Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Is It Too Late To Buy CATE? Cate Price Soars 34% And This Blockbuster ICO Might Be The Next Crypto To Explode

Is It Too Late To Buy CATE? Cate Price Soars 34% And This Blockbuster ICO Might Be The Next Crypto To Explode

InsidebitcoinInsidebitcoin2024/09/15 09:51
By:Insidebitcoin

The Cate price has soared 34% in the last 24 hours to trade at $0.0428607 as of  6:20 p.m. EST on a 10% surge in trading volume to $28 million.

Cate Price Signals A Bullish Rebound

The CATE/USD pair on the 30-minute chart shows a clear bullish trend. Data from GeckoTerminal highlights a double bottom near the $0.026 level, signalling strong support and a reversal from the earlier bearish movement.

This bearish movement was caused by the rounded top pattern, indicating a brief loss of upward momentum before consolidation.

Is It Too Late To Buy CATE? Cate Price Soars 34% And This Blockbuster ICO Might Be The Next Crypto To Explode image 0 Is It Too Late To Buy CATE? Cate Price Soars 34% And This Blockbuster ICO Might Be The Next Crypto To Explode image 1

CATEUSD Analysis Source: Dextools.io

The price is comfortably trading above both the 50-period at $0.038 and the 200-period simple moving average (SMA) at $0.026, confirming a solid uptrend. The 50 SMA is acting as short-term support, and if the price drops below this, the 200 SMA may act as a stronger support level.

Momentum indicators offer more bullish sentiment. The Moving Average Divergence Convergence (MACD) line is slightly above the signal line, showing weak bullish momentum. At the moment, a potential shift tp monitor is if the MACD crosses below the signal line.

The histogram initially shows negative bars indicating weakening bearish pressure, followed by a bullish crossover as the histogram turns positive, aligning with rising prices.

However, as the price continues to rise, the shrinking bars suggest fading bullish momentum. The recent small bars indicate a potential shift in the market, with the possibility of a bearish crossover or consolidation ahead.

The Relative Strength Index (RSI)  on the chart is positioned at 53.22, which places it in the neutral zone, indicating that the current Cate price movement is balanced, with no extreme buying or selling pressure dominating the market.

If the RSI trends slightly upward from previous levels, it will indicate a mild bullish momentum, with room to grow before reaching overbought conditions (above 70).

Cate Price Prediction: Cate Price Could Continue The Uptrend

Given the bullish channel, which has been intact since the price bounced from the $0.028 region, the upward trend may continue as long as it respects the lower boundary of this channel.

If the price holds above these levels, the bullish scenario remains intact. The next significant resistance is near $0.05-$0.06.

However, the risk lies near the $0.038 level coinciding with the 50 SMA  Traders should watch for a potential breakout from the current bullish channel or a possible pullback toward the $0.038-$0.026 support zone.

This Blockbuster Layer 2 Meme Coin ICO Blasts Past $13.3 Million

As the Cate price continues its bullish surge, investors are rushing to buy the new Layer-2 meme coin Pepe Unchained (PEPU), which has already raised over $13.3 million in its presale.

According to prominent crypto analyst and YouTuber ClayBro, who has over 130,000 subscribers, Pepe Unchained is one of the largest ICOs of the year and has the potential to lead the meme coin market after its launch.

The original PEPE coin, built on the congested Ethereum network, has faced high transaction fees and slow processing times, which have negatively affected its performance and user experience.

To solve these issues, Pepe Unchained plans to migrate PEPE’s transactions to its own sidechain, which will offer transaction speeds up to 100 times faster than Ethereum-based meme coins while dramatically reducing fees to a fraction of their current levels.

Pepe Unchained’s Layer-2 network also has the potential to support future meme coin projects, increasing utility and functionality in this niche of the crypto market.

Additionally, early investors who buy and stake PEPU tokens can earn a 155% Annual Percentage Yield (APY).

To join the ICO, you can buy PEPU using ETH, USDT, or a bank card for $0.0096897. With the price set to increase in less than 6 hours, buying now will secure the best deal.

Purchase PEPU tokens on the official website here.

Related Articles:

  • Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!
  • New GambleFi Meme Coin Presale Raises $150,000 Instantly – Is $MEMEBET Token The Next Rollbit Coin?
  • TEPCO Utilizes Excess Renewable Energy for Bitcoin Mining
1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Best New Meme Coins for Exponential Returns: Troller Cat’s 35% Jump Nears While Cat in a Dog’s Drops and Fartboy SlowsConclusionFor More Information:

Explore the best new meme coins for exponential returns. Troller Cat gains 319.8%, while Cat in a Dog's World dips, and Fartboy swings.Troller Cat ($TCAT): The Intergalactic Meme with Real ROICat in a Dog’s World ($MEW): Struggling to Hold SupportFartboy ($FARTBOY): Slight Dip but Eyes on Support Rebound

Coinomedia2025/06/12 23:48
Best New Meme Coins for Exponential Returns: Troller Cat’s 35% Jump Nears While Cat in a Dog’s Drops and Fartboy SlowsConclusionFor More Information:

WLFI Adds Bridge & Previews Swap, Lending, App

WLFI project adds Bridge module under USD1 and previews Swap, Lending, and App features—still marked as "coming soon."Swap, Lending, and App Modules: Still Awaiting LaunchIs WLFI Gaining Momentum or Still in Planning?

Coinomedia2025/06/12 23:48
WLFI Adds Bridge & Previews Swap, Lending, App

4 Top Altcoins of June: BlockDAG, Solaxy, Snorter Token & Cardano Take the Spotlight

Explore June 2025's top altcoins, including BlockDAG, Solaxy, Snorter Token & Cardano. See why BDAG’s $298M presale and 2,660% ROI potential lead the pack.2. Solaxy (SOLX): Layer-2 with $46M and Growing3. Snorter Token (SNORT): Fast Start for Meme + Tools4. Cardano (ADA): Stability with Institutional StrengthFinal Thoughts

Coinomedia2025/06/12 23:48
4 Top Altcoins of June: BlockDAG, Solaxy, Snorter Token & Cardano Take the Spotlight

Avalanche Rallies, SUI Climbs Toward $5, & BlockDAG Captures Major Attention as Presale Nears $300M

Explore how Avalanche’s rally and SUI’s breakout are drawing trader interest while BlockDAG’s $298M presale positions it as a high-growth altcoin before its $0.05 launch.Avalanche (AVAX): Price Jumps as User Base Expands RapidlyBlockDAG (BDAG): Record-Breaking Presale & ROI!Closing Analysis

Coinomedia2025/06/12 23:48
Avalanche Rallies, SUI Climbs Toward $5, & BlockDAG Captures Major Attention as Presale Nears $300M