The chart for $1000CAT
/USDT shows a bearish trend, with the price currently trading at $0.03462, down by -5.31%. The 24-hour low of $0.03429 highlights significant selling pressure. The price is below all key EMAs: the 7 EMA at $0.03467, 25 EMA at $0.03500, and 99 EMA at $0.03564, indicating strong downward momentum. Immediate support rests at $0.03429, and if this level holds, a minor rebound toward $0.03500-$0.03550 may occur. However, failure to sustain above the support could lead to further drops. Traders can look for scalping opportunities near support with tight stop-losses or short positions targeting $0.03350. Risk management is essential as volatility remains high.
