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The KIKICat worth soared 33% within the final 24 hours to commerce at $0.02423 as of 11:26 p.m. EST on buying and selling quantity that rose 17% to $4.39 million.
KIKICat Worth Goals For A Breakout
The KIKI worth evaluation on the 1-hour timeframe reveals a transparent downtrend main into the formation of a symmetrical triangle sample. Symmetrical triangles typically characterize intervals of consolidation, and the present worth is nearing the triangle’s apex, signaling {that a} breakout could also be imminent.
The 50-day Easy Transferring Common (SMA) is considerably under the 200-day MA, indicating a bearish market construction, recognized as a “dying cross,” based on GeckoTerminal information.
Nevertheless, the KIKICat worth has lately been buying and selling above the decrease boundary of the triangle, displaying some shopping for stress. Resistance is seen alongside the descending higher trendline, with the worth at the moment testing it.
The RSI is at the moment at 54.47, which locations it in impartial territory, barely above the midpoint. This means there’s neither overbought nor oversold stress in the intervening time. A rising RSI above 60 may point out a strengthening bullish momentum.
In the meantime, the Transferring Common Convergence Divergence (MACD) line has lately crossed above the sign line, forming a bullish crossover.
Nevertheless, the histogram bars stay small, displaying weak momentum. This means that whereas patrons try and push KIKI increased, they lack adequate energy for a major upward transfer.
KIKI Worth Prediction
The symmetrical triangle sample suggests {that a} breakout is prone to happen quickly because the KIKICat worth nears the apex. If the breakout is upward, the primary resistance to observe is the 50-day SMA at round $0.028, adopted by psychological and technical resistance at $0.030. A confirmed breakout may goal the following main resistance stage at $0.036 (200-day SMA).
Conversely, if the worth of KIKICat breaks downward, rapid assist lies at $0.020. A drop under this stage may result in additional declines towards the latest low of $0.015.
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Associated Information
Catslap (SLAP) – New Cat Meme Coin On Ethereum
- Listed on MEXC
- Featured on Cointelegraph
- Trending on CoinGecko, DEXTools
- 10,000+ Holders
- Slap To Earn Utility
- Token Burns
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