Latest Technical Analysis of Cudos
According to Coingecko CUDOS currently stands at rank 471 (fluctuating) with a total market capitalization of around $94,529,497 with a max supply of 10 Billion and a circulating supply of 2,604,177,848.
CUDOS Market Price All-Time Basic Technical Chart.
In the previous article, we have seen that the CUDOS price was above the resistance level and our expected target was achieved, also the CUDOS price looks Bullish into the current cryptocurrency bearish market.
Now, if you look at the above basic chart, clearly see that the CUDOS price is back into the zone in which the price goes up and down. Looking at the price between Nov 21 and Dec 21, we can say that the next upside can be higher than previous as the price is still in the uptrend movement. It’s just a matter of time.
CUDOS Market Capital All-Time Basic Technical Chart.
The chart of CUDOS market capital looks, it is not affected by the current bearish cryptocurrency market, the capital of CUDOS is still increasing and now going to break the previous high point. We have to take this into consideration because it’s one of the big things in the current cryptocurrency situation.
1-Day Candle Chart with 200 Moving Average Level.
As we can see the price of CUDOS is trying herder and sustaining above near to the 200 Moving Average Line which is a bullish indication. It looks like once the Cryptocurrency market turns bullish the CUDOS will be one of the coins which will be on a higher high.
1-Day Candle Chart with Chaikin Money Flow (CMF) Indicator.
The Chaikin Money Flow value moves around 0 levels between 1 and -1. As per the technical theory when the value of Chaikin Money Flow is above 0 it is considered as bullish, according to this we can see that the CUDOS price is sustaining above 0 levels, so this indication is also giving us a bullish sign in a CUDOS price.
Investors can look at the current trend where value is touching 0 level and value can take reverse at the positive side means CUDOS price may go in uptrend in the next few coming trading sessions.
1-Day Candle Chart with Possible Support Levels.
If we talk about Support levels where it is possible to price come but then take reverse mode, so currently we can see there are two support levels we have. The first support level is at $0.030 which is close to the current CUDOS price and the second strong support is at around $0.024 which is also not so far from the current CUDOS price. Because of this, the Investor will be in a safe zone as there is no big risk as per the current CUDOS price.
Countdown Started For January 25, 2021
The CUDOS is excited to launch the mainnet on January 25, 2021. This mainnet will switch CUDOS from the Ethereum network to the own Cudos network blockchain. This will be a big thing as CUDOS is going on their own Blockchain Network. This thing will surely benefit the CUDOS development and their investors. See you on CUDOS Blockchain Network after January 25, 2021.
CONCLUSION
Through this article, we see that CUDOS market capitalization is still performing great even in the current cryptocurrency bearish market, also CUDOS prices look bullish using some important technical indicators.
Migration of CUDOS from Ethereum network to its own Blockchain Network will give a big boost. 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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