CASHCAT surges 15%, but sellers lurk: What are the next key levels?

Cash Cat [CASHCAT] has been on the rise in the past day, as the asset surged by 15%, a gain that came as the broader cryptocurrency market capitalization climbed within the same period. A gain of this scale often indicates growing interest and the possibility that more capital is rotating into the asset. Yet, AMBCrypto’s analysis shows that Cash Cat’s recent gain could be a bull trap, and a reversal could follow. Cash Cat rallies as volume surges Strong momentum, tracked through trading volume, has pushed Cash Cat significantly higher in the past day. Volume across the Spot and perpetual markets surged by more than 100% in the past day, crossing $63.96 million, according to CoinGlass.

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