The CASHCAT memecoin rose 11% in 24 hours as the total crypto market capitalization reached $2.61 trillion. Growing trader interest in perpetual markets is reflected in a positive funding rate of 0.0432% and open interest of $50.77 million, including an additional $9.23 million over the past day. More than 51% of trading volume came from long positions, with buying activity dominating on Bybit, Gate, and Hyperliquid. Technical indicators point to bullish momentum, but the $0.122 level represents resistance that could limit further gains.
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