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The Catizen price has surged 7% since since its launch two days ago even after falling 2% in the last 24 hours to trade at $0.8778 as of 10:53 p.m. EST on trading volume that plunged 53% to $432 million.
This comes after the Telegram-based-tap-to-earn game launched and airdropped 150 million tokens to users, which was a part of the game’s Season 1 token distribution.
Trading on The Open Network (TON), CATI went live on September 20, 6:00 a.m. EST.
Catizen Price Prediction: CATI Aims For A Breakout
Just after its launch, the Catizen price soared through a markup phase to as high as $1.09, before going through a correction.
The Catizen price is now trading within the symmetrical triangle, as the bulls aim for a breakout, according to the CATI/USDT chart on the 1-hour timeframe.
A bullish stance at this level could allow the bulls to prompt a breakout above the upper boundary, which could push the price of Catizen towards the next target at $1.10.
Meanwhile, the Relative Strength Index (RSI) is falling below the neutral zone towards the 30-oversold level, currently at 41.
This may be an indication that the price of Catizen is currently under intense selling pressure.
CATIUSDT Chart Analysis (Source: Tradingview)
If the selling continues, the Catizen price could plunge below the lower boundary of the symmetrical triangle to fall toward the $0.70 support zone.
As the Catizen price bulls search for more buying signals, other investors are turning to a new Pepe alternative called Pepe Unchained (PEPU), which has raised over $14.5 million in one of the most successful presales of the year.
99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, says PEPU has the potential to be a 100X gem after launch.
Pepe Unchained Raises Over $14.5 Million In Presale
Pepe Unchained has raised over $14.5 million in presale funds as its goal of becoming the next PEPE coin gets off to a roaring start.
The project is set to be the superior alternative to $PEPE, promising lower transaction costs and faster speeds for Pepe ownership. Its new proprietary blockchain will also serve as the launchpad for future meme coins and other tokens, leveraging the same cost-efficient transactions as $PEPU.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 144%.
You can buy $PEPU tokens currently for $0.00983 each. With a price hike coming in a little more than 1 day, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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