Simon's Cat Hits 100K Followers, Ranking Top 3 on Binance Square

Simon’s Cat, the playful, cat-themed crypto project, just reached an incredible milestone: 100,000 followers on Binance Square! Now among the top three most-followed projects on the platform, this quirky token has truly captured the community’s attention. 

Simon's Cat Price Shows Signs of Recovery

On October 20, Simon's Cat entered a bullish phase. Buyers drove the token up from a strong support level at $0.00002318. After hitting resistance at $0.00004464, however, CAT’s price fell, creating a rounded top—a common pattern hinting at potential decline. 

But the token recently bounced back from $0.00002688, signaling a possible invalidation of that pattern. Currently, CAT trades below both the 50-day and 200-day Simple Moving Averages (SMAs). 

The 200-day SMA, now at $0.000033019, marks the next significant resistance level. Breaking through could pave the way for a promising price climb.

Key Levels and Indicators to Watch

Adding more intrigue, the Relative Strength Index (RSI) has rebounded from the neutral level, sitting at 44, which may confirm a bullish shift. If momentum builds, bulls could aim for a surge toward $0.000045, the next price target.

Caution remains essential, though, as a fair value gap (FVG) has formed around $0.000025. If a short-term correction occurs, this FVG area could become a support level for CAT.

With Simon’s Cat ranked among the top projects on Binance Square, excitement continues to grow. Whether CAT sustains this momentum depends on a delicate balance between support and resistance levels. For now, Simon’s Cat seems ready to pounce on a new trend.