Simon’s Cat Price Prediction: CAT Up 17%, But Investors Are Heading to This Tier 2 Meme Coin With 100x Potential

Simon the Cat price has increased by 17% in the last 24 hours. Trading at $0.00002261 As of 6:00 p.m. ET, trading volume was up 5% to $87 million.

Simon’s Cat Price Breaks Above Bullish Flag

The 1-hour chart of the CAT/USD pair shows a shift from a bearish trend within a descending channel to a potential bullish breakout. According to GeckoTerminal data, The meme coin price was initially stuck in a downtrend between around $0.00002205 and $0.00001900, indicating continued downward pressure.

However, the price has formed a rounding bottom pattern near the $0.00001910 level, indicating a potential reversal as buyers gain momentum. Currently, the price is trading around $0.00002245, having broken out of the descending channel and moved above the 50 Simple Moving Average (SMA), which is now at around $0.00002047.

CATUSD Analysis Source: Dextools.io

The price is now facing a resistance zone between 0.00002250 and 0.00002400, an area that previously acted as a supply zone. This level is important for the development of the cup and handle pattern.

The Moving Average Convergence Divergence (MACD) indicator is also showing bullish signals, with the MACD line (blue) above the signal line (orange), indicating that buying pressure is currently stronger than selling pressure.

However, the histogram bars have fallen in the upward direction, which may indicate a pause or weakening of momentum before the next move higher. The bullish momentum will remain intact if the MACD line remains above the signal line. On the other hand, if the former line crosses below the latter line, it may indicate a reversal to the downtrend and a possible pullback.

Meanwhile, the Relative Strength Index (RSI) is holding at 52.30, indicating neutral momentum. This level is near the midpoint of the RSI scale, suggesting that the market is neither overbought nor oversold at the moment, leaving room for further price gains without the immediate risk of a trend reversal.

If the RSI continues to rise towards the 70 level, it will confirm the strengthening of the bullish momentum and will likely lead to the formation of a cup and handle pattern.

Simon’s Cat Price Prediction

the cat The price is now at a critical point. If it breaks the resistance area at $0.00002400, it is likely to confirm the cup and handle pattern, which could push the price towards the take profit range of $0.00002800 to $0.00003000.

However, if the price fails to overcome the $0.00002400 resistance level, it could continue to decline to the 50-day SMA at $0.00002047 or even to the round bottom support level at $0.00001910. However, the overall trend is expected to remain bullish as long as the price remains above the 50-day SMA, which supports the possibility of a continuation of the upward movement in the near to medium term.

Pepe Unchained Surpasses $11 Million – Is The Next 100X Meme Coin Exploding?

While Simon’s Cat price is trying to maintain its upward momentum, investors are also buying the layer 2 meme coin. Baby Unlimited ($PEPU)This new layer-2 coin has surpassed $11 million in early funding, indicating strong investor confidence in the project’s future.

According to an analyst from 99Bitcoins, a prominent crypto YouTube channel, PEPU has 100X potential and is one of the best cryptocurrencies to buy right now.

Pepe Unchained is more than just a Pepe-themed coin. It capitalizes on the meme coin trend while offering innovative technologies that appeal to crypto enthusiasts looking to boost their earnings.

Combining utility with meme appeal, Pepe Unchained features a creative depiction of Pepe with a big brain, helping it carve a unique niche in the crowded meme coin market.

We made $11M! 🐸💪 pic.twitter.com/gmbUxi6JhL

— Pepe Unchained (@pepe_unchained) August 29, 2024

Unlike many other projects, PEPU uses layer 2 technology to address the shortcomings of layer 1 networks. PEPU’s seamless integration with Ethereum also ensures smooth transfers and compatibility with decentralized applications (dApps).

The project also offers low transaction fees, making it more accessible and scalable, allowing for faster trades and handling higher transaction volumes without congestion.

Mr. Baby 🐸

Relax, recharge, and plan for the next big steps. The weekend may be over, but the excitement is just beginning!! pic.twitter.com/ytnpMauezv

— Pepe Unchained (@pepe_unchained) August 26, 2024

Additionally, Pepe Unchained’s double staking mechanism boosts rewards for PEPU investors by reducing operational costs and improving efficiency. The project currently offers $608.82 in rewards per ETH block, with an estimated 177% annual return rate available to anyone who stakes PEPU at this early stage.

You can buy PEPU tokens for $0.0094226 using the purchase tool on the project’s official website. However, you might want to hurry, as the meme coin’s price will skyrocket in less than 5 hours and will continue to rise during the later stages of the ICO.

Buy PEPU tokens here using ETH, USDT or bank card.

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