Assessing Cash Cat’s 29% rally as liquidations hit $611K: What’s next?

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Cash Cat [CASHCAT] surged 29% in 24 hours to reach a new peak at $0.30, bringing its market cap to $287 million. The token ranks second among memecoins on the Robinhood Chain, behind PONS, amid a memecoin gold rush on the chain. Over $611,000 in short positions were liquidated in recent hours, including more than $377,000 in less than an hour. Bulls are defending the $0.17 level, and a break below this point could shift the market structure to bearish.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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