CashCat Price Drops 30%, But Support Level Historically Triggers Rebounds

CashCat's price has plummeted by around 30% in the past 24 hours, following capital shrinkage across the broader cryptocurrency market.

The asset breached a structural horizontal resistance line, causing its price to drop. However, this decline has led it to trade into the support level of a rising bullish channel.

Historically, this same support level has triggered rallies on multiple occasions, suggesting that a rebound is possible if the fractal pattern continues.