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The Simon’s Cat worth surged 37% within the final 24 hours to commerce at $0.00002661 as of 12:30 a.m. EST on a 12% drop in buying and selling quantity to $122 million.
This surge in worth adopted the token’s launch on the Bitmart crypto change on Aug. 22. Moreover, it went reside on a number of main exchanges, together with KuCoin, Gate, MEXC, BingX, and Pancakeswap.
Merchants may commerce $CATUSDT-M Perpetual contracts on KuCoin Futures with as much as 8x leverage.
Simon’s Cat Worth Breaks Above The Bullish Pennant
The CAT/USD buying and selling pair chart on a 1-hour timeframe reveals a powerful bullish development, supported by a number of key technical indicators. The value not too long ago broke above the 50 Easy Transferring Common (SMA), a sign usually related to the continuation of an uptrend.
The Relative Power Index (RSI) is at present at 75.11, indicating that the asset is overbought. Whereas this displays robust shopping for strain, it additionally raises the potential of a short-term pullback because of the overextended situation.
The Transferring Common Convergence Divergence (MACD) additional helps the bullish outlook, with the MACD line positioned above the sign line whereas each strains are additionally above the impartial degree line, indicating rising optimistic momentum. The histogram bars are additionally rising and turning inexperienced, supporting the general bullish sentiment for the Simon’s Cat worth.
CATUSD Evaluation Supply: Dextools.io
The meme coin’s worth not too long ago broke out above a short-term consolidation channel, which may result in a powerful transfer to the upside.
CAT’s current worth improve above the higher boundary of the consolidation channel confirms a breakout from the sample, indicating that the earlier uptrend might be set to proceed.
The CAT/USD worth may proceed to rise within the quick time period, doubtlessly coming into a worth discovery section to the upside. Nonetheless, because of the overbought RSI, merchants ought to be cautious of a attainable pullback earlier than the worth resumes its upward trajectory.
Remaining Name To Purchase Playdoge Now Earlier than The Presale Ends
In the meantime, as extra merchants flock to purchase CAT, one other Dogecoin by the title of PlayDoge (PLAY) continues to draw extra traders in its presale, which has simply stormed previous $6.3 million in early funding.
With its trendy tackle a nostalgic gaming traditional and robust enchantment to meme coin fanatics, PlayDoge is well-positioned to rise via the ranks of the crypto world.
This momentum has analysts and crypto influencer ClayBro predicting that the token may ship 10X returns for traders.
PlayDoge (PLAY) seeks to revive the joy of the 90s by introducing a contemporary model of the traditional Tamagotchi sport, aiming to carve out a distinct segment within the quickly rising meme coin market.
In PlayDoge’s sport, gamers can earn crypto rewards within the type of PLAY tokens by caring for his or her digital companions.
🚨 Essential Announcement 🚨
PlayDoge’s extremely anticipated #Presale ends on Monday, August twenty sixth at 10am UTC! ⏳
Purchase $PLAY in remaining phases now! 💰
👉 https://t.co/JT0VEofqf2 pic.twitter.com/aWQCHxox0H— PlayDoge (@PlayDogeGame) August 16, 2024
Gamers can accumulate PLAY tokens by making certain their pets obtain sufficient love, meals, and relaxation. The sport is designed to be mobile-friendly, permitting gamers to observe their digital pets always and maximize their earnings.
The undertaking additionally presents a 72% APY, which can contribute to its robust early efficiency.
With lower than three hours remaining till the presale ends, traders have restricted time to buy the token at a pre-market fee and benefit from the excessive passive rewards.
To take part, use the purchase widget on the undertaking’s official web site, and if desired, lock up your tokens on the staking web page. PLAY is at present priced at $0.00531 and might be bought utilizing ETH, USDT, BNB, or a financial institution card.
Buy PLAY right here earlier than its presale ends.
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