- The price of the Katt Daddy crypto is down by more than 95%.
- KATT has high liquidity based on its market cap.
Katt Daddy memecoin blends entertainment and activism by satirically targeting Hollywood corruption through its fictional hero, Katt Daddy, who champions traditional masculinity. With a fixed supply of one billion tokens, it plans liquidity provision, centralized exchange listings, and NFT releases to engage the community and amplify its message.
![Daddy](https://themarketperiodical.com/wp-content/uploads/2024/06/image-201.png)
The fear and greed index for the Katt Daddy crypto is at 74, highlighting greed among the investors. Despite this, the price volatility of the crypto is 35.92% amid uncertain moves on the charts.
The crypto is built on Base Chain platform and the volume/market cap ratio of the crypto is 13.57% which shows good liquidity in the price. The value of the traded volume for the crypto is up by 297% in just the last 24 hours.
However, the self-reporting circulating supply of the Katt Daddy is 1.0B KATT which is similar to its total supply and the maximum supply. This further results in a fully diluted market cap of $1.54 Million.
Katty Daddy has a total of 25,000 holders and the top 10% of the holders of the crypto have 15.40% of the supply. Also, the largest holder of the crypto holds 2.01% of the total supply (20.046M KATT).
KATT Crypto Technical Analysis
KATT crypto has been declining with strong momentum for a long time, which led to the formation of a falling wedge pattern on the 4H chart.
![Daddy](https://themarketperiodical.com/wp-content/uploads/2024/06/image-202-1024x456.png)
KATT has witnessed strong profit booking, which led to a decline of 74% in the trading price of the crypto from the swing high of $0.0059. This shows the strong dominance of sellers.
However, the price of the crypto is under strong selling pressure. It is trading inside a falling wedge pattern; if the crypto breaks above the pattern and sustains above the same, a surge in the price of the crypto to the highs of the wedge pattern is likely.
KATT/USD Chart by TradingView
KATT price is trading below the 50-day and the 200-day EMAs, which are trading in a death cross. This shows a strong existing downtrend in the price indicating the possibility of further decline in the trading price of the crypto.
The MACD and the signal line overlapped while both metrics were in the negative trajectory.
The RSI has also sustained below the 50-level and has overlapped the 14-day SMA which again shows weakness and uncertainty in the price of the crypto.
Summary
Katt Daddy crypto, known for satirizing Hollywood corruption, has seen its price plummet over 95%.
Despite high liquidity and rising trading volume, the crypto faces significant volatility and selling pressure. Technical indicators suggest a continuing downtrend, and while a falling wedge pattern offers potential for recovery, uncertainty remains high.
The support levels for the KATT crypto are $0.0005 and $0.00110 followed by the resistance levels of $0.00260 and $0.00450.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.