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The Simon’s Cat price has jumped 36% in the last 24 hours to trade at $0.00003402 as of 7:10 a.m. EST, on a 332% pump in trading volume to $120 million.
Simon’s Cat Price Soars In A Parabolic Curve
The CAT/USD pair shows a strong bullish trend emerging after a period of consolidation near a major support zone between the $0.00002200 and $0.00002300 levels. This zone acts as a critical base from which the price surged upwards.
Currently, the price is around $0.00003362, representing a significant 35.20% increase. The sharp upward movement is represented by a parabolic curve, highlighting a strong surge in buying pressure and positive market sentiment.
The 50-period SMA at $0.00002607 and the 200-period SMA at $0.00003203. The price has broken above both moving averages, which is a bullish indicator. Trading above the 200 SMA, in particular, suggests a longer-term shift in trend. If the 50 SMA crosses above the 200 SMA, this would signal a “golden cross,” further confirming bullish momentum.
CATAUSD Analysis Source: Dextools.io
The MACD line is currently above the signal line, and the histogram shows a positive reading. This indicates increasing upward momentum. The MACD is well above the zero line, reinforcing the strong bullish sentiment in the market.
However, the RSI is currently at 77.32, placing it in overbought territory. This suggests the price has risen quickly and may face short-term selling pressure or a potential pullback. Despite this, strong trends can maintain overbought RSI levels for extended periods, so this doesn’t guarantee an immediate reversal.
The price is approaching a resistance level near $0.00003450. If it breaks through this level, the next target could be $0.00004000. On the downside, support may be found at the 200 SMA at $0.00003003 or the 50 SMA at $0.00002607 in the event of a pullback.
In summary, the CAT/USD pair has seen a strong parabolic rise, with technical indicators pointing to sustained bullish momentum. However, the overbought RSI suggests that some caution is warranted, as a pullback or consolidation near resistance could occur before any further upward moves.
Crypto All-Stars Presale Surges Past $2.5 Million In Presale
The Simon’s Cat price shows strong bullish momentum and so, too, does the Crypto All-Stars (STARS) presale, which has already secured over $2.5 million in funding.
According to Jacob Bury, a popular YouTuber who boasts 43K subscribers, STARS could soar as much as 10X after its launch.
Imagine you’ve got a bunch of meme coins, and you want a simple way to stake them. That’s where Crypto All-Stars comes in. The project has created a platform where you can stake meme coins all in one place using its innovative MemeVault protocol. Rewards are paid in $STARS.
When MemeVault launches, it’ll support 11 major meme tokens: Dogecoin, Shiba Inu, Pepe, Brett, Floki, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. Plans are afoot to add even more in the future.
MemeVault will go live once the $STARS presale wraps up.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it’s an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
Users can also stake $STARS itself for a huge annual return of 592%. So far, over 1.2 billion $STARS tokens have been staked
If you’re interested, you can buy $STARS using popular meme coins like FLOKI, SHIB, DOGE, and PEPE, or even with USDT, ETH, BNB, or bank card.
$STARS is priced at $0.0015127 right now. With the price set to increase in less than 18 hours, buy fast for the best deal.
Buy STARS on the official website here.
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