Simon’s Cat Price Prediction: CAT Leaps 18% As Pepe Unchained Rockets Past $13 Million In Presale

Surge in Simon's Cat Price

Simon's Cat's price has witnessed an 18% increase within the past 24 hours, reaching $0.00003295 as of 4.30 a.m. EST. Trading volume has decreased slightly by 1%, amounting to $132.4 million.

This surge can be attributed in part to HTX's recent perpetual listing. The exchange has introduced a CAT/USDT pair with leverage of up to 50x for both long and short trades.

Significant Developments

BNB Chain's announcement two days ago further fueled the token's momentum. Simon's Cat was named the winner of the second phase of their Meme Liquidity Support Program.

These developments have drawn attention to the meme coin, contributing to its recent price surge, which has been aligned with a bullish trend in the meme coin market.

Resistance and Correction

Despite the recent surge, Simon's Cat has faced resistance at $0.000033. While it has briefly breached this level several times in the past 24 hours, it has yet to establish it as a support.

Technical indicators suggest a bullish outlook, but the overall market sentiment is shifting toward bearishness. Many cryptocurrencies are experiencing losses, indicating a potential market-wide correction.

CAT's Bollinger bands remain wide, suggesting a potential correction. Additionally, the RSI value has dropped back to around 50, indicating a weakening buying momentum.

Alternative Investment Opportunities

With the likelihood of a correction in CAT's price, investors may consider seeking alternative high-potential investments.

One promising option is Pepe Unchained (PEPU), which has been among the most successful presales of the year, raising over $13 million.

PEPU stands out as the first and only Pepe-inspired meme coin to launch on its own Layer-2 blockchain based on Ethereum. This independence frees PEPU from the limitations of Ethereum, resulting in increased scalability, speed, and affordability.

Some experts, such as YouTuber Crypto ZEUS, speculate that PEPU has the potential to replace the original Pepe.

PEPU tokens are currently priced at $0.009651 and can be purchased with ETH, BNB, USDT, or credit/debit cards. Interested investors should consider acting promptly as a price hike is anticipated in less than 3 hours.