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The Simon’s Cat price dropped 14% in the last 24 hours to trade at $0.00002416 as of 06:00 a.m. EST on trading volume that dropped 6% to $100 million.
Simon’s Cat Price Aims For A Continued Surge
Since its launch, Simon’s Cat has been on an uptrend, trading within a rising channel pattern, according to data from GeckoTerminal. CAT’s price aims for a continued rally, as the token now recover to back above the lower boundary of the rising channel.
The Relative Strength Index (RSI) is currently on a rebound from the 50-midline level, as it hurtles towards the overbought region. The soaring RSI is an indication that CAT is backed by intense buying pressure.
As the RSI rebounds, the buying pressure may intensify, which could in turn exert pressure on the price of Simon’s Cat. In this scenario, CAT might soar above the rising channel to target $0.0000350.
However, if the bears take control here, the price of Simon’s Cat could retrace to the support level at $0.000017, which is acting as a cushion against downward pressure.
Meanwhile, as the Simon’s Cat price looks to rise, investors are pivoting to the new dog-themed meme coin Shiba Shootout (SHIBASHOOT).
Popular YouTube channel 99Bitcoins, with over 706K subscribers, recently highlighted Shiba Shootout. An analyst from the channel urged Shiba Inu holders to keep an eye on the meme coin as it might be the next big thing.
Shiba Shootout Soars Past $1 Million – Best Crypto To Buy?
Shiba Shootout isn’t cooling its peacemaker barrel anytime soon, as its presale hits the bullseye with $1 million raised and closes in on the $1.7 million mark.
The project stands out in the crowded meme coin market by offering a unique blend of creativity, strategy, and a play-to-earn (P2E) gaming.
Set in the fictional town of Shiba Gulch, players can earn SHIBASHOOT tokens by participating in cowboy duels, adding an engaging layer of interaction to the crypto space.
In addition to its gaming appeal, Shiba Shootout features a lucrative staking system offering an impressive 897% annual yield.
Introducing #CactusStaking! 🌟🌵
Stake your #ShibaShootout tokens on a digital cactus and watch your rewards grow! 🚀🌸 pic.twitter.com/Z8OXUJSb5D
— shibashootout (@shibashootout) August 6, 2024
With over $1 million already raised through its presale, tokens can be bought for $0.02 each. With a price increase imminent, now is the time to secure your stake in this promising project before its next price adjustment.
Purchase SHIBASHOOT on the official website using ETH, BNB, USDT, or a bank card.
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