I am personally not someone that likes to compare charts, or do TA on memecoins.
However, I think since we have a lot of normies here during the panic, it's worth pointing something out.
What we are seeing here is one of the most consistent patterns a chart actually goes through.
This isn't unheard of in the crypto space, yes, this retrace was violent (70M > 10M > 60M > 20M range), so overall we are looking at a common 70%ish dip.
We are in one of the most common phases any runner experiences, and that is the capitulation phase.
People panic, early holders start to take profit as they think there is no more upside, and slowly but surely, a floor will be hit, and the V upward begins.
Go look at literally any chart that has done a good run in to the hundreds of millions, this is an unavoidable pattern, it is the only pattern I care to acknowledge when trading memecoins, and I am incredibly bullish on CATE.
Perhaps I'm wrong, but I doubt it's any different this time.
(Chart used for reference is randomly picked and has no relevance to anything other than being an example)
Up richer than ever thanks to $CATE and @PoorGoat_ 😍
Stepping in to support the chart with a 200 SOL bid right at this level ( $CATE COIN TO THE MOON ) ,, Nobody believes in the power of community more than I do.
Shoutout to the legend @PoorGoat_ 🫡
TO BILLION 😤
40,000 of you on x.
Six days ago this was just a vision in my head. Today it’s a movement.
Thank you to every single person who’s believed, posted, raided, and brought a friend. This is only the beginning.
Billion. Dollar. CATE. 💛🐈
Belief is everything.
If you see this @Ga__ke, I would love for you to join the CATE community.
Coins that have been reliant on viral catalysts have experienced rapid diminishing return over the past year+
Memecoins used to be simply about community, the power that it brings when everyone has a joint conviction in sending something to literal billions.
Retail come in to this space not wanting to trench, nor gamble. They want to join a community, feel like they are a part of something, and hold at most like 3 tokens to hundreds of millions / billions.
CATE is bringing that back. Many KOLS are sidelined, many refuse to enter at these market caps, but WE believe it is still early, and WE believe that this is how to transition things back to what once were.
https://t.co/ArGl205aXs
Don't be that person who doesn't recognize a billion dollar plus memecoin.
$CATE is now at $30M+ MC, soon it will be $50M, then $100M MC, and then we will break out first billion.
Catecoin is the biggest normie memecoin since Dogecoin.
It's cat(e) szn.
CA: Ai66LHZG9MCzg1WKdawwqduVAXpNDUuV8M3uyq5ppump
$CATE has reached escape velocity.
Not in a very long time we have seen a coin with such appeal to the masses, while CT was busy dumping on each other @thecatecoinSOL built a Cult of armies who live, breathe & die CATE.
The number says it all, 17,000 Holders on @fomo out of 30,000 Total holders.
No other coin has shown the potential to be the next big thing like Doge until $CATE
CATS FLIPPING DOGS IS A “WHEN” NOT A “IF”
When the repricing happens, trust me anon you want to be on the right side of the bet.
Once a cate, always a cate. @PoorGoat_