Technical analysis by Ugo69 about Symbol CAT: Buy recommendation (9/14/2024)

On the 4H chart, the price is moving within an ascending channel. It has tested the upper boundary several times, suggesting a potential breakout to the upside. The RSI is currently around 66, indicating that there is still room for further growth. If the price breaks above the resistance level at 0.0000346 USDT, we could see a quick rise toward the target level of 0.0000652 USDT. The stop-loss is placed below the support at 0.0000308 USDT. If this support is lost, the price could drop to the next support level at 0.0000263 USDT.