$CATI has been trading within a bullish channel for some time but recently broke below it, suggesting the possibility of a bearish move. It gave a clear retest of the broken channel, confirming this breakdown. If the price fails to reclaim the support of the channel, we can expect further downside.
đ Bearish outlook:
Long positions should be cautious as the recent retest may confirm a move down.
A break below $0.90 could lead to further declines, with the next significant support around $0.85.
đ Watch for volatility as the price attempts to regain momentum or continue its downward trend.
