Skicat Meme Coin Surges 50% Amid Alt Season Rally

Skicat, a meme coin, has experienced a significant rally this week, following a pullback at the beginning of the month. The coin found support near the $0.00065 level and resumed buying amid a parabolic price movement. This rally is part of a broader alt season, where meme coins have gained the spotlight in recent weeks. Base projects like Toshi, Ponke, and Skicat have stolen the show during yesterday’s rally, with Skicat increasing by over 50% in a single day.

However, Skicat's momentum has weakened after facing multiple rejections under the $0.00195 level. The buying pressure has stopped, and the coin is now changing hands at around $0.00113. A further daily rejection could bring more setbacks in the market, with a potential reset to the bottom.

Despite the recent weakness, bullish speculations and sentiments surrounding the market suggest that a break up is imminent. Most Base projects have displayed a bullish pattern in the last couple of days, and Skicat is likely to follow a similar pattern soon.

Skicat is still poised for a major bullish rally, but following the latest rejection, it is now facing down. While there’s support at $0.0065, a drop below it could slip the price to the $0.003 level. The next support level to watch for drops is $0.00016. A resurge above the critical $0.00195 resistance level could trigger a big rally to the $0.00405 and $0.0091 resistance, where a major trend shift is likely to take place.

Key resistance levels to watch are $0.00195, $0.00405, and $0.0091. Key support levels are $0.0065, $0.003, and $0.0016. The current spot price is $0.0011, and the trend is bullish. However, it is important to note that this is not trading or investment advice, and one should always do their own research before buying any cryptocurrency or investing in any services.