memecoin CASHCAT dropped 12% in one day, bringing its market capitalization to $112.31 million. The asset failed to hold the $0.15 support level and could slide to $0.08, representing an additional loss of approximately 25%. The Bull Bear Power indicator recorded its most bearish bar in 29 days, while the Accumulation/Distribution remains in negative territory, confirming persistent selling pressure. However, the funding rate at 0.0032% indicates that long positions still dominate the perpetual futures market, with $43.95 million concentrated on the buy side, leaving room for a potential rebound.
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