The Catizen price has surged 7% since since its launch two days ago even after falling 2% in the last 24 hours to trade at $0.8778 as of 10:53 p.m. EST on trading volume that plunged 53% to $432 million.
This comes after the Telegram based tap to earn game launched and airdropped 150 million tokens to users, which was a part of the gameâs Season 1 token distribution.
Trading on The Open Network (TON), CATI went live on September 20, 6:00 a.m. EST.
đ„đCatizen Price Prediction: CATI Aims For A Breakoutđđ„
Just after its launch, the Catizen price soared through a markup phase to as high as $1.09, before going through a correction.
The Catizen price is now trading within the symmetrical triangle, as the bulls aim for a breakout, according to the CATI/USDT chart on the 1-hour timeframe.
A bullish stance at this level could allow the bulls to prompt a breakout above the upper boundary, which could push the price of Catizen towards the next target at $1.10.đ
Meanwhile, the Relative Strength Index (RSI) is falling below the neutral zone towards the 30-oversold level, currently at 41.
This may be an indication that the price of Catizen is currently under intense selling pressure.
If the selling continues, the Catizen price could plunge below the lower boundary of the symmetrical triangle to fall toward the $0.70 support zone.đ„ș
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