Contentos Price Prediction: Sideways Market coming to an End
Contentos prices have traded sideways for the past five days. However, in today’s trading session, the cryptocurrency prices look poised to erase yesterday’s losses and set new weekly price highs.
The company’s innovativeness has fueled Contentos recent growth to address modern challenges that digital artists and content creators experience on a daily basis. In recent times, the platform has been able to make major changes in their platform. This has included taking COS.TV and COS.SPACE live.
They have also been involved in increasing their users’ participation through social media, which has included interacting with their clients on discord. However, even with recent milestones for the plaform, the cryptocurrency has struggled in the markets in the past few weeks. In the month of April, Contentos has dropped by more than 30 per cent.
The cryptocurrency has also been in a strong bearish move in the entire month of April. Recent data about its trading volume also paints a picture of a struggling cryptocurrency. In the last 24 hours, Contentos has lost over 30 per cent in trading volume. Its total trading volume is also small compared to other cryptocurrencies, meaning such a drop mostly has an impact on the markets.
ContentOS Price Prediction
Today’s trading session is showing signs of a bullish move, which will likely set new weekly highs. However, even with the surge in the price of Contentos, the chart below shows that the current bullish trend may be a continuation of the current sideways market.
Therefore, my Contentos price prediction expects the cryptocurrency prices to continue rising in today’s trading session. However, there is a high likelihood that the prices will correct in the coming days, with tomorrow’s session likely to be bearish. However, if the prices start a trend, it will likely be bearish due to the recent fundamentals such as the low trading volume of Contentos that are hindering price rise. As a result, there is a possibility that a bearish move could see the prices hitting the $0.0123 support level.