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The Simon’s Cat price surged 8% in the last 24 hours to trade at $0.00003076 as of 07:23 a.m. EST on trading volume that dropped 6% to $100 million, according to CoinGecko.
Simon’s Cat Price Gearing Up Towards A Bullish Trend Reversal
The Simon’s Cat price went through a markup phase from October 20, as the bulls capitalized on the $0.00002318 support level to propel the token. However, CAT experienced some resistance around $0.00004464, which allowed the price of Simon’s Cat to plunge, forming a rounding top pattern.
The Simon Cat price now seems to have invalidated the rounding top pattern, with CAT rebounding from the $0.00002688 support level.
CAT still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), as the trend coincides with the recent price retrace. The 200-day SMA now acts as the next immediate resistance at $0.000033019.
Furthermore, the Relative Strength Index (RSI) seems to be rebounding from the current neutral zone at 44, a confirmation of the likely bullish trend reversal.
If the bulls successfully stage a bullish reversal, the Simon Cat price could surge, with the next possible target at $0.000045.
CATUSDT Chart Analysis (Source: Tradingview)
However, with the fair value gap (FVG) forming around $0.000025, there could be a price correction in the short term, with the $0.000025 on the FVG acting as the next possible support level.
Meanwhile, as the Simon’s Cat price soars, investors are also piling into a new meme coin called Pepe Unchained (PEPU), which ClayBro, a prominent crypto analyst on YouTube with over 130k subscribers, says could soar 20X after launch.
Pepe Unchained Presale Surges Past $24 Million – Best Crypto To Buy Now?
Pepe Unchained (PEPU) is a new cryptocurrency token inspired by the popular PEPE meme coin but designed to address some of the limitations associated with tokens on the Ethereum blockchain.
Specifically, Pepe Unchained aims to overcome issues like network congestion, slow transaction speeds, and high gas fees, which often hinder Layer 1 Ethereum-based tokens. The project will bring greater scalability, efficiency, speed, and lower costs.
Pepe Unchained — Groundbreaking Layer 2 Blockchain technology.
Welcome to the future of meme coins. 🐸 pic.twitter.com/iC9b6YSynT
— Pepe Unchained (@pepe_unchained) September 6, 2024
As its name suggests, Pepe Unchained is based on PEPE devising a plan to break free from his chains and embrace the future with Pepe Unchained.
The project is also enhancing its visibility and functionality by introducing various features within the Pepe Unchained ecosystem, including a decentralized exchange, and bridging capabilities.
Pepe Unchained L2 Sneak Peek!
What we're building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder GrantsPepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
Investors continue to pile into the project, which has just rocketed past $24 million in its blockbuster presale, one of the most successful of all time.
Another key reason for the FOMO frenzy around the meme coin is its annual staking yield, which stands at a dazzling 98%.
You can buy $PEPU tokens for $0.01199 each. With a price hike coming in a little more than 13 hours, 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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