{"id":571544,"date":"2024-09-01T04:03:21","date_gmt":"2024-09-01T04:03:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=571544"},"modified":"2024-09-01T04:09:46","modified_gmt":"2024-09-01T04:09:46","slug":"simons-cat-price-prediction-cat-soars-17-but-experts-i-say-consider-this-crypto-that-can-100x-before-its-too-late","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/simons-cat-price-prediction-cat-soars-17-but-experts-i-say-consider-this-crypto-that-can-100x-before-its-too-late","title":{"rendered":"Simon\u2019s Cat Price Prediction: CAT Soars 17%, But Experts Say Consider This Crypto That Can 100X Before Its Too Late"},"content":{"rendered":"

The Simon’s Cat price surged 17% in the last 24 hours to trade at $0.00002261<\/a> as of 6 p.m. EST on a 5% rise in trading volume to $87 million.<\/p>\n

Simon’s Cat Price Breaks Above The Bullish Pennant<\/h2>\n

The CAT\/USD 1-hour chart shows a shift from a bearish trend within a descending channel to a potential bullish breakout. According to GeckoTerminal data,<\/a> the price was initially stuck in a downtrend between roughly 0.00002205 and 0.00001900, indicating ongoing downward pressure.<\/p>\n

However, the price has formed a rounded bottom pattern near the 0.00001910 level, signaling a possible reversal as buyers gain momentum. Currently, the price sits around 0.00002245, having broken out of the bearish channel and moved above the 50 simple moving average (SMA), now positioned at about 0.00002047.<\/p>\n

\"Simon’s<\/p>\n

CATUSD Analysis Source: Dextools.io<\/a><\/p>\n

The price now faces a resistance zone between 0.00002250 and 0.00002400, an area previously acting as a supply zone. This level is critical for developing a cup and handle pattern.<\/p>\n

The Moving Average Convergence Divergence (MACD) indicator also shows bullish signs, with the MACD line (blue) above the signal line (orange), suggesting that buying pressure is currently stronger than selling pressure.<\/p>\n

However, the histogram bars have slightly declined in height, which could indicate a temporary pause or weakening in momentum before the next move higher. The bullish momentum will be kept intact if the MACD line stays above the signal line. On the other hand, if it crosses below, it could signal a shift to bearish momentum and a possible pullback.<\/p>\n

Meanwhile, the Relative Strength Index (RSI) is at 52.30, indicating a neutral momentum. This level is near the midpoint of the RSI scale, indicating that the market isn’t currently overbought or oversold, leaving room for further price gains without the immediate risk of a reversal.<\/p>\n

If the RSI continues climbing toward 70, it would confirm strengthening bullish momentum and likely support the formation of the cup and handle pattern.<\/p>\n

Simon’s Cat Price Prediction<\/h2>\n

The CAT price is currently at a crucial juncture. If it breaks above the resistance zone at 0.00002400, it will likely confirm the cup and handle pattern, potentially driving the price toward the take profit range of 0.00002800 to 0.00003000.<\/p>\n

However, if the price fails, it may continue the downturn to the 50 SMA at 0.00002047 or even further down to the rounded bottom support around 0.00001910. Nevertheless, the overall trend is expected to stay bullish as long as the price holds above the 50 SMA, supporting the potential for continued upward movement in the short to medium term.<\/p>\n

Pepe Unchained Storms Past $11 Million – Next 100X Meme Coin To Explode?<\/h2>\n

Investor enthusiasm, fueled by Simon’s cat bullishness, is evident in the growing interest in Pepe Unchained ($PEPU)<\/a>. This new layer-2 meme coin has just zoomed past $11 million in early funding as investors flock to buy in.<\/p>\n

According to an analyst on 99Bitcoins, a prominent crypto channel on YouTube, $PEPU has 100x potential and is one of the best cryptos to buy now.<\/p>\n