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The Simon’s Cat price surged 37% in the last 24 hours to trade at $0.00002661 as of 12:30 a.m. EST on a 12% drop in trading volume to $122 million.
This surge in price followed the token’s launch on the Bitmart crypto exchange on Aug. 22. Additionally, it went live on several major exchanges, including KuCoin, Gate, MEXC, BingX, and Pancakeswap.
Traders can also trade $CATUSDT-M Perpetual contracts on KuCoin Futures with up to 8x leverage.
Simon’s Cat Price Breaks Above The Bullish Pennant
The CAT/USD trading pair chart on a 1-hour timeframe shows a strong bullish trend, supported by several key technical indicators. The price recently broke above the 50 Simple Moving Average (SMA), a signal often associated with the continuation of an uptrend.
The Relative Strength Index (RSI) is currently at 75.11, indicating that the asset is overbought. While this reflects strong buying pressure, it also raises the possibility of a short-term pullback due to the overextended condition.
The Moving Average Convergence Divergence (MACD) further supports the bullish outlook, with the MACD line positioned above the signal line while both lines are also above the neutral level line, indicating increasing positive momentum. The histogram bars are also increasing and turning green, supporting the overall bullish sentiment for the Simon’s Cat price.
CATUSD Analysis Source: Dextools.io
The meme coin’s price recently broke out above a short-term consolidation channel, which could lead to a strong move to the upside.
CAT’s recent price increase above the upper boundary of the consolidation channel confirms a breakout from the pattern, indicating that the previous uptrend is probably set to continue.
The CAT/USD price could continue to rise in the short term, potentially entering a price discovery phase to the upside. However, due to the overbought RSI, traders should be cautious of a possible pullback before the price resumes its upward trajectory.
Final Call To Buy Playdoge Now Before The Presale Ends
Meanwhile, as more traders flock to buy CAT, another Dogecoin by the name of PlayDoge (PLAY) continues to attract more investors in its presale, which has just stormed past $6.3 million in early funding.
With its modern take on a nostalgic gaming classic and strong appeal to meme coin enthusiasts, PlayDoge is well-positioned to rise through the ranks of the crypto world.
This momentum has analysts and crypto influencer ClayBro predicting that the token could deliver 10X returns for investors.
PlayDoge (PLAY) seeks to revive the excitement of the 90s by introducing a modern version of the classic Tamagotchi game, aiming to carve out a niche in the rapidly growing meme coin market.
In PlayDoge’s game, players can earn crypto rewards in the form of PLAY tokens by caring for their virtual companions.
🚨 Important Announcement 🚨
PlayDoge’s highly anticipated #Presale ends on Monday, August 26th at 10am UTC! ⏳
Buy $PLAY in final stages now! 💰
👉 https://t.co/JT0VEofqf2 pic.twitter.com/aWQCHxox0H— PlayDoge (@PlayDogeGame) August 16, 2024
Players can accumulate PLAY tokens by ensuring their pets receive enough love, food, and rest. The game is designed to be mobile-friendly, allowing players to monitor their digital pets constantly and maximize their earnings.
The project also offers a 72% APY, which may contribute to its strong early performance.
With less than three hours remaining until the presale ends, investors have limited time to purchase the token at a pre-market rate and take advantage of the high passive rewards.
To participate, use the buy widget on the project’s official website, and if desired, lock up your tokens on the staking page. PLAY is currently priced at $0.00531 and can be purchased using ETH, USDT, BNB, or a bank card.
Purchase PLAY here before its presale ends.
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