$CATI COIN ANALYSIS - PUMP OR DUMP ‼️🚨

We can see a notable rally followed by a pullback, reflecting a quick shift in market dynamics — The price initially surged to the 1.1000 area, reaching a peak volume spike near 10.365M, indicating a strong bullish drive. However, after hitting this high, the market started to lose momentum, breaking below a trendline that had been supporting the price

The break in market structure, marked by a drop from the recent highs, signals a shift in sentiment, with sellers starting to take control. The price is now hovering around 0.9850, sitting just above a key support zone highlighted in green. This area has seen some buying interest, but the price is showing signs of hesitation, struggling to make a decisive move upward.

If this support zone fails to hold, we could see further downside pressure potentially revisiting lower levels around 0.9500 or even the marked weak low if selling accelerates Conversely, a strong bounce from this zone could reignite bullish momentum, but it would need to overcome resistance around the 1.0500-1.1000 levels, which have acted as a ceiling for the price

In the short term, the focus should be on how the price reacts at the current support level. A failure to hold could suggest more bearish activity ahead, while a successful defense might signal a potential reversal back towards higher resistance zones.

#CATIonBinance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance