Technical Analysis For CUDOS
According to Coingecko CUDOS currently stands at rank 524 (fluctuating) with a total market capitalization of around $34,497,446 with a max supply of 10 Billion and a current circulating supply of 3,105,974,818.
CUDOS Market Price All-Time Basic Technical Chart.
With the current downtrend of the entire Crypto Market, the CUDOS price movement is also looking to move at the downside. But, no huge fluctuation was seen in the CUDOS price, a decent movement, compared with the other coins the price of CUDOS is seen moving slowly. In this situation, CUDOS can allow us to achieve a small target, but it is up to us how long we can stay with our investment.
CUDOS Market Capital All-Time Basic Technical Chart.
The volume of total Market capital in CUDOS did not look good and it seems due to the current downturn of the Crypto market, many have booked the profit and sold the position. Obviously, this will be temporary and we may see an increase in Market Capital in CUDOS in the coming days and that will boost the price of CUDOS.
1-Day Candle Chart with Trend Line.
CUDOS Price Chart with a Trend Line, we can see the price continues down after smalls pick points. As per the current graphical view, we can say there is an opportunity in short term. As per the Trend Lines, the current price of the CUDOS is close to the down line and seems to be ready to touch the upper line, here we can go for a short-term target which we can clearly see at around $0.02. When the CUDOS price breaks the upper line and closes above it, then we may see big movement at the upside.
1-Day Candle Chart with Pivots Points.
CUDOS Price Chart with a Pivot Points, as per the CUDOS price till last month the price bounced back from the first Support Level to Pivot Level, this month the CUDOS make small Support at the Second Pivot Support Level as we can see from the same level its bounced small and come back at the same level now.
This month is about to end, here we can see a good time for the short term, comparing Pivot first Support to the Pivot Level we can get a good target from second Support to the Pivot Level.
1-Day Candle Chart with Bollinger Bands.
CUDOS Price Chart with Pivot Points, in this we can see the upper band and the lower band are coming close which is one kind of indication of a big movement. The crypto market is already in a dip so upper movement can be expected. Today’s candle is above the middle band, and also small support is made at the same level. For the safe side, we can wait here to see if somehow the price is down and touches the lower band, then we can enter and get a good target for the short term since the Crypto market is already in dip then we can also hold more for a long time.
CONCLUSION.
As per the current situation, the entire Crypto market is in a downtrend and so much dip, the upper movement can be expected at any time. The CUDOS is now undervalued so this can be a good time to make a healthy portfolio. Through this article, we see where are the possibilities in CUDOS price to get small levels targets, also we can go for a long hold as the Crypto market is in dip and expect to pump anytime, also it is expected that the Market capital may increase which will further boost CUDOS price.
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.
