As the crypto market enters the weekend mostly in the red, Bitcoin faces resistance and struggles to break through, dampening the impact of positive news. Leading crypto exchange OKX announced a new meme coin listing, catching the attention of investors. Though the initial price reaction was limited, the market remains attentive.
OKX to Launch Spot Trading for Simon’s Cat (CAT)
Amid ongoing crypto listing announcements, OKX revealed it will launch spot trading for the popular cat-themed meme coin, Simon’s Cat (CAT). The exchange announced CAT/USDT spot trading will start on October 25, 2024. Here’s the schedule (UK time):
- CAT Deposits Open: October 25, 12:00 PM
- CAT Call Auction: October 25, 4:00 PM – 5:00 PM
- CAT/USDT Spot Trading Begins: October 25, 5:00 PM
- CAT Withdrawals Available: October 26, 6:00 PM
Following the announcement, CAT’s price jumped from $0.000038 to $0.00004161 before cooling. As of this writing, CAT was trading at $0.00004121, down 1.27% on the day, with a 38% drop in trading volume indicating tepid interest from traders.
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CAT’s Key Technical Levels to Watch
Crypto analyst Aaryamann Shrivastava recently reviewed CAT’s technical setup, noting the meme coin achieved a near all-time high of $0.00004650 during the week. This strong performance has fueled optimism, attracting interest from investors as CAT rose by 57% over the week. Currently, CAT aims to solidify a new support level at $0.00004063, which could support its attempt to reach new highs. However, if it fails to maintain this level, a drop to $0.00003410 could be possible, potentially impacting investor sentiment.
Binance Adds Perpetual Contract for Simon’s Cat
Following OKX’s announcement, Binance introduced a 1000CATUSDT perpetual contract, further boosting trader excitement and lifting CAT above $0.000040. This listing allows traders to leverage positions up to 75x, expanding trading strategies and drawing increased interest in the cat-themed meme coin.
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