$1000CAT /USDT: Will the Recovery Continue or Face Rejection?
$1000CAT is trading at $0.02737, gaining 0.29% after rebounding from its 24-hour low of $0.02556. The price is approaching a critical resistance level, making it pivotal for the next directional move.
Trade Setup
Entry Point: $0.02737
Targets to Watch
1. First Target: $0.02800
2. Second Target: $0.02850
3. Third Target: $0.02920
Support Levels
Immediate support at $0.02680, with critical support at $0.02550.
Analysis
The RSI at 75.58 indicates overbought conditions, signaling caution as the rally could face resistance. A breakout above $0.02800 could confirm bullish momentum, while failure to hold $0.02680 may lead to consolidation or a pullback. Monitor volume closely for confirmation.