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CTXC, OCEAN, GRT, price outlooks
CXTX traders should exercise caution as the token is already overbought, considering the Relative Strength Index (RSI) position above 70. Those looking to open new long positions should be overly cautious. Those with current open positions should consider leaving them open as the northbound inclination of the RSI shows momentum is still rising and Cortex price could record more gains.
With a strong presence of bulls in the GRT and OCEAN markets, evidenced by the position of the Moving Average Convergence Divergence (MACD) in positive territory, the odds favor the upside. This is also seen in the position of their respective RSI indicators above 50 but below 70. There is still more room to cover before either of the two AI crypto coins are considered overbought.
For Ocean Protocol, a looming death cross calls for caution. This is when a short-term moving average (50-day SMA in this case) crosses below a long-term MA (100-day SMA). Considering short-term indicators bear less weight the potential death cross hints at a possible short-term bear market incoming in the Ocean Protocol price. Traders should watch for high trading volumes to reinforce the indicator.
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