{"id":569981,"date":"2024-08-28T10:57:45","date_gmt":"2024-08-28T10:57:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=569981"},"modified":"2024-08-28T14:07:42","modified_gmt":"2024-08-28T14:07:42","slug":"simons-cat-price-prediction-cat-plummets-14-as-the-shibashoot-presale-rockets-towards-1-7-million-raised","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/simons-cat-price-prediction-cat-plummets-14-as-the-shibashoot-presale-rockets-towards-1-7-million-raised","title":{"rendered":"Simon’s Cat Price Prediction: CAT Plummets 14% As SHIBASHOOT Rockets Towards $1.7 Million"},"content":{"rendered":"

The Simon’s Cat price dropped 14% in the last 24 hours <\/span>to trade at $0.00002416<\/span><\/a> as of 06:00 a.m. EST on trading volume that dropped 6% to $100 million.<\/span><\/p>\n

Simon’s Cat Price Aims For A Continued Surge<\/h2>\n

Since its launch, Simon’s Cat<\/a> has been on an uptrend, trading within a rising channel pattern, according to data from <\/span>GeckoTerminal<\/span><\/a>. CAT’s price aims for a continued rally, as the token now recover to back above the lower boundary of the rising channel.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Simon's
CATUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

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.<\/span><\/p>\n

Meanwhile, as the Simon’s Cat<\/a> price looks to rise, investors are pivoting to the new dog-themed meme coin <\/span>Shiba Shootout (SHIBASHOOT)<\/span><\/a>.<\/span><\/p>\n

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.<\/span><\/p>\n