Simon's Cat (CAT) entered price discovery mode recently, hitting a new ATH of $0.0000464 on 21 September. The meme coin saw an exponential ra
Simon’s Cat hit a new ATH but now faces a potential pullback—will the bullish divergence spark a short-term rally?entered price discovery mode recently, hitting a new ATH of $0.0000464 on 21 September. The meme coin saw an exponential rally but has since slowed down after breaking out of its near-term rising wedge structure.
Despite the recent slowdown, CAT’s RSI showed early signs of a bullish divergence. The price reached higher highs, whereas the RSI has reached lower lows. If the bullish divergence materializes, CAT could bounce back toward the $0.000041 resistance level and potentially its ATH levels in the coming sessions.On the flip side, the recent rising wedge breakout increases the likelihood of a further pullback. If the selling pressure continues, CAT could find support at $0.0000352 and $0.0000308 before attempting a rebound.
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