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The Simon’s Cat price has skyrocketed 50% in the last 24 hours to trade at $0.00003626 as of 3:10 a.m. EST, fueled by a 1,004% pump in trading volume to $443 million.
The increase in price comes after Simon’s Cat was listed on Binance Futures, making it the first cat-themed meme coin to debut on the platform.
It’s official: $CAT from @SimonsCatMeme is the first cat-themed meme to hit Binance Futures. Looks like BNB meme season is back in action pic.twitter.com/CU9fjVT8gH
— IBCIG (@ibcig) October 21, 2024
Starting today, Binance traders can now trade the 1000CATUSDT pair with up to 75x leverage. The exchange highlighted that this offering will enable traders to use the multi-assets mode, allowing them to use various digital assets, including Bitcoin (BTC), as collateral for margin.
Simon’s Cat Price Continues The Uptrend Soars In A Parabolic Curve
Simon’s Cat Price action shows a strong bullish breakout on the 4-hour chart, with the price currently at $0.00003675, reflecting a 6.11% decline in this session. The asset found solid support around the $0.00002200 to $0.00002400 range, where it consolidated for an extended period before launching into a parabolic upward move.
This sharp increase is a result of buyers stepping in after the price crossed both the 50-period SMA at $0.00002726 and the 200-period SMA at $0.00003209. These moving averages signal a transition into a bullish trend, with the price comfortably trading above both.
CATUSD Analysis Source: Dextools.io
The MACD indicator shows a bullish crossover, with the MACD line (0.00000298) sharply rising above the signal line (0.00000144), indicating increasing upward momentum.
Simon’s Cat Price May Face Short-Term Consolidation
Meanwhile, the RSI is at 69.29, nearing the overbought zone (above 70), suggesting that the Simon’s Cat price may face short-term consolidation or a minor correction soon as it approaches an overbought condition.
Despite the strong upward momentum, the immediate resistance is around the recent high of $0.00004000. If the price breaks above this level, the next key resistance could be around $0.00005000.
While the parabolic price movement suggests aggressive buying, traders should be cautious of potential corrections given the nearing overbought conditions indicated by the RSI. Overall, the market shows strong bullish momentum, but a pullback or consolidation might be expected in the short term.
Pepe Unchained Blasts Past $21.5 Million: Best Crypto To Buy Now?
The bullishness powering Simon’s Cat price is more than matched by that behind the new PEPE derivative Pepe Unchained (PEPU), which has already crashed past $21.5 million in one of the biggest presales this year.
An analyst from the 99Bitcoins YouTube channel, which has a huge following of over 706k subscribers, says that PEPU could potentially surge by 100X once it officially launches.
PEPU is designed to take the OG meme coin PEPE into the modern era and that’s why it comes with its own Layer 2 blockchain.
That network will boost speeds by up to 100 times compared to PEPE’s clunky Ethereum network, while also slashing gas fees.
Even though it’s faster and cheaper, it’s fully compatible with Ethereum’s dApps and services. So, users get all the speed benefits without losing access to Ethereum’s ecosystem.
The plan is also to open up the Layer 2 blockchain to the rest of the meme coin space, creating a scalable framework that could bring the fun and lighthearted side of crypto into a whole new era.
PEPU Developer Grants – A Game Changer
The PEPU team has launched a developer grant program called “Frens with Benefits” that aims to incentivize developers to grow Pepe Unchained’s ecosystem.
Pepe keeps on BUILDING!
$21M raised. Momentum increasing! 🐸🐸🐸 pic.twitter.com/3c8pvDEsvU
— Pepe Unchained (@pepe_unchained) October 20, 2024
PEPU offers an annual staking yield of 105% and already over 1.5 billion PEPE tokens have been staked.
PEPU is currently priced at $0.0115, and it can be purchased using ETH, USDT, BNB, or even bank cards. A price increase is coming in slightly less than 1 day so buy soon if you are interested.
Buy PEPU tokens on the official website here.
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