{"id":574233,"date":"2024-09-08T08:37:42","date_gmt":"2024-09-08T08:37:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=574233"},"modified":"2024-09-08T10:46:34","modified_gmt":"2024-09-08T10:46:34","slug":"simons-cat-price-prediction-cat-leaps-17-as-whale-buyers-send-the-pepe-unchained-ico-soaring-towards-13-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/simons-cat-price-prediction-cat-leaps-17-as-whale-buyers-send-the-pepe-unchained-ico-soaring-towards-13-million","title":{"rendered":"Simon’s Cat Price Prediction: CAT Leaps 17% As Whale Buyers Send The Pepe Unchained ICO Soaring Towards $13 Million"},"content":{"rendered":"

The Simon’s Cat price surged 17% in the last 24 hours to trade at $0.00002781<\/a> as of 6:45 p.m. EST on a 42% jump in trading volume to $87 million.<\/p>\n

Simon’s Cat Price Breaks Above The Consolidation Zone<\/h2>\n

The CAT price<\/a> is trading in a volatile uptrend, highlighted by a parabolic curve. The price is currently at $0.00002781, with a major support zone identified around the $0.00002200 level, where the 200-day Simple Moving Average (SMA) also aligns, providing a robust support line.<\/p>\n

According to GeckoTerminal data<\/a>, a significant rally occurred as the price spiked, indicating strong bullish momentum, but has since retraced to the 50-day SMA, currently at $0.00002598, acting as a dynamic support.<\/p>\n

\"Simon's<\/p>\n

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

The Moving Average Convergence Divergence (MACD) indicator shows a slightly bearish divergence, with the MACD line crossing below the signal line, but above the neutral level, indicating that the recent uptrend might face short-term corrective pressure.<\/p>\n

The histogram bars have increased in height, suggesting a potential resurgence or strengthening in momentum ahead of the next upward move.<\/p>\n

The bearish momentum will remain if the MACD line stays below the signal line. However, if the MACD line crosses above the signal line, it could indicate a shift to a bullish trend and the possibility of a price rally.<\/p>\n

Meanwhile, the Relative Strength Index (RSI) is relatively neutral at 51.19. 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

Traders should watch for further confirmation from momentum indicators before taking positions, as the risk-reward ratio remains favorable if the support levels hold firm.<\/p>\n

Simon’s Cat Price Poised For Breakout<\/h2>\n

The CAT price appears positioned for a potential breakout, but traders should approach it with caution due to mixed signals from momentum indicators.<\/p>\n

If the price manages to sustain above the 50-day SMA at $0.00002598 and successfully breaches the immediate resistance near $0.00003400, we could see a continuation of the bullish trend toward the take-profit point at $0.00003800. This would signal a strong upward momentum, suggesting that bulls remain in control.<\/p>\n

However, if the price fails to hold above the 50-day SMA and drops below this level, it may trigger further selling pressure, pushing the price down to retest the critical support at $0.00002200.<\/p>\n

The MACD’s bearish divergence adds a layer of risk, indicating that a deeper pullback could be on the horizon if bearish momentum intensifies.<\/p>\n

PEPU ICO Gains Momentum As Whale Buyers Push Towards $13 Million<\/h2>\n

Meanwhile, the new Layer 2 meme coin Pepe Unchained (PEPU)<\/a> is storming towards $13 million in funds raised in its blockbuster presale, one of the most successful projects of 2024.<\/p>\n

And now it’s caught the attention of whale investors, who have made substantial purchases recently, fueling strong bullish sentiment around the ICO.<\/p>\n

This week alone, major whale purchases of PEPU include a 6 million buy worth $56,735 and another buy of 2.76 million tokens valued at $26,196. That pushed funds raised past $500,000 in less than a week, quite a feat during a market downturn.<\/p>\n

\n

Boom! $12M raised!<\/p>\n

Pepe Unchained is crushing milestones and gearing up for the next big leap 🐸💪 pic.twitter.com\/Cr2MI0CESp<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) September 5, 2024<\/a><\/p><\/blockquote>\n