Memecoin CASHCAT surged 36%, joining the top gaming assets despite a market environment generally unfavorable to memecoins. The investor sentiment indicator shows a score of 6 out of 10, confirming a bullish outlook as flows into perpetual contracts reached $8.86 million over 24 hours, with a netflow of $360,700. The funding rate sharply increased from 0.0080% to 0.0630% in one day, reflecting significant concentration in long positions. The Bollinger Bands indicate that the price is trading in an overvalued zone, with a potential pullback toward $0.15 or $0.067. Nevertheless, bull power reached its highest level in three consecutive days, supporting the current momentum of the token.
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