CASHCAT Jumps 15% on $63.96M Volume, but Indicators Point to a Bull Trap
- —CASHCAT gained 15% in 24 hours as trading volume more than doubled to $63.96 million
- —Upside targets sit at $0.12, $0.16 and $0.19, where resistance may cap the rally
- —The Aroon Down line sits above Aroon Up and the MFI has dropped into its bearish 20–50 zone
- —Perpetual netflow is negative at -$548,260 despite a positive funding rate
Why it matters: A volume-driven rally without indicator confirmation raises the risk of a sharp pullback for CASHCAT holders.
Source: AMBCrypto