#catizen To understand the potential trend based on this chart:

1. Candlesticks:

The price seems to be moving in a corrective range currently after an uptrend.

If red (bearish) candles continue to appear with high trading volumes, this may indicate a potential downtrend.

2. Moving Averages:

The short-term moving average (MA7) is above the longer-term averages (MA25 and MA99), indicating a near-term uptrend.

If the price breaks MA99 to the downside, a bearish reversal may occur.

3. Volume:

High trading volumes during bearish candles indicate strong selling.

If the trading volume is low, the downtrend may be weak or temporary.

Probability:

If the price maintains its levels above MA99 and continues to rise, the trend may be bullish.

If the nearby support is broken at , with continued selling pressure, we may see additional downside.

Recommendation: Watch the nearby support and resistance levels and read future candles.

$CATI

$CATI
Do not sell, the price may rise more than $2