Technical Analysis For CUDOS
According to Coingecko CUDOS currently stands at rank 580 (fluctuating) with a total market capitalization of around $52,677,066 with a max supply of 10 Billion and a circulating supply of 1,807,246,301 (1.80 Billion).
CUDOS Market Price All-Time Basic Technical Chart.
If we look at the above basic overview for all-time chat, we can see that CUDOS is sustaining around $0.025 from the end of May 2021 to the till date. Here, we can say that the CUDOS has very strong support close to $0.025 due to which it has held its price at this level for a long time. Bottom out may be possible at this level and CUDOS price may rise further in the coming sessions.
CUDOS Market Capital All-Time Basic Technical Chart.
The technical chart for CUDOS Market capital is looking interesting, the market capitalization in CUDOS is consistently rising. From the end of May 2021 to the till date we can see market capitalization in CUDOS is rising and the price is sustained around $0.025 which is a good sign and reason for price may rise in the next coming sessions.
1-Day Candle Chart with Support & Resistance Level.
In the above 1-day candle chart, if you look at the CUDOS price by Support and Resistance Point of view then we can see how the price swings in between the Support and Resistance Levels from the mid of May 2021 to the till date. This will be the best level to enter into the market as we have seen above that the market capitalization in CUDOS is consistently rising. Once the price gives the breakout to this Resistance level which is around $0.040-$0.045 and continues to $0.050 then it will be unstoppable till $0.1.
1-Day Candle Chart with SuperTrend Indicator.
SuperTrend Indicator helps to find the market trend. If we look at the CUDOS price with SuperTrend Indicator then we can see the indicator has already indicated Buy signal which means the possibility of price rises in the coming session. The Support level as per SuperTrend Indicator is now at around $0.022 however the buy signal has already been given.
1-Day Candle Chart with Bollinger Bands Indicator.
Bollinger Bands Indicator helps to identify the overbought and oversold zones, in simple words the upper line indicates the overbought level and the lower line indicates the oversold level. If we look at July 2021 so we can see that the CUDOS price with Bollinger Bands is showing very decent and steadily moves which is a good sign of strength in the CUDOS Price. The rectangle shows the price has been lifted and is currently around the middle band, here it may be possible to see the same rally that we have seen between mid of July 2021 to mid of August 2021. Slow and steady movement is always good in a market which removes unwanted noises and achieves the target. CUDOS Price looks positive in the future as per the Bollinger Bands Indicator.
1-Day Candle Chart with Support & Trend Line.
The Trend Line helps us to know in which direction the price is moving whether it is going down or up. If we look at the CUDOS price with Trend Line then it is clear to see and understand that the CUDOS price is steadily moving upside which is a bullish sign. The Support level is very close which is a good sign for bottom out too in the coming session.
CONCLUSION.
Through this article, we have seen CUDOS Price with the multiple Trading Indicators and its market price movement according to the Indicators. Overall all applied indicators are showing the Bullish pattern in the CUDOS Price. The current market price looks like the right time to BUY CUDOS because the Support level is not so far and the Bullish side seems open, also we have seen that the market capitalization is increasing continuously.
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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