The price of the Simon’s Cat meme coin surged by 9% in the last 24 hours. Trading volume also climbed 6%, reaching $54.6 million.
Simon’s Cat Price Rise
The Simon’s Cat meme coin has been seeing its price rise since August 30, after initially dropping to a support at $0.000018. Over the last few days, the token’s price has been fluctuating, but the overall trend has been bullish in the past five days. The project predicted its success on August 31, when it shared a post that September would bring success to the CAT token. The price surge began after the CAT token's listing on Coinstore, one of the leading crypto exchanges in Asia and globally.
Simon’s Cat Price Prediction
After reaching a resistance at $0.000025, the CAT token's price was rejected to its current value. However, several technical indicators suggest that the token could soon see another price surge. The first hint is the sharp price drop which pushed the Relative Strength Index (RSI) into the oversold zone at 27.95. This opens a buying opportunity that could create demand and push CAT's price back up. The Bollinger bands remain relatively wide, although the price is pushing the lower band down. The question is whether the token will gather enough momentum to breach the resistance at $0.000025.
Simon’s Cat Alternative
While there is a chance for Simon’s Cat price to recover, its current freefall makes it a risky purchase. Investors might consider the presale of the Crypto All-Stars (STARS) token instead, which has gained significant attention from investors and experts.
The price surge of Simon’s Cat has caught the attention of many traders and analysts. Technical indicators suggest a possible new price surge in the near future.
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