CASHCAT has surpassed the 0.2 USD mark and rose 53% in 24 hours to an all-time high of 0.237 USD. The rally has shifted the value of a large whale holding from unrealized losses to unrealized gains.
Trading volume, market capitalization, and activity in the derivatives market all surged as well. However, technical data also indicates that CASHCAT is in a zone with high buy pressure.
MAIN CONTENT
CASHCAT has risen to 0.237 USD, while the most recent stated trading price is 0.2228 USD.
A whale is holding 13.64 million CASHCAT, worth 2.82 million USD, and has an unrealized profit of 1.3 million USD.
Derivatives trading volume increases by 299%, while Open Interest rises by 96.64%.
RSI reaches 71 and the Long/Short ratio rises to 1.016, reflecting a trend leaning toward long positions.
CASHCAT surges, reaching a market cap of 223 million USD
CASHCAT is up 53% in 24 hours and hits the all-time high of 0.237 USD, while the trading price is recorded at around 0.2228 USD.
Trading volume increases by 115%, to 95.5 million USD. Market capitalization also rises by 53%, reaching 223 million USD. The simultaneous increase in price, volume, and market cap indicates that trading activity has expanded significantly during this period.
Price Volatility Recorded Index Trading price: 0.2228 USD Up 53% in 24 hours All-time high: 0.237 USD Breaks above 0.2 USD Trading volume: 95.5 million USD Up 115% Market cap: 223 million USD Up 53%
The whale’s holdings have shifted to a profitable status
A whale has returned to profit after spending 1.49 million USD to buy 13.64 million CASHCAT, according to data shared by Lookonchain.
At the current price, this amount of CASHCAT is worth about 2.82 million USD, equivalent to an unrealized profit of 1.3 million USD. Available data does not show that the whale has sold part or all of these tokens.
Spot and derivatives buying power both increase
CASHCAT’s uptrend is supported by buy pressure dominating the spot market and heightened speculative activity in the derivatives market.
For four consecutive days, the buying volume on the spot market is higher than the selling volume. In 24 hours, buy volume reached 39.8 million USD versus 35.3 million USD on the sell side, creating a buy-sell gap of 4.5 million USD.
Source: Coinalyze
In the derivatives market, Open Interest increases by 96.64% to 60.14 million USD, while trading volume rises by 299% to 232 million USD. Both Open Interest and volume rising suggest that many new positions are being opened, but this data alone does not determine the next direction of the price.
Source: CoinGlass
The Long/Short ratio rises to 1.016, higher than the 1 threshold. This indicates that the number of long positions is greater than the number of short positions in the stated data.
RSI and MACD confirm upward momentum, but they also reflect a hot zone.
CASHCAT still maintains upward momentum as RSI reaches 71 and MACD rises to 0.0096.
RSI forms a bullish crossover and breaks above the 70 threshold, reflecting strong buying power in the short term. MACD continues to reinforce positive momentum signals, but these indicators do not guarantee that the price will keep rising.
Source: TradingView
Price milestones that may shape the next developments
The ability of CASHCAT to maintain its uptrend depends on whether the price can hold the 0.22 USD level on a daily closing basis.
If demand continues to hold, CASHCAT may retest the nearby all-time high around 0.23 USD and target 0.25 USD in the short term. Conversely, profit-taking activity, especially from whales with unrealized gains, could push the price down to 0.16 USD.
Frequently asked questions
How much has CASHCAT increased in 24 hours?
CASHCAT is up 53% in 24 hours and hits the all-time high of 0.237 USD.
What is the current value of the CASHCAT whale holding?
13.64 million CASHCAT held by the whale is valued at approximately 2.82 million USD, with an unrealized profit of 1.3 million USD.
How did CASHCAT derivatives trading volume change?
CASHCAT’s derivatives trading volume increases by 299%, to 232 million USD, while Open Interest rises by 96.64% to 60.14 million USD.
Which price levels are being monitored?
The 0.22 USD zone is the level that needs to be maintained on a daily closing basis. The next levels mentioned are 0.23 USD, 0.25 USD, and a lower support area at 0.16 USD.
Summary
CASHCAT surged alongside rising spot volume, derivatives trading, and Open Interest. A whale has switched to a profitable status, while the 0.22 USD and 0.16 USD levels are highlighted as areas to watch in the next scenarios.
Source: https://tintucbitcoin.com/cashcat-tang-53-lap-ath-moi-phe-bo-co-giu-vung-da-tang/
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