- CTSI jumped 96% before retracing, showing how quickly crypto markets can shift momentum.
- Analysts point to $0.0600 and $0.0800 as key bounce zones for buyers to step in again.
- A break above $0.0871 could spark renewed bullish momentum and drive prices higher.
Cartesi’s token $CTSI is moving through a critical phase on Binance, where traders watch closely for momentum shifts. The asset has shown strong swings between April and September, producing both rapid gains and sharp corrections.
Analyst Crypto Patel and Erik have highlighted different technical points, giving traders a view of the market direction. Consequently, understanding these signals has become essential as $CTSI consolidates after explosive rallies.
Bullish Breakouts and Liquidity Sweeps
Crypto Patel noted that $CTSI respected a key daily order block while flipping market structure. Price swept liquidity targets at $0.0800 and $0.0871 before surging to $0.1213. This move delivered a 96% gain from Patel’s entry point.
Source: Crypto Patel
In addition, the July breakout pushed the token from $0.0600 to $0.0800. Furthermore, August provided additional impetus as prices surged above $0.1000, resulting in a one-month gain of more than 25%.
However, September trading brought mild consolidation as prices pulled back toward $0.0833. The token now sits slightly below recent highs, reflecting a 2.34% dip. Additionally, the chart shows a key BSL resistance near $0.0871, which remains an important barrier. Consequently, any strong move above this level could reignite bullish momentum.
Erik Highlights Key Retracement Zones
Erik presented a different perspective, pointing to a steep retracement after $CTSI doubled in value earlier this year. According to him, the price dropped 35% before bouncing inside his “blue box” support zone. Hence, he re-entered long positions after confirmation signals appeared at lower levels.
Source: Erik
Furthermore, Erik emphasized that the token reached equal highs near $0.1200 in March before rejection triggered selling pressure. Prices eventually tested around $0.0450 during April. Later, a range between $0.0500 and $0.0700 dominated May and June. Buyers defended lower levels, while resistance capped upside attempts.
July reversed sentiment as $CTSI broke $0.0700 resistance and climbed toward $0.0800. Besides, August again marked a dramatic rally above $0.1000 before a sharp rejection. Consequently, traders now monitor bounce zones near $0.0600 and $0.0800 for renewed demand.
