Roaring Kitty Price Surges Amidst Lawsuit Dismissal
The Roaring Kitty price has surged 26% in the last 24 hours, trading at $0.006636 as of 7:20 a.m. EST, with a 7% increase in trading volume to $1.2 million.
This surge follows comments from former federal prosecutor Eric Rosen, who dismissed a class-action lawsuit against Keith Gill, known as "Roaring Kitty," for alleged securities fraud as "doomed" to fail.
Roaring Kitty's Potential Uptrend
The Roaring Kitty price is currently consolidating within a narrow range, resting around the $0.005071 support level. Bulls may push the price upward, aiming for the $0.02266 resistance level.
KITTYUSD Analysis: Bullish Sentiment Emerges
Bullish investors are driving the KITTY price up from the $0.005071 level, signaling a potential reversal. The 50-day simple moving average (SMA) provides support, while the MACD and RSI indicate strong buying pressure.
Uptrend to New Highs
The Roaring Kitty bulls have the opportunity to propel the price to new highs around $0.02354. This potential recovery could lead to reclaiming its all-time high of $0.04309.
Resistance and Support Levels
If Roaring Kitty fails to break the critical $0.002005 support level, it may face increased selling pressure.
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