{"id":570853,"date":"2024-08-30T06:30:32","date_gmt":"2024-08-30T06:30:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=570853"},"modified":"2024-08-30T09:38:12","modified_gmt":"2024-08-30T09:38:12","slug":"gigacat-price-prediction-solana-meme-coin-gcat-plunges-48-as-analysts-say-consider-this-new-crypto-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gigacat-price-prediction-solana-meme-coin-gcat-plunges-48-as-analysts-say-consider-this-new-crypto-for-100x-gains","title":{"rendered":"Gigacat Price Prediction: Solana Meme Coin GCAT Plunges 48% As Analysts Say Consider This New Crypto For 100X Gains"},"content":{"rendered":"

The Gigacat price dropped 48% in the last 24 hours <\/span>to trade at $0.0004531<\/span><\/a> as of 00:47 a.m. EST on trading volume that rose to $944K.<\/span><\/p>\n

Gigacat Price Gears Up For A Rebound<\/h2>\n

After an uptrend to the $0.00128 resistance level, the Gigacat price has been on a downtrend. GCAT now trades within a falling channel pattern, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The $0.000410 support now acts as a cushion against downward pressure, which the bulls aim to be capitalizing to propel the price over the upper boundary of the channel.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is also rebounding from the 30-oversold level to currently soar towards the 50-midline level, as the buying pressure increases.<\/span><\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) also supports the bullish prospects, as it soars towards the neutral line. The blue MACD line recently crossed above the orange signal line as well, creating a bullish crossover.<\/span><\/p>\n

\"Gigacat
GCATUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

With the bulls exerting more pressure, the price of Gigacat is gearing up towards a bullish trend reversal above the falling channel, with the bulls now targeting $0.0010.<\/span><\/p>\n

However, the Gigacat price now trades below both the 50 and 200 Simple Moving Averages (SMAs) on the 15-minute chart, which could suggest that GCAT is still in a bearish trend. If this scenario continues, the price of Gigacat could plunge further to $0.00020.<\/span><\/p>\n

As the Gigacat bulls aim to stage a rebound, other investors are buying a new meme coin <\/span>Crypto All-Stars (STARS)<\/span><\/a>, which has already garnered over $855K in its ongoing presale.<\/span><\/p>\n

According to Jacob Bury, a prominent crypto YouTuber, STARS has the potential to soar 10X after its launch.<\/span><\/p>\n