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The Catizen price climbed 3% in the last 24 hours to trade at $0.7998 as of 01:01 a.m. EST on trading volume that surged 15% to $366 million.
While the Catizen price has been on a downward trajectory since its launch, it recently broke from a descending resistance trend line, which paved the way for the possibility that it will recover and reach new highs.
The Telegram tap-to-earn game was launched on Sep. 20 and has already ranked among the top cryptocurrencies with a market capitalization of $241 million.
🔥@cryptonews : Catizen Emerges as GameFi Leader with Rapid User Growth🔥
💎 TON Blockchain is rapidly adopting GameFi and Tap-to-Earn models, with Catizen leading the charge. Millions of users are flocking to Catizen, making TON one of the fastest-growing blockchains in 2024.… pic.twitter.com/mqGO8zkQ8y
— Catizen (@CatizenAI) September 23, 2024
Catizen Price Could Sustain Its Bullish Trend Reversal
The Catizen price has been on a sustained bearish trend after its launch, trading within the falling wedge pattern. However, data from GeckoTerminal shows that the bulls may have found some support around $0.73, allowing the bulls to push the price of Catizen toward the upper boundary of the wedge.
CATI now trades above the 50-day Simple Moving Average (SMA), a confirmation of the continued upward pressure from the bulls.
Meanwhile, the Relative Strength Index (RSI) is rebounding from below the 50-midline level, currently at 50, showing that the bulls may be staging a possible trend reversal as they buy more.
The bullish stance is also prompted by the Moving Average Convergence Divergence (MACD), as it now soars above the neutral line. The blue MACD line has also crossed above the orange signal line, a representation of a bullish crossover.
Catizen Price Prediction
According to the CATI/USD analysis on the 1-hour timeframe, the Catizen price seems to be on a bullish trend reversal, currently on the upper boundary of the wedge. The RSI and MACD show that the token is on a positive trajectory.
If this trend continues, the Catizen price could soar even further, as the bulls currently target $1.15.
Conversely, if the market turns bearish at this level, the Catizen price could plunge back to the $0.65 support zone.
Meanwhile, investors are rushing to buy the new meme coin Crypto All-Stars (STARS), which YouTuber Jacob Bury says has the potential to soar 10X after launch.
The Crypto All-Stars Presale Raises Over $1.5 Million – Best Meme Coin To Buy Now?
Crypto All-Stars reached another significant presale milestone over the weekend, achieving a total of over $1.55 million in funding.
A brand-new player in the meme coin space, Crypto All-Stars just launched within the past 24 hours, and it’s already making waves! 🌊
Here’s why you should pay attention. 🧵👇
— web3telepath (@web3telepath) August 15, 2024
Crypto All-Stars’ main feature is the “MemeVault,” which allows investors to stake various popular meme coins in one place. Gone are the days of managing multiple wallets.
With MemeVault, coins like DOGE, SHIB, PEPE, and TURBO can be staked on single platform to earn passive income in STARS.
Other meme coins that can be staked include Floki Inu, Brett, Mog Coin, Milady Meme Coin, Toshi, Coq Inu, and Bonk.
Apart from staking other meme coins, you can also buy and stake your $STARS tokens, which offer an astonishing annual percentage yield (APY) of 954%.
You can buy $STARS tokens for $0.0014593 each. With a price increase coming in a little more than a day, you should act fast to get the meme coin at the best possible price.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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