CandleFocus CAT weekly gains surpass 37% as a bullish pattern forms on its daily chart
2024-10-28
Author: Content Editor
The meme coin Simon's Cat (CAT) has formed a bull flag pattern on its 1-day chart, which could signal a continuation of an uptrend and potential price gains. The coin has been consolidating within a tight range and has found strong support above a certain price level. The coin's market cap has increased, along with a rise in trading volume, after its listing on the crypto exchange OKX. Several traders and investors have shown optimism by buying significant amounts of CAT. However, technical indicators suggest that the bullish trend might be losing momentum, with the possibility of consolidation or slight downward movement in the short term.
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