Cortex (CTXC), one of the artificial intelligence projects, has increased by more than 35 percent in the last 24 hours.
The crypto market fell at noon on November 17. Many altcoins have pulled back to support points, dropping between 5 and 10 percent. CTXC’s price stability attracted attention in this retreat in the crypto market.
CTXC is up 37 percent since 16:00 on November 16. CTX price increased from $0.1485 to $0.2090 in the last 24 hours. CTXC, which retreated with the market decline, was 0.1861 as of news writing time.
Can Cortex (CTXC) continue its rise?
The popular artificial intelligence project Cortex (CTXC) became one of the most rising crypto currencies of the day with a 35 percent increase during the day. Although CTXC was affected by the recent market decline, it is still up 10 percent on the day.
The Cortex project came to the fore with its artificial intelligence initiatives. CTXC, which is also included in major crypto exchanges such as Binance, HTX and OKX, reached a market volume of $ 41 million in the last 24 hours. The volume increase was at the level of 500 percent. CTXC increased its market value by 40 million dollars with the increase it experienced during the day.
Looking at the CTXC chart, it can be seen that the price is trying to persist above the $0.1862 resistance. If the price exceeds this zone, it may continue its rise. If there is a rally, CTXC price could test the $0.2452 resistance. In this case, revivals may also be seen in artificial intelligence projects. If CTXC breaks the $0.2452 resistance, its next target will be $0.2977. If it comes to this region, there will be a 60 percent increase in the market value of the project. With this increase, CTX’s market value may reach $70 million.
On the other hand, CTXC may continue its decline due to market conditions turning negative. If buyers become nervous or abandon the CTXC board, this could exacerbate the price decline. In this case, CTXC may not be able to hold on to $0.1862 and may retreat to $0.1461. If CTXC declines and the support zones remain weak, the price may rise to $0.1350 and $0.1177 in a short time.
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