CATI Coin Price Prediction, Will it Breakout?
2024-09-23
Bittime - Latest CATI coin price prediction Catizen price has risen 7% since launch. But it fell 10.31% in the last 24 hours. Discover technical analysis, bullish breakout opportunities and selling pressure risks. Read more in this article!
CATI Coin Price Prediction
Catizen's price has increased 7% since its launch two days ago, even after dropping 2% in the last twenty-four hours.
It was trading at $0.8778 at 22:53 EST with trading volume down 53% to $432 million.
This comes after the launch of the Telegram-based tap-to-earn game that sent 150 million tokens to users as part of the game's Season 1 token distribution.
CATI Price Prediction According on Chart Data
According to the one-hour CATI/USDT chart, Catizen price is now trading within a symmetrical triangle as buyers eye a breakout.
With a bullish perspective at this level, speculators could push for a breakout above the upper limit, which could push Catizen price towards the next target at $10.
On the other hand, the Relative Strength Index (RSI) fell below the neutral zone towards levels higher than 30 and is now at 41. This could indicate that Catizen price is currently experiencing strong selling pressure.
Read Also: Wat Coin Airdrop: WAT Price Prediction When Listing
CATI Price Analysis on Bittime
CATI price is currently showing a significant decline in the last 24 hours, based on data from Bittime. CATI traded at 0.7590 USD, registering a decline of 10.31%.
This decline reflects bearish sentiment that may be triggered by market volatility or profit-taking from investors.
With the crypto market's often unpredictable volatility, price movements like this can be an opportunity for long-term investors looking for low-priced entries.
Conclusion
The CATI coin price has fluctuated, rising 7% since launch, but dropping 10.31% to $0.7590 in the last 24 hours. CATI is in a symmetrical triangle pattern with a bullish breakout opportunity towards $10.
However, the RSI at 41 indicates strong selling pressure, so there is a risk of further downside. Investors need to be aware of market volatility.
How to Buy Crypto on Bittime
Want to trade, sell, buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
