Technical Analysis For CUDOS.

According to Coingecko CUDOS currently stands at rank 491 (fluctuating) with a total market capitalization of around $68,874,963 with a max supply of 10 Billion and a current circulating supply of 2,912,051,239.

As per the basic chart of CUDOS price, we can notice that the price is strongly holding at its Support level and even in such bearish movement in the entire market, also current situation WAR between Russia and Ukraine, the CUDOS price is sustained at his Support Level. Around this Level, it is good to do a Systematic Investment Plan in CUDOS which means we can keep investing a small fixed amount on a monthly basis which will help to increase quantity, further for a good return.

The total market capitalization in CUDOS from the beginning keeps moving up and is still sustained at his good point. This is a really good sign to see the strong strength in CUDOS.

We have discussed this in the previous article in which it has been informed that it is possible that the price can go up from the level shown by the black arrow, later we can see the price went up. Now we can see another opportunity as the CUDOS price is back to its support level, this we can buy the price level which is around the same as its previous level. Hence looking at the previous movement the CUDOS price with this chart looks like an upcoming bullish movement again.

As per the Bollinger Bands, we can see that the CUDOS price was recently touched the lower band which is a sign of the end of the lower level and possible to go up now, then the price of CUDOS is sustained at the same level, the upper band and lower band both are opened which mean a big movement can be expected and as per the previous movement the upside movement seems to be possible.

The CUDOS price as per this indicator has also given us as per the expected movement in the previous trading session. The good point we can see here is that the CUDOS price is still moving around within a good range. Till the CUDOS price is moving between this range and below 0 levels, the existing investor and new has a good chance between this range to keep increasing the quantity with a small amount. As per the previous movements, a bullish trend can be expected in the next trading sessions.

CONCLUSION.

Through this article, we see that CUDOS market capitalization has good strength. The CUDOS price is moving decently and the majority of indicators show good potential in it.

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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