📈 Technical Analysis – CTK/USDT (1h Chart)
Current Price: $0.2746
24h Variation: +6.27%
24h High/Low: $0.2752 / $0.2512
🔍 Context Summary:
The CTK/USDT pair is in a strong upward trend in the short term, breaking important resistances with good volume. The movement suggests a valid technical breakout with buying strength.
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📊 Moving Averages:
• MA7: $0.2684
• MA25: $0.2614
• MA99: $0.2580
The price is above all moving averages, which are inclined upwards, especially MA7. This indicates bullish momentum with confirmation of strength.
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💡 RSI Indicators:
• RSI(6): 76.08 ⚠️ (Overbought zone)
• RSI(12): 68.94
• RSI(24): 62.38
RSI(6) indicates that the asset is in the overbought zone, which may bring corrections or consolidations in the short term, especially if it loses strength.
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🔊 Volume:
• Increasing volume in the last hours, with a relevant peak now.
• Clear confirmation of buying strength entry, sustaining the breakout.
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🧭 Technical Levels:
• Immediate resistance: $0.2752 (current peak – if broken, enters short-term price discovery)
• Supports:
• $0.2680 (MA7)
• $0.2614 (MA25)
• $0.2580 (MA99)
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✅ Conclusion and Strategy:
• Current trend: Strong Up
• Short-term bias: Bullish with possible light correction due to RSI
• Suggested strategy:
• Conservative entry: Re-entry on pullback in the range between $0.268–0.261 (MA7/MA25)
• Aggressive entry: On confirmed breakout above $0.2752, with a short stop below $0.268.
• Caution with high RSI: Possible lateral correction or light retracement before new impulse.
