$1000CAT
/USDT: The explosive surge has subsided – will there be a further rebound?
$1000CAT made a sharp jump, soaring by 34.18% to the current price of $0.05257 after reaching a maximum of $0.07089 and a minimum of $0.03918 in the last 24 hours. After a parabolic rise, a pullback began, and the price found temporary support around $0.04922. The RSI at 43.92 indicates neutral or slightly oversold conditions, suggesting potential for a rebound.
Trading 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 pullback phase after a sharp upward movement suggests consolidation before a potential recovery. Traders should monitor price behavior near the support level of $0.04922 for signs of renewed buying pressure. A breakout above the resistance of $0.06085 could lead to another upward segment, while failure to hold support may trigger further declines. Manage your trades cautiously as volatility remains high.
