The cryptocurrency analyst CobraVanguard has identified a falling wedge pattern on the daily chart of Catizen (CATI), indicating potential bullish movement. CobraVanguard predicts that if a breakout occurs, CATI's price could rise to $0.8 and possibly reach the Fibonacci level of 0.618. Currently, CATI is trading at around $0.3242 with a 3.19% decrease in the past 24 hours. CATI's performance is also influenced by sentiment surrounding its network token, Toncoin. The recent partnership between Catizen and HashKey Group confirms its place in the Ton ecosystem, aiming to promote Web3 gaming and digital asset services. Additionally, Toncoin has experienced significant user acceptance, surpassing Ethereum in new user acquisition.



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