Technical analysis of the currency: $1000CAT
1. General trend:
Current price: 0.05573 USDT with a +42.24% increase in the last 24 hours.
The coin has seen a significant rise in the recent period, recording 0.07089 as the highest price in 24 hours, indicating significant purchasing power.
Support Line: Around 0.03918 USDT, showing a positive bounce from the lower support levels.
2. Technical indicators: $1000CAT
7-day moving average (MA7): at 0.05580 USDT, indicating an increasing bullish trend.
Relative Strength Index (RSI): It is close to 31.19, indicating that the currency is starting to come out of the oversold condition and may witness a new buying wave.
Liquidity is very high with strong trading volumes of around 2.15 billion 1000CAT, confirming investors’ appetite for the coin.
3. Financial flows:
Significant increase in large purchase flows (19.77%), which is an indication of the interest of major investors.
The massive inflows over the last 5 days have reached 122.55 million, proving that there is growing confidence in the bullishness of the coin.
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Brief about the currency and the project: $1000CAT
1000CAT is a new cryptocurrency ranked#226globally with a market cap of $374.06 million.
Total supply: 8.1 billion 1000CAT.
Max Supply: 9B 1000CAT, which means the supply is limited and is a positive factor for future price increases.
Fully discounted market cap: $498.75 million, reflecting strong growth potential.
Project features:
Meme Coin is a meme oriented project but with strong fundamentals.
The project is seeing increasing trading volumes and liquidity, making it a strong competitor to emerging currencies.
Its low price makes it an ideal opportunity for investors looking to enter the market at the lowest costs.
How much do you invest in this currency: from 50 to 100 dollars, but the price will drop tomorrow, so you have to make a quick profit from it within hours, then sell so that you do not lose