1000CAT during 20251009 18:00 UTC

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1000CAT has experienced a significant price drop over the past 24 hours, in contrast to the strong optimism of the community. Here's why:

1. The downward price trend: The token has seen a significant price drop of approximately 9.3% over the past day, driven by bearish technical signals and large outflows from major holders.

2. Community optimism: Despite recent price movements, community sentiment remains overwhelmingly bullish, with many expecting continued upward movement and setting ambitious price targets.

3. RSI rebound: The recent bounce in the 6-hour RSI from oversold levels suggests a potential price recovery in the short term.

Positives

1. Community optimism: Recent community discussions are very positive, highlighting 'bullish breakouts' and 'massive momentum', expecting more 'explosive moves' with price targets reaching 0.0112.

2. RSI rebound: The Relative Strength Index (RSI) has bounced from an oversold level of 18.00 to 41.98 in the last hours, indicating a potential short-term recovery or bounce.

3. Inflow: The latest hourly cash flow data shows a total inflow of 53,466.69 USD, which may indicate renewed buying interest after a period of outflows.

Risks

1. Price drop: The token price has decreased by approximately 9.3% in the last 24 hours, falling from 0.00893 to 0.00810, reflecting significant selling pressure.

2. Bearish technicals: The 7-period Exponential Moving Average (EMA) is below the 25-period and 99-period EMA, while the MACD line is below the signal line, both indicating a bearish trend.

3. Large outflows: Significant outflows from major players, including 210,227 USDT and 148,327 USDT, have contributed to the recent downward trend, indicating continued selling by major holders.

Community sentiment

1. Bullish dominance: The community expresses strong bullish sentiments, pointing to 'bullish breakouts' and 'huge increases in volume', expecting more 'explosive' price movements with targets reaching 0.0112.

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