The Simon's Cat price witnessed an impressive 111% surge over the past month and a further 16% rise in the last 24 hours, reaching $0.00002781 at 00:42 AM EST. This surge was accompanied by a 38% increase in trading volume, which reached $172 million.
Simon's Cat Bullish Trend Analysis
According to GeckoTerminal data, Simon's Cat has maintained a bullish trend throughout the past week, exhibiting a markup phase from the support zone of $0.00002041.
However, the token has faced resistance around the $0.00002941 level, resulting in the formation of a rounding bottom pattern over the past four days. This pattern suggests that Simon's Cat aims to utilize the pattern to drive its price higher.
Technical Indicators
Currently, CAT trades above its 50-day Simple Moving Average (SMA), which further emphasizes the bullish sentiment. Moreover, the Moving Average Convergence Divergence (MACD) indicator is rising above the neutral line, indicating positive momentum for the price. Should this momentum continue, Simon's Cat could break past the $0.00002941 resistance with a target price of $0.000035.
However, the Relative Strength Index (RSI) indicates that buyers are exerting pressure on the asset, as it currently trades at 55 and is trending downwards. If this trend persists, Simon's Cat's price may retrace towards the $0.00002312 support zone.
Crypto All-Stars Presale
As the Simon's Cat price targets a bullish trend continuation, investors are expressing interest in the Crypto All-Stars (STARS) presale, which has raised over $1.2 million in less than four weeks. Crypto YouTuber Jacob Bury, with over 42K subscribers, believes that STARS has the potential to surge 10X upon launch.
About Crypto All-Stars
Crypto All-Stars aspires to revolutionize the meme coin sector through its 'Meme Vault' platform, uniting top meme coins under one ecosystem. It offers a staking platform where users can stake their meme coins and earn rewards. The project enables multiple meme coin staking on a single protocol, regardless of blockchain.
Key Features
Investors can stake meme coins such as Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, and Bonk on the Crypto All-Stars platform. Additional meme coins will be added in the future. Additionally, users can purchase and stake STARS to earn an annual percentage yield (APY) of 1,221%. Currently, STARS is priced at $0.0014362.
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