Simon’s Cat Price Prediction: CAT Plummets 14% As The SHIBASHOOT Presale Rockets Towards $1.7 Million Raised
The Simon’s Cat price dropped 14% in the last 24 hours to trade at $0.00002416 as of 06:00 a.m. EST on trading volume that dropped 6% to $100 million.
Simon’s Cat Price Aims For A Continued Surge
Since its launch, Simon’s Cat has been on an uptrend, trading within the rising channel pattern, according to data from GeckoTerminal . CAT’s price aims for a continued bullish rally, as the token now surpasses the lower boundary of the rising channel.
The Relative Strength Index (RSI) is currently on a rebound from the 50-midline level, as it hurtles towards the overbought region, currently at 56. The soaring RSI is an indication that CAT is under intense buying pressure.
As the RSI rebounds, the buying pressure may intensify, which may in turn exert pressure on the price of Simon’s Cat. In this scenario, CAT could soar above the rising channel as the bulls target $0.0000350.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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