Cash Cat dropped 21% over the week, including a 14% decline in the past 24 hours, pushing its monthly drawdown to 40%. The decline was driven by a market-wide sell-off on the Robinhood Chain, a hacker stealing 3.7 million CASHCAT tokens along with Backpack and MarsCoin, and leverage amplifying the losses. Daily trading volume jumped 84% as selling pressure intensified amid weakening risk appetite. Technically, CASHCAT is trading in a falling wedge pattern, with resistance at $0.28 and support levels at $0.10, $0.08, and $0.04.
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