In the past 24 hours, Catizen ($CATI) coin has seen a sharp decline of 14%, with its current price sitting at $0.7596. This price dip has coincided with a significant 20% drop in trading volume, now down to $318 million. Like other meme coins, such as DOGS, CATI has struggled to maintain upward momentum following its launch.

Since its debut on September 20, Catizen has been on a downward trajectory, consistently losing ground within a falling wedge pattern. After reaching an early high of $1.2, the token has steadily declined to its current support level at $0.73.

Price Chart Breakdown!!

As per data from GeckoTerminal.com, CATI is currently trading below its 50-day Simple Moving Average (SMA) of $0.8567, reinforcing the bearish sentiment surrounding the coin. Furthermore, a descending triangle pattern has begun to form on the price chart, typically viewed as a bearish signal. This pattern indicates price compression between a flat support line at $0.73 and a declining resistance line, suggesting further downward pressure.

The question remains: will Catizen recover from this slump, or will the downtrend continue? Investors are watching closely as the token's price action continues to unfold.

#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance $CATI