Simon’s Cat Price Prediction: CAT Slides 3% As Investors Shift To This P2E SHIB Derivative With An 873% APY

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The Simon’s Cat price fell 3% in the last 24 hours to trade at $0.00002264 as of 06:00 a.m. EST on trading volume that plunged 40% to $55 million.

Simon’s Cat Price Prediction: CAT Gears Up Towards A Breakout

Immediately after launch the Simon’s Cat price plunged from the $0.00002577 resistance to the $0.00001782 support and back to the resistance, forming a rounding bottom pattern. The bears then invalidated the bullish prospects of the pattern, pushing CAT back to the support level and back up.

Price movements within this range formed a double bottom pattern, which could suggest that the price is still set for a bullish move in the coming days. CAT now trades in a consolidation phase between the $0.00002136 and $0.00002533 range, as the bulls aim for a breakout.

CATUSD Chart Analysis (Source: GeckoTerminal)

The price of Simon’s Cat now trades slightly above the 50-day Simple Moving Average (SMA), which suggests a looming bullish stance above the range.

Furthermore, the Relative Strength Index (RSI) is rebounding from below the 50-midline level as it moves up, which shows that buying pressure is building well at this level.

If the buying picks up at this point, the price of Simon’s cat could soar, as the bulls target $0.000030.

However, a converse scenario is also possible since the Simon’s Cat price seems to be in equilibrium. If the bears take control of the price, CAT could plunge back to the $0.00001782, support which acts as a formidable support level.

Even as Simon’s Cat price bulls aim to push the asset on a bullish rally, investors are shifting to a hot, new dog-themed alternative called Shiba Shootout (SHIBASHOOT), which offers an annual staking yield of 873%.

That stratospheric yield is why 99Bitcoins, a crypto channel on YouTube with more than 706k subscribers, says that investors who buy $SHIBASHOOT can earn “insane rewards.“

Shiba Shootout Hurtles Past $1 Million – Best Alternative to Buy Now?

Shiba Shootout, the new Shiba Inu-inspired meme coin phenomenon, has already hurtled past the $1 million milestone.

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Shiba Shootout draws its inspiration from the legendary meme coin titan Shiba Inu and takes its token holders on a journey into the crypto Wild West. The game is built around the town of Shiba Gulch, a bustling digital settlement that is a favorite with Shiba lovers who come together to challenge each other.

Saddle up! #ShibaShootout is more than a #memecoin it’s a Wild West crypto adventure! 🐾💥
Join Marshal Shiba & the Sharpshooters in Shiba Gulch for fun and excitement. 🤠🚀 pic.twitter.com/a3BFVx7u42
— shibashootout (@shibashootout) July 1, 2024

The project goes beyond the conventional limits of meme coins, taking the holder on a captivating adventure filled with creativity, strategic gameplay, and the allure of a cowboy’s high-stakes showdown.

Its mobile game Shiba Sharpshooter has already amassed over 1,000 downloads on the Google Play Store, with a Web3 app launching soon.

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Buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.