• Simon’s Cat gains 9.98% weekly despite weak market sentiment.
• Trading volume spikes 266.18% in the last 24 hours.
• Chart structure hints at a possible bullish reversal formation.
• Key resistance at $0.00001000 could define the next breakout zone.

Simon’s Cat (CAT) is showing positive signs following the bullish sentiment in the overall crypto market. The token has maintained a stable stance over the last 24 hours while recording an impressive 9.98% surge in the past week.

At the time of writing, the token is trading at $0.000007838, accompanied by a strong 24-hour trading volume of $45.27 million. This marks a remarkable 266.18% increase, reflecting renewed trader interest. Its market capitalization has also reached $58.94 million, underlining growing confidence in the project despite uncertain conditions.

Market observers have noted that the token’s recent movements could signify a possible turning point. The price has been consolidating within a prolonged range, suggesting gradual accumulation. Despite earlier downtrends, the token has managed to stabilize, signaling early signs of renewed bullish strength in the mid-term outlook.

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CAT Chart Patterns Indicate Potential Reversal Formation

The token 3-day chart illustrates a clear transformation in structure. Following an extended decline, the price entered a consolidation phase around March 2025, forming a descending wedge. This structure often signals the end of a bearish cycle and potential for recovery. The token recently moved slightly above this wedge, indicating that selling pressure may be weakening.

The notable event on the chart is the “Generation Low Taken Out” level, which signifies a flash crash where the price went slightly below support and rebounded. This action is consistent with Wyckoff’s accumulation model, which normally occurs just before bullish reversals. The token might verify a breakout and trigger a larger ascendant move if momentum persists.

The second significant resistance is around $0.00001000. A conclusive closing above this zone can take the token towards the $0.00003000 to $0.00004500 zone, indicating the possibility for a 3x to 5x explosion. Nevertheless, confirmation from stable volume and bull sentiment is still paramount.

Technical Indicators Reflect Early Bullish Momentum

On the daily chart, the token’s Relative Strength Index (RSI) is 52.37, just above its 46.04 average. This placement reflects weak bull appeal, although the pullback over the past few days from just below 60 reflects short-term indecisiveness.

The MACD indicator is positive as the blue line moves through the orange line on or around zero it indicating a bullish crossover. The move from red to green for the histogram also verifies this possible change. Both lines, although, continue near the baseline, indicating that the trend continues to form.

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