CATI/USDT Technical Analysis: Bullish Momentum Is Strong**
The CATI/USDT pair has recorded a +4.98% gain in the last 24 hours, currently trading around 0.4725 USDT. The 1-hour chart shows a continuous uptrend from a low of 0.3923 USDT, peaking at 0.4796 USDT.
Key Points:
- **Resistance and Support**: The current price is approaching the resistance level of 0.4796 USDT. If it breaks out successfully, the price could resume the uptrend, aiming for higher levels around 0.4840 USDT. On the contrary, the important support level is located at 0.4520 USDT.
- **Trading Volume**: With CATI trading volume reaching 46.19M and USDT reaching 21.20M in the past 24 hours, investor interest is increasing strongly, supporting the current trend.
Recommendation:
If CATI continues to maintain its upward momentum and breaks important resistance levels, this could be an opportunity for short-term investors to seek profits. However, caution is needed and stop losses should be placed at support levels to preserve capital.
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Keep a close eye on important price levels and don't forget to consider carefully before deciding to trade
#Catizen #bianancelauchpool $CATI