in early May. The consolidation range shows a double bottom reversal from the $0.084 mark but fails to surpass the overhead resistance at $0.15.

<img src="https://s3.tradingview.com/snapshots/5/5EYitqJY.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/5EYitqJY/" target="_blank" rel="noopener">Tradingview</a>
<h2>CTXC Technical Analysis</h2>
CTXC prices showcase a bullish failure to break above the $0.15 mark despite the surge in trading volume. Hence, the traders hoping for a breakout rally must wait for a price action confirmation. The crucial SMAs – 50, 100, and 200-days maintain a bearish trend, with the 50-day SMA providing resistance to delay the breakout. Hence, the 50-day SMA breakout will provide an entry spot for buyers.

The <strong>RSI</strong> slope shows a bullish trend from the reversal at the oversold boundary, surpassing the 14-day SMA. However, the uptrend fails to surpass the halfway line resulting in a setback to the average line. The <strong>MACD indicator</strong> shows the fast and slow line struggling to give a bullish crossover to undermine the bearish alignment. Moreover, the diminishing negative histograms tease a potential bullish crossover. In a nutshell, the CTXC <a href="https://www.cryptoknowmics.com/news/augur-technical-analysis-rallies-30-bulls-set-sight-on-13/">technical analysis</a> displays the technical indicators supporting the breakout idea despite the 10% fall in the daily candle.
<h2>Upcoming Trend</h2>
CTXC prices will reach the bottom support level at $0.084 if the buyers fail to surpass the overhead resistance at $0.15. However, the range breakout will skyrocket the market value to the $0.20 mark.

<strong>Resistance Levels:</strong> $0.15 and $0.20

<strong>Support Levels:</strong> $0.10 and $0.084

CTXC Technical Analysis: Reversal Within Range Warns 30% Fall

CTXC Technical Analysis showcases a bearish reversal from the overhead resistance at the $0.15 mark threatening a fall to the $0.084 mark.

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.

CTXC Technical Analysis: Reversal Within Range Warns 30% Fall

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