Simon’s Cat Price Prediction: CAT Up 17% as Whale Buyers Surge Pepe Unchained ICO to $13M

Simon’s Cat price has surged 17% over the last 24 hours to $0.00002781 as of 6:45 PM ET, with volume jumping 42% to $87 million.

Simon’s Cat price breaks above consolidation zone

CAT price is trading in a volatile uptrend highlighted by a parabolic curve. The price is currently at $0.00002781, with the main support area identified around the $0.00002200 level, while the 200-day simple moving average (SMA) is also aligned, providing strong support.

According to GeckoTerminal data, there was a significant rally as the price surged, showing strong bullish momentum, but it then retraced back to the 50-day SMA, which is currently at $0.00002598, acting as a dynamic support level.

CATUSD Analysis Source: Dextools.io

The Moving Average Convergence Divergence (MACD) indicator is showing a slight bearish divergence, and the MACD line is below the signal line but above neutral levels, indicating that the recent uptrend may face short-term corrective pressure.

The histogram bars are getting taller, which suggests a possible bounce or momentum gain ahead of the next uptrend.

If the MACD line stays below the signal line, the bearish momentum continues. However, if the MACD line crosses above the signal line, it may indicate a reversal to a bullish trend and a possible price rally.

Meanwhile, the Relative Strength Index (RSI) is relatively neutral at 51.19. This level is close to the midpoint of the RSI scale, indicating that the market is currently neither overbought nor oversold, leaving room for further price appreciation without the risk of an immediate reversal.

As long as the support level remains solid, the risk-to-reward ratio is favorable, so traders should wait for additional confirmation from momentum indicators before taking a position.

Simon’s Cat Price is on the road to breakthrough

CAT price is expected to see a potential breakout, but traders should approach it cautiously as momentum indicators are giving mixed signals.

If the price successfully breaks the immediate resistance near $0.00003400 while holding the 50-day SMA at $0.00002598, we can see the bullish trend continuing towards the take profit point at $0.00003800. This indicates strong upside momentum and suggests that bulls are still in control.

However, if the price fails to stay above the 50-day SMA and falls below this level, additional selling pressure may arise, causing the price to decline and retest the important support level of $0.00002200.

A bearish divergence in the MACD adds to the risk factor and suggests that a larger decline may be expected as downside momentum builds.

PEPU ICO Gains Momentum as Whale Buyers Push for $13 Million

Meanwhile, a new layer 2 meme coin, Pepe Unchained (PEPU), is on track to raise $13 million in a blockbuster pre-sale that is one of the most successful projects of 2024.

And now the strong bullish sentiment towards ICOs has caught the attention of whale investors who have been buying significantly recently.

Just this week, major whale buys on PEPU include a buy of 6 million units worth $56,735 and a buy of 2.76 million tokens worth $26,196. This brings the fundraising total to over $500,000 in less than a week, which is a great achievement during a market downturn.

Boom! $12 million raised!

Pepe Unchained has reached a milestone and is ready for the next big leap 🐸💪 pic.twitter.com/Cr2MI0CESp

— Pepe Unchained (@pepe_unchained) September 5, 2024

Analysts are becoming increasingly bullish on the project, with popular crypto YouTube channel 99Bitcoins, which has over 706,000 subscribers, saying PEPU has the potential to become the next big player in the meme coin space, predicting a 100x surge after launch.

PEPU is being marketed as a vastly upgraded version of the original PEPE, which was hampered by its inconvenient Layer 1 blockchain.

PEPU comes with its own proprietary Layer 2 blockchain, which allows for lower transaction fees and easier access to a wider audience. Improved scalability allows for faster transactions and can handle more transaction volumes without congestion.

Pepe Unchained’s innovative double staking mechanism reduces operational costs, increases efficiency, and improves investor rewards.

Staking PEPU tokens can generate passive income with an annual yield (APY) of approximately 165%.

Currently, PEPU tokens are selling for $0.0095743. The price is expected to rise in a little over a day, so don’t wait too long if you want to get the best deal.

Buy PEPU tokens here using ETH, USDT or bank card and get the best deal.

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