{"id":579108,"date":"2024-09-23T08:19:00","date_gmt":"2024-09-23T08:19:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=579108"},"modified":"2024-09-23T08:19:00","modified_gmt":"2024-09-23T08:19:00","slug":"catizen-price-prediction-cati-plunges-14-as-this-new-meme-coin-ico-zooms-past-1-5-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/catizen-price-prediction-cati-plunges-14-as-this-new-meme-coin-ico-zooms-past-1-5-million","title":{"rendered":"Catizen Price Prediction: CATI Plunges 14% As This New Meme Coin ICO Zooms Past $1.5 Million"},"content":{"rendered":"

The Catizen price dropped 14% in the last 24 hours <\/span>to trade at $0.7596<\/a> as of 00:31 a.m. EST on trading volume that plunged 20% to $318 million.<\/span><\/p>\n

There is a notable increase in interest in CATI following its listings on multiple decentralized exchanges. The buzz surrounding its listings has motivated more investors to join the community.<\/span><\/p>\n

Can the increasing buzz push the Catizen price toward a reversal?<\/span><\/p>\n

Catizen Price Bearish – A Bullish Trend Reversal Possible?<\/h2>\n

After its launch on September 20, the Catizen price has been in a sustained downtrend, trading within a falling wedge pattern from the $1.2 resistance to the $0.73 support level, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

CATI now trades below the 50-day Simple Moving Average (SMA) (0.8567), which is a confirmation of the downtrend.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) also trades on a downtrend, currently at 30 as it hurtles below the 30-oversold region, which shows that CATI is under intense selling pressure.<\/span><\/p>\n

The RSI also shows that the token is now undervalued, which may be a buying signal for the bulls. In this scenario, the bulls may buy more to push the Catizen price through a bullish trend reversal, as they target the previous resistance zone at $1.2.<\/span><\/p>\n

\"Catizen
Catizen Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

However, if the bears continue pushing the price of Catizen down, CATI could plunge further below the falling wedge, with $0.65 now acting as the immediate support zone.<\/span><\/p>\n

Meanwhile, as investors flee CATI, they are piling into a new meme coin called <\/span>Crypto All-Stars (STARS)<\/span><\/a>, which YouTuber Cl<\/span>ayBro, with over 130K subscribers, says has the potential to soar 26X after its launch.<\/span><\/p>\n