$1000CAT /USDT: Explosive Surge Settles – Is a Rebound Next?
$1000CAT has made a dramatic move, skyrocketing 34.18% to its current price of $0.05257 after touching a high of $0.07089 and a low of $0.03918 in the last 24 hours. Following the parabolic rise, a retracement has set in, with the price finding temporary support near $0.04922. The RSI at 43.92 indicates neutral to slightly oversold conditions, suggesting the potential for a bounce.
Trade Setup:
Entry: $0.05257
Resistance: $0.06085
Support: $0.04922
Targets:
TP1: $0.05450
TP2: $0.05600
TP3: $0.05850
Stop Loss: $0.04850
The retracement phase following a sharp move upward suggests consolidation before a potential recovery. Traders should monitor price behavior near the $0.04922 support level for signs of renewed buying pressure. A break above $0.06085 resistance could lead to another upward leg, while failure to hold support could trigger further declines. Manage your trades with caution as volatility remains high.