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The Simon’s Cat price surged 23% in the last 24 hours to trade at $0.00003352 as of 00:18 a.m. EST on trading volume that skyrocketed 137% to $180.7 million.
Simon’s Cat Price Could Continue Soaring
The Simon’s Cat price has been on a downtrend since the end of October, as the bears took control of the price within the $0.0000450 resistance. However, the price has found formidable support around $0.0000250, which allowed CAT to form a rounding bottom pattern, according to data from GeckoTerminal.
The follow-through came as the bulls seem to be capitalizing on the pattern to push the asset up. The price of Simon’s Cat now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), cementing the general bullish prospects.
Furthermore, the Relative Strength Index (RSI) is currently at 70.64, near the overbought threshold (typically 70 on the RSI scale). This suggests that buying pressure is currently high and that the price may face resistance or a potential pullback soon. However, a sustained RSI above 70 in a strong uptrend can indicate momentum, though it’s often wise to watch for potential cooling off or correction in overbought conditions.
The MACD indicator is showing positive momentum, with the MACD line (blue) above the Signal line (orange). This crossover happened recently, which is a bullish signal. Additionally, the MACD histogram bars are in positive territory and appear to be increasing in height, indicating growing bullish momentum. This further supports the idea of upward momentum in the short term.
Simon’s Cat Price Prediction
The CAT/USD chart analysis on the 4-hour timeframe shows that the Simon’s Cat is on a sustained bullish trend, as the bulls capitalize on the rounding bottom pattern. If this momentum sustains, fueled by the MACD and RSI, CAT could soar, as the bulls target the next possible resistance level at $0.000040.
Conversely, if the Simon’s Cat price drops, with the RSI now overvalued, the $0.000025 level could still be a key zone, providing a cushion against downward pressure.
As the Simon’s Cat price soars, investors are also buying newly launched meme coin Flockerz (FLOCK), which 99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says has the potential to soar 100X after launch.
Flockerz Raises Over $1.2 Million – Best Crypto To Buy Now?
Flockerz has raised $1.2 million in its ICO as it continues its mission to put the power back in the hands of the crypto community via its vote-to-earn (V2E) model.
The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, which ensures that community members who vote on key decisions are rewarded with FLOCK tokens.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, which offers an eye-popping annual yield of 1,306%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.0059571 each using BNB, ETH, or USDT. You can also make a purchase using your bank card.
Buy before a price hike in about two days to secure the best deal.
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