{"id":576384,"date":"2024-09-13T14:00:11","date_gmt":"2024-09-13T14:00:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=576384"},"modified":"2024-09-13T14:00:11","modified_gmt":"2024-09-13T14:00:11","slug":"cate-price-prediction-cate-plummets-22-as-analyst-says-this-new-shib-2-0-presale-could-make-millionaires","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cate-price-prediction-cate-plummets-22-as-analyst-says-this-new-shib-2-0-presale-could-make-millionaires","title":{"rendered":"Cate Price Prediction: CATE Plummets 22% As Analyst Says This New SHIB 2.0 Presale Could ”Make Millionaires”"},"content":{"rendered":"

The Cate price has plummeted 22% in the last 24 hours to trade at $0.01907<\/a> as of  3:20 a.m. EST on a 30% surge in trading volume to $19 million.<\/p>\n

Cate Price Signals A Bullish Rebound<\/h2>\n

The Cate price chart indicates a rounded top, which is a bearish reversal signal. It shows a gradual shift from buying to selling pressure.<\/p>\n

The price peaked at around $0.050 before gradually declining, signaling weakening momentum. However, the presence of a double bottom around $0.01847 suggests the possibility of a bullish reversal.<\/p>\n

This level has been tested twice and has held, implying that if prices remain above it, a rebound could be likely.<\/p>\n

\"Cate<\/p>\n

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

Technical Indicators Signal Potential Further Declines<\/h2>\n

Currently, the price is trading below both the 50-period moving average (SMA 50) at $0.02153 and the 200-period moving average (SMA 200), confirming both short-term and long-term downtrends.<\/p>\n

The downward slope of the MA 50 further supports the bearish sentiment.<\/p>\n

The MACD (12, 26, close, 9) analysis reinforces this sentiment. The MACD line at -0.00065172 sits below the signal line at -0.00031602, indicating prevailing bearish momentum.<\/p>\n

The negative histogram also suggests that selling pressure is increasing, and without a crossover of the MACD above the signal line, the downtrend is likely to continue.<\/p>\n

The Relative Strength Index (RSI 14) is currently at 43.45, signaling market weakness, though not yet in the 30 oversold territory. This reflects some indecision in the market but does not suggest an immediate buying opportunity. However, if the RSI were to drop below 30, it could indicate oversold conditions and potentially attract buyers for the Cate price.<\/p>\n

Cate Price Prediction<\/h2>\n

The technical indicators, especially the MACD and moving averages, currently lean towards further downside unless bullish momentum develops.<\/p>\n

There is a significant downside risk if the price breaks below the $0.01847 support level, with potential declines toward $0.015.<\/p>\n

On the flip side, if the support holds, the price could rally to $0.02153 (the 50-period moving average) or even higher, potentially targeting $0.025 depending on the strength of the bullish momentum.<\/p>\n

Shiba Shootout Presale Rockets Past $1.1 Million – Next Crypto To Explode?<\/h2>\n

Meanwhile, YouTuber ClayBro, with more than 130k subscribers, says the Shiba Shootout (SHIBASHOOT)<\/a> presale ”could make millionaires” after its launch.<\/span><\/p>\n