Alright, let's figure out why Simon's Cat (#CAT) has risen by 52.75% over the past 24 hours.

Firstly, it is worth paying attention to the news. Several sources mention the ticker change on the Bybit exchange. On July 23, 2025, the ticker was changed from CATBNB to #CAT. This recent event could have been a catalyst for growth. A ticker change often increases recognition and trading activity.

Next, let's look at the price and volume data. The trading volume over the past 24 hours has increased by 1577.24% — this is a very significant jump. Typically, such an increase in volumes is associated with important news or events. The market capitalization has also increased by more than 50%, indicating not only a price increase but also a general rise in interest in the coin.

Technical analysis shows that the RSI for 7 days is 67.29, and for 14 days — 62.18. This means that the coin is approaching the overbought zone but has not yet reached it. The MACD histogram is slightly negative; however, the moving averages are below the current price, indicating a bullish market sentiment. Fibonacci levels show that the price is above the 50% retracement mark, which may indicate the strength of the trend.

The news from CoinMarketCap with a price forecast from May 2025 is already outdated. The main factor, it seems, was the ticker change to Bybit on July 23. In addition, the activity in the project's social media, which highlights this change, may have attracted the attention of retail investors. Meme coins often react to such events.

As for the market context: Bitcoin's dominance is 60%, the altcoin season index is 42, which is neutral. The overall cryptocurrency market has grown by 0.73% over the day, so the rise of CAT significantly outpaces the market. The fear and greed index is at 67 (greed), which encourages risky investments and is favorable for meme coins.

Tokenomics: despite the high volume of circulation, the sharp increase in trading volumes indicates an influx of new funds. The simplification of the ticker may have made it easier to find and trade CAT, which increased liquidity.

As a result, the main driver of growth was the ticker change to Bybit, which increased visibility and trading activity. Supporting factors include social media activity and a favorable market sentiment. Technical analysis confirms a bullish trend with a high RSI and volumes.

TLDR

The rise of Simon's Cat (CAT) by 52.75% over 24 hours is mainly due to the ticker change on the Bybit exchange, which attracted traders' attention and increased trading activity. Additional support came from positive signals from technical analysis and a favorable market background.