The little cat bounced back, but it’s not its bull market!
$CATI current price is 0.053, down 0.64% in the last 24H. I’m more bearish: it hit 0.0606 on the 26th but couldn’t hold, and the pullback since then looks more like distribution after an event pulse—not the start of a trend. The contract OI fell 4.75% over the past 24 hours, but the funding fee is still positive at 0.01%, indicating no fresh capital is stepping in; the longs are still paying to keep fighting. The liquidation amount was also very small, so there’s no basis to talk about a short squeeze.
The plan is to reduce positions on the rebound and stay flat, then short again if resistance holds at 0.055–0.056. The first support is 0.0508, with stronger support and the long/short line at 0.0478; if it breaks, look to 0.044. Only if there’s a volume-backed reclaim of 0.056 can this view be invalidated and we can look at 0.0606. On Sep 20, there will be a further 3% supply unlock, so selling pressure is still there.
$CATI current price is 0.053, down 0.64% in the last 24H. I’m more bearish: it hit 0.0606 on the 26th but couldn’t hold, and the pullback since then looks more like distribution after an event pulse—not the start of a trend. The contract OI fell 4.75% over the past 24 hours, but the funding fee is still positive at 0.01%, indicating no fresh capital is stepping in; the longs are still paying to keep fighting. The liquidation amount was also very small, so there’s no basis to talk about a short squeeze.
The plan is to reduce positions on the rebound and stay flat, then short again if resistance holds at 0.055–0.056. The first support is 0.0508, with stronger support and the long/short line at 0.0478; if it breaks, look to 0.044. Only if there’s a volume-backed reclaim of 0.056 can this view be invalidated and we can look at 0.0606. On Sep 20, there will be a further 3% supply unlock, so selling pressure is still there.