Latest Technical Analysis For CUDOS

According to Coingecko CUDOS currently stands at rank 484 (fluctuating) with a total market capitalization of around $36,461,948 with a max supply of 10 Billion and a current circulating supply of 3,149,834,648.

CUDOS Market Price All-Time Basic Technical Chart.

According to the basic chart of CUDOS market price, it looks like a minor support level was recently created. However, looking at the history the price is currently in a downtrend.

As per the Coingecko the CUDOS fall under the Ethereum Ecosystem category. If we look at the entire Ethereum Ecosystem Coins, then we can find that the most significant coins are in a positive movement over the last 7 days.

Currently, the CUDOS price over the last 7 days shows +42.6%. The crypto market was looking flat in the last few trading sessions but a majority of coins have gained a lot, it looks like somewhere the crypto is now trying to pump.

CUDOS Market Capital All-Time Basic Technical Chart.

The Market Capital of CUDOS has looked like it bounced from the same previous level which means it has taken the Support from the same previous level.

In July 2021 the CUDOS Market capital started moving up, now June 2022 is about to end and July 2022 will start in the next few days. If history repeats then we may see that the CUDOS Market capital will start raising soon, but obviously this will also pump the CUDOS price.

1-Day Candle Chart with 50-Days Moving Average.

As per the 50-Days Moving Average, we can see that the CUDOS price did not sustain above, whenever it tried to cross the 50-Days Moving Average, and then the next fall started. However, from May 2022 to now we can see the price was almost flat.

Now the price touches the 50-Days Moving Average. The Circle is drawn which is now the important movement. If the price crosses to the 50-Days Moving Average and sustains then we are good to go for a long hold as we have also seen above that the Market capital is also taking the support.

On the other hand, as mentioned whenever CUDOS price tried to cross the 50-Days Moving Average, and then the next fall started hence we need to note this while going for a long hold, for the safe side we can set the same level for the Stop-Loss.

1-Day Candle Chart with Pivots Points.

In the Pivot Points chart also we can see that the CUDOS price was almost flat from mid of May 2022 to till now. As we have noticed earlier also that as per the Pivot Points chart the CUDOS price is bouncing from the 1st Support Level, in the current situation we can see similar behavior, the CUDOS price was already touched to the 1st Support and is now close to the Pivot level.

If the CUDOS price crosses the Pivot level and sustains above then we can expect the bullish movement or it is maybe also possible that the price will remain flat and move only between the range for the next few trading sessions. For the safe side, we can set the 1st Support level for the Stop-Loss.

1-Day Candle Chart with RSI.

As per the RSI, the CUDOS price has started to move up as the trend line is showing the same. It looks like the CUDOS price will reach the same level again shown by the horizontal line.

If the RSI price level breaks the RSI upper line then the up movement can be expected at the CUDOS price. For the safe side, we can set the Stop-Loss where the RSI price starts moving down the trend line, then re-enter when the RSI price bounces from the RSI lower line.

CONCLUSION

In this article, we have seen the possible levels of the CUDOS price where up movement is expected. The CUDOS Market Capital is around its last year’s Support Level and it may be possible that the history can repeat. Since the current price movement is within the range/flat hence it may continue in the same way for the next few trading sessions but we have seen in what condition the revert movement can be possible.

This article is just for an educational purpose and not for investment suggestions. Please do your own study and research before any investment.

About Cudos

The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network designed to ensure decentralized, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.

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