Simon’s Cat Price Prediction: CAT Jumps 17% as Whale Buyers Drive Pepe Unchained ICO to $13 Million

Simon’s Cat price jumped 17% in the past 24 hours to trade at $0.00002781 as of 6:45 p.m. EST, on a 42% increase in trading volume to $87 million.

Simon’s Cat Price Breaks Out of Consolidation Zone

CAT price is moving in a volatile uptrend, highlighted by a parabolic curve. The price is currently at $0.00002781, with a major support area identified around the $0.00002200 level, where the 200-day simple moving average (SMA) also aligns, providing a robust support line.

According to data from GeckoTerminal, a significant uptick occurred as the price spiked, indicating strong bullish momentum, but has since retraced back to the 50-day SMA, currently at $0.00002598, acting as dynamic support.

CATUSD Analysis Source: Dextools.io

The Moving Average Convergence Divergence (MACD) indicator is showing a slightly bearish divergence, with the MACD line crossing below the signal line, but above the neutral level, indicating that the recent uptrend may face corrective pressure in the short term.

The histogram bars have increased in height, suggesting a potential resurgence or strengthening of momentum before the next move higher.

The bearish momentum will continue if the MACD line remains below the signal line. However, if the MACD line crosses above the signal line, it could indicate a change to an uptrend and the possibility of a 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 price action without immediate risk of reversal.

Traders should watch for further confirmation from momentum indicators before entering positions, as the risk-reward ratio remains favorable if support levels hold firm.

Simon’s Cat Price About to Crash

CAT price appears positioned for a potential breakout, but traders should approach it with caution due to mixed signals from momentum indicators.

If the price manages to hold above the 50-day moving average at $0.00002598 and successfully break the immediate resistance near $0.00003400, we could see a continuation of the uptrend towards the profit-taking point at $0.00003800. This would signal strong upward momentum, suggesting that the bulls remain in control.

However, if the price fails to hold above the 50-day moving average and falls below this level, it could trigger additional selling pressure, pushing the price lower to retest the critical support at $0.00002200.

The bearish divergence in the MACD adds a layer of risk, indicating that a deeper pullback could be on the horizon if bearish momentum intensifies.

PEPU ICO Gains Momentum as Whale Buyers Close in on $13 Million

Meanwhile, Layer 2’s new meme coin Pepe Unchained (PEPU) is heading towards $13 million in funds raised in its blockbuster presale, making it one of the most successful projects of 2024.

And now, it has caught the attention of whale investors, who have recently made substantial purchases, fueling a strong bullish sentiment around the ICO.

This week alone, major PEPU purchases by whales include a purchase of 6 million tokens worth $56,735 and another purchase of 2.76 million tokens worth $26,196. This helped push the funds raised past $500,000 in less than a week, quite a feat during a market downturn.

Boom! $12 million raised!

Pepe Unchained hits milestones and prepares for the next big leap 🐸💪 pic.twitter.com/Cr2MI0CESp

— Pepe Unchained (@pepe_unchained) September 5, 2024

Analysts are becoming increasingly optimistic about the project. Popular crypto YouTube channel 99Bitcoins, with over 706,000 subscribers, claims that PEPU has the potential to be the next big player in the meme coin space. It predicts a possible 100x increase after launch.

PEPU is marketed as a huge upgrade from the original PEPE, which was limited by its cumbersome Layer 1 blockchain.

PEPU features its own proprietary Layer 2 blockchain, offering low transaction fees and making it more accessible to a wider audience. Its improved scalability allows for faster exchanges and can handle higher transaction volumes without congestion.

Pepe Unchained’s innovative dual-staking mechanism also improves investor rewards by reducing operational costs and increasing efficiency.

By staking PEPU tokens, you can earn passive income with an estimated Annual Percentage Yield (APY) of 165%.

Currently, PEPU tokens are available for $0.0095743. With the price expected to increase in just over a day, don’t wait too long if you want to grab the best deal.

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

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