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The Cat of Elon price has dipped 70% in the past 24 hours to trade for $0.0004493 as of 04:06 a.m. EST alongside a trading volume slump of almost 60%.
It comes on the back of a broader market bloodbath, but some still say ELONCAT could go parabolic once the market recovers.
The token that's going to surge after this market correction will be #ELONCAT@CatOfELONSol contract is renounced, LP burned, 0/0% tax! So 100% SAFU!
Undervalued at the $900K+ it's sitting at right now, so it's good entry! Trading is bot coming!
Chart: https://t.co/U2DYBWWXhl pic.twitter.com/gfddrDSDVA
— ATHena (@ATHena_DeFi) April 30, 2024
The dump also comes amid ongoing profit taking after the token launched on April 27.
Cat Of Elon Price Prediction
The Cat of Elon price is trading with a bearish inclination and all signs point to a continued downtrend for the short term. The ELONCAT price is trapped in the lower section of the market range, measured from $0.0003354 to $0.003166.
With the Relative Strength Index (RSI) nose-diving, buyer momentum is falling, worsened by the red histograms of the Awesome Oscillator (AO). This suggests a further downtrend for the Elon Musk-inspired token.
TradingView: ELONCAT/USDT 12-hour chart
However, a closer look shows that the bulls are trying to defend against a further downside. This is seen with the deviation of the RSI. If history rhymes, the RSI could pull back as it did on April 12, seeing as it has never gone below the current level. Its position near the 30 threshold also shows that ELONCAT token is oversold, suggesting markets could be due for a correction soon.
While a recovery would be welcomed, a flip of the 50% Fibonacci placeholder into support at $0.001751 would not be enough. For the bearish thesis to be invalidated, the bulls must manage a decisive candlestick close above the $0.003000 psychological level. Such a close on the 12-hour time frame would encourage more buy orders, sending the Cat of Elon price further north.
Elsewhere, new AI meme coin WienerAI is charging towards $1 million in its presale, with YouTuber Crypto Boy saying it has the potential to 100x after launch.
Promising Alternative To Cat Of Elon
WAI is the ticker for the WienerAI project, described by its team as a ”lovable, hilarious, and undeniably unique creation.”
The project is committed to becoming the best and most powerful AI companion ever, and ”nothing will be able to put it on a leash,”.
Don't keep your dog on a leash.
LET IT FLY 🚀 pic.twitter.com/ofLP1CxPxT
— WienerAI (@WienerDogAI) April 28, 2024
WienerAI Launches The Most Advanced Crypto Trading Bot Ever
WienerAI operates as an ERC-20 token on the Ethereum blockchain, offering users seamless compatibility with a wide range of decentralized applications and exchanges.
It’s also created what it claims is the most advanced and beginner-friendly crypto trading bot ever. It has predictive technology, a simple yet comprehensive interface, and endless functionality. WienerAI’s goal is to help put crypto traders ahead of the game by giving them advantages over other traders.
“Simply ask the bot a question related to your crypto investment needs, and WienerAI will use its predictive technology to scour the markets in search of a winner,” says its website. “Once a winner is found matching your queries, WienerAI delivers unbiased analysis and reasoning.”
⚖️ South Korean committee probes Worldcoin for biometric data collection due to privacy violations.
🌐 Despite the controversy, Worldcoin attracts over 3.9M sign-ups.#privacy #cryptonews pic.twitter.com/HfLqEL8AMd
— BlockchainIST News (@blockchainistn) March 4, 2024
WAI token holders can also stake their holdings for lucrative rewards, with an annual return of 1,252% right now. More than 826 million WAI tokens are already staked.
Buy WAI In The Presale
WienerAI has already raised almost $700k in less than two weeks, and is currently selling for only $0.000702. But that price will only last for less than 23 hours, so buy now if you are interested.
Visit and buy WAI tokens here.
Also Read:
- WienerAI Brings Novel Twist to Crowded Meme Coin Sector With Hotdog-Canine-AI Hybrid
- AI Meme Coin WienerAI Laps Up $350,000 In New ICO
- WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond
- How to Buy WienerAI – $WAI Presale Review
- Best AI Crypto Coin Projects: Top Picks for 2023
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
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