Cate Price Prediction: CATE Plummets 22% As Analyst Says This New SHIB 2.0 Presale Could ”Make Millionaires”

The
Cate
price
has
plummeted
22%
in
the
last
24
hours

to
trade
at
$0.01907
as
of 
3:20
a.m.
EST
on
a
30%
surge
in
trading
volume
to
$19
million.

Cate
Price
Signals
A
Bullish
Rebound

The
Cate
price
chart
indicates
a
rounded
top,
which
is
a
bearish
reversal
signal.
It
shows
a
gradual
shift
from
buying
to
selling
pressure.

The
price
peaked
at
around
$0.050
before
gradually
declining,
signaling
weakening
momentum.
However,
the
presence
of
a
double
bottom
around
$0.01847
suggests
the
possibility
of
a
bullish
reversal.

This
level
has
been
tested
twice
and
has
held,
implying
that
if
prices
remain
above
it,
a
rebound
could
be
likely.

CATEUSD
Analysis
Source:
Dextools.io

Technical
Indicators
Signal
Potential
Further
Declines

Currently,
the
price
is
trading
below
both
the
50-period
moving
average
(SMA
50)
at
$0.02153
and
the
200-period
moving
average
(SMA
200),
confirming
both
short-term
and
long-term
downtrends.

The
downward
slope
of
the
MA
50
further
supports
the
bearish
sentiment.

The
MACD
(12,
26,
close,
9)
analysis
reinforces
this
sentiment.
The
MACD
line
at
-0.00065172
sits
below
the
signal
line
at
-0.00031602,
indicating
prevailing
bearish
momentum.

The
negative
histogram
also
suggests
that
selling
pressure
is
increasing,
and
without
a
crossover
of
the
MACD
above
the
signal
line,
the
downtrend
is
likely
to
continue.

The
Relative
Strength
Index
(RSI
14)
is
currently
at
43.45,
signaling
market
weakness,
though
not
yet
in
the
30
oversold
territory.
This
reflects
some
indecision
in
the
market
but
does
not
suggest
an
immediate
buying
opportunity.
However,
if
the
RSI
were
to
drop
below
30,
it
could
indicate
oversold
conditions
and
potentially
attract
buyers
for
the
Cate
price.

Cate
Price
Prediction

The
technical
indicators,
especially
the
MACD
and
moving
averages,
currently
lean
towards
further
downside
unless
bullish
momentum
develops.

There
is
a
significant
downside
risk
if
the
price
breaks
below
the
$0.01847
support
level,
with
potential
declines
toward
$0.015.

On
the
flip
side,
if
the
support
holds,
the
price
could
rally
to
$0.02153
(the
50-period
moving
average)
or
even
higher,
potentially
targeting
$0.025
depending
on
the
strength
of
the
bullish
momentum.

Shiba
Shootout
Presale
Rockets
Past
$1.1
Million
–
Next
Crypto
To
Explode?

Meanwhile,
YouTuber
ClayBro,
with
more
than
130k
subscribers,
says
the

Shiba
Shootout
(SHIBASHOOT)
presale
”could
make
millionaires”
after
its
launch.

Shiba
Shootout
features
a
P2E
game
that
is
available
on
Google
Play
and
the
App
Store,
allowing
early
supporters
to
explore
its
concept.
A
big
upgrade
is
in
the
works
and
will
come
soon.

Set
in
the
fictional
town
of
Shiba
Gulch,
the
game
immerses
players
in
gunfights
between
Shiba
Inu-themed
cowboys.
Players
can
earn
SHIBASHOOT
tokens
and
enjoy
dynamic
gameplay
along
the
way.

The
game
also
includes
a
”Posse
Rewards”
referral
program
that
enables
users
to
recruit
new
members
and
earn
tokens
for
themselves
and
their
recruits.

$SHIBASHOOT
isn’t
your
average
memecoin.
????

It
combines
innovation
and
strategy
with
a
Wild
West
theme.
????

Join
us
for
fun
events
and
a
clear
path
to
value!
????

pic.twitter.com/JW1vRcBbu1

—
shibashootout
(@shibashootout)

August
26,
2024

Shiba
Shootout
operates
with
a
DAO-like
system
featuring
Token
Governance
Roundups
where
all
SHIBASHOOT
holders
can
vote
on
important
project
decisions.

Apart
from
P2E
crypto
gaming,
$SHIBASHOOT
holders
can
also
earn
passively
through
the
platform’s
staking
mechanism,
which
offers
851%
in
annual
rewards.
Holders
have
already
staked
over
38
million
$SHIBASHOOT
tokens.

SHIBASHOOT
tokens
sell
for
$0.0202
each
right
now.
If
you
would
like
to
join
investors
who
have
already
pumped
more
than
$1.1
million
into
the
project,
buy
before
a
price
increase
in
less
than
3
days
to
secure
the
best
deal.

Buy
SHIBASHOOT
tokens
on
the
official
website
here using
ETH,
BNB,
USDT,
or
a
bank
card.

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