**CASH CAT...OR CREDIT CAT??? Is This Kitty Running Out of Cash?** I'm still browsing around looking at some of these major crypto projects that are struggling right now, and I'm seeing the SAME thing over and over again. Everybody's wondering why the crypto market is having so much trouble. Well, take a look at this! This is robinhood:0x020bfc650a365f8bb26819deaabf3e21291018b4 on the Daily chart. Or maybe we should call it CREDIT CAT, because at this rate somebody might need to break out a credit card! This baby launched from under $1M market cap and exploded to over $200M, only to come crashing back down around $35M within days. Then came another HUGE run to over $300M! But here's where the trouble started. We got a Daily Break of Structure DOWN, followed by a fake-out rally back toward $240M that was REJECTED HARD! Since then, this thing has been falling right back toward its Daily Demand Source. Now we're sitting around $96M, and the level I'm watching is $82M. This is an INTERNAL Daily Demand Source, and after a major Daily structural break like this, I don't have a whole lot of confidence in that area holding. It's possible, but the larger structure is telling me to be cautious. If we get a Daily candle CLOSE below $82M, my next target is the TRUE Daily Demand Source around $35M to $50M. And THAT is where we're going to find out whether this cat has nine lives or whether it was just another overhyped meme coin running on excitement! So if you're still holding big bags of robinhood:0x020bfc650a365f8bb26819deaabf3e21291018b4, pay close attention to that $82M level. Because if it breaks, you might want to put the CASH away and get ready for CREDIT CAT! NOTE: Zooming out to the Weekly Chart, there is a small weekly FVG around $65MM - $70MM that could provide support to push this back up if it slips below $82MM. To invalidate what I see from here, we would need to see this current zone hold and a strong push back up and recover ~$222MM with a daily close above it. That's a BIG stretch from here. More likely is if it holds here, we would see another attempt back up to ~$183MM to allow one final time or profit taking before that gets rejected. @cashcat_token and community, I would LOVE to get your comments, thoughts, etc. Trade what you SEE. Not what you THINK. #CASHCAT #Crypto #MemeCoins #PriceAction
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$CASHCATStamped with the block it was said at, and the coin's price right then. It can't be moved later. at block100,605,954market cap then$95.38Mnow−3.8%best1.12×1h+0.4%24h−4.6%- price read from Uniswap v3 pool 0xa70fc6…e313 at block 100605954
- ETH priced in USDG at Uniswap v3 pool 0x52e65b…71ca
- 12,267,664 CASHCAT at burn addresses not counted in supply