Catizen AI has officially announced the launch of the CATI-PERP market for trading on Coinbase International Exchange and Coinbase Advanced. Trading of Catizen coin will commence after 9:30 AM UTC on September 26.
The introduction of CATI-PERP perpetual futures will provide traders with a new option for trading Catizen’s native token, $CATI. Perpetual futures allow traders to speculate on the price of an asset without actually owning it. Unlike traditional futures, perpetual contracts have no expiration date, offering greater flexibility for trading.
In addition to the listing of CATI perpetual futures on Coinbase, Catizen has also listed its token on Binance Futures. As part of this, the platform has launched the “Futures Trading Carnival,” where participants have the chance to win a share of 50,000 CATI tokens.
Furthermore, the Catizen team has partnered with Binance Web3 and Mantle to launch an airdrop campaign. This initiative has provided rewards exceeding $300,000 through Fish Coins and $MNT tokens.
Following the announcement of Catizen PERP-future trading on Coinbase Exchange, the price of Catizen coin ($CATI) experienced an immediate surge, increasing by over 7% to reach $0.8368.
However, as is often the case with highly volatile assets, these gains were short-lived. The price quickly dropped back to $0.80, and at the time of writing, $CATI is up by 0.6%, trading at $0.79.
An RSI reading of 49.65 suggests that the market is currently in a neutral state, neither overbought nor oversold. This neutrality indicates that the token is consolidating, with no strong directional bias from buyers or sellers. In this scenario, the CATI price appears to be stabilizing around the $0.79 level.
The current RSI level indicates that while there is no overwhelming buying pressure, there is also no significant selling pressure. This suggests that the market may be waiting for further developments, such as the September 26 launch of perpetual futures, before making a decisive move in either direction.
If the RSI rises above 70, it would indicate that CATI is entering overbought territory, which could trigger a price correction. Conversely, if the RSI drops below 30, it would signal an oversold condition, suggesting that the token may be undervalued and could be due for a rebound.