Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»The Simon’s Cat cryptocurrency rose 12% in one day and 86% in three days. What’s causing the surge?
ALTCOIN NEWS

The Simon’s Cat cryptocurrency rose 12% in one day and 86% in three days. What’s causing the surge?

By Crypto FlexsOctober 24, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Simon’s Cat cryptocurrency rose 12% in one day and 86% in three days. What’s causing the surge?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Simon’s cat cryptocurrency has strong bullish momentum and trading volume.
  • Differences in memes near two-month highs could point to a downward trend.

Simon’s Cat (CAT) had a big rally this week. The meme coin has been trading within a certain range since mid-September. It surged from its lows on October 21 after Binance announced it would list its tokens on the derivatives market.

At press time, CAT was trading 6.4% below its peak. However, there was a gap between price and momentum. Will Simon’s Cat Cryptocurrency See a Deep Retracement?

Signs of Hyperextension

CAT 4 hour chart

Source: CAT/USDT on TradingView

The range formation (purple) extended from $0.0000236 to $0.0000466. The midpoint of this range was $0.000035, which has served as support and resistance for the past two months.

The Money Flow Index is also called volume-weighted RSI because it combines volume and price data. The oscillator has made lower highs over the past two days and the price has risen.

This is a bearish divergence and a sign that the price is likely to bounce back soon. Given its proximity to the range high, rejection near the $0.0000466 level is likely.

The $0.000038 and $0.000035 support levels are likely to present good buying opportunities if rejected.

Open Interest and Funding Rate Trends

CAT Coin AnalysisCAT Coin Analysis

Source: Coin Analysis

The price of the Simon’s cat cryptocurrency has nearly doubled since Monday, but open interest has increased by about 500%. It was $6.7 million on the 21st, and reached $36 million at press time.


Read Simon’s Cat (CAT) Price Forecast for 2024-25


However, the funding rate has cooled in the last 48 hours. This showed that optimistic sentiment was losing the strength it showed earlier in the week.

Overall, sentiment remained optimistic but likely to fall to intermediate levels.

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

Next: Near Protocol (NEAR) faces a downtrend, but its bullish trend continues.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Despite market volatility

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

How does it affect Bitcoin?

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025
Most Popular

Verified: Staking on eth2 #0

February 17, 2024

Altcoin Market has reached a historic low. Will Bitcoin’s grip soon disappear?

March 7, 2025

Bitcoin and Chainlink Investors Monitoring Kelexo

February 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.