$CATI /USDT: Intraday Reversal ❗Bounce in Progress or Just a Breather❓☀️
On the 15-minute chart, #CATI has been in a tight swing trade, dropping from around $0.1145 down to $0.1012 before staging a sharp bounce. Here’s a quick breakdown:
Support Test & Reaction:
After a string of red candles drove price to $0.1012, buyers stepped in decisively forming a strong green candle that marked the low of the move and kicked off the rebound.
Reversal Candles:
The subsequent succession of green candles shows renewed buying interest and suggests short-term sentiment has flipped from bearish to cautious bullish.
Key Intraday Levels:
Support: $0.1012 (recent swing low)
Resistance: $0.1093 (near-term ceiling) and $0.1145 (prior high)
Volume Check:
While 24-hour volume sits at 238M CATI (24.6M USDT), intraday strength hinges on whether the bounce candles were met with above-average buying volume. That confirms conviction behind this move.
Potential Scenarios:
1. Continued Rally: A sustained volume-backed push through $0.1093 could see CATI probing $0.1145 again.
2. Range Consolidation: Price may hover between $0.1012–$0.1093 as traders digest the move and decide on direction.
3. Failed Bounce & Retest: If buying volume wanes or sellers defend the $0.1093–$0.1145 zone, CATI could slip back toward $0.1012 for another support test.