In the last month, Cat in a Dogs World [MEW] has been on a steady upward trajectory in its pricing.<\/p>\n
Starting from a low of $0.0045, MEW has followed an upward trendline, maintaining a robust upward momentum. Presently, MEW is being traded at $0.009561, marking a 3.81% increase in the last 24 hours.<\/p>\n
Furthermore, the memecoin has witnessed a significant surge of 49.70% in the monthly timeframe, complemented by a 10.14% uptick in the weekly charts. This surge has positioned MEW as one of the prominent memecoins on the Solana network.<\/p>\n
Comparatively, in the last day, MEW has outperformed dogwifhat [WIF], which saw a decrease of 0.5%. Additionally, MEW has fared better than POPCAT, BOME, and BONK, with respective increases of 0.6%, 1.7%, and 3.1%. However, GOAT managed to outshine MEW with a 6.8% increase in the past day, while MEW continues to outperform most major Solana-based memecoins.<\/p>\n
Despite the recent surge, MEW is still approximately 17.29% below its all-time high of $0.01159 achieved two weeks ago.<\/p>\n
Considering the significant uptrend, the pertinent question arises: Is MEW approaching a new resistance level, or is it a temporary correction before a potential downtrend?<\/p>\n
An evaluation by CryptoCrypto indicates that the downtrend of MEW, which initiated from $0.011 and descended to $0.007, is losing momentum.<\/p>\n
Consequently, an upward trend is emerging and gaining strength.<\/p>\n
The evidence lies in the decreased ADX of MEW from 53 to 39 and a rise in +DI from 22 to 25. Additionally, MEW’s Relative Strength Index (RSI) has surged from 44 to 55 over the past three days, indicating escalating buying pressure.<\/p>\n
Moreover, the Spot netflow has turned negative in the last two days, indicating more tokens are leaving exchanges than entering them.<\/p>\n
This trend signifies that investors are transferring their assets to cold wallets in anticipation of future price increases.<\/p>\n
Lastly, the Long\/Short ratio of MEW on hourly charts shows a dominance of long positions, indicating investors’ anticipation of short-term gains.<\/p>\n
Given the positive market sentiment and the strong upward momentum observed in MEW, along with increasing buying pressure, the memecoin stands a chance to further appreciate in value.<\/p>\n
Hence, if the current market conditions persist, MEW could potentially aim for the $0.11 resistance level.<\/p>\n
A successful breakthrough at this point could pave the way for MEW to reach a new all-time high.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the last month, Cat in a Dogs World [MEW] has been on a steady upward trajectory in its pricing. Starting from a low of $0.0045, MEW has followed an upward trendline, maintaining a robust upward momentum. Presently, MEW is being traded at $0.009561, marking a 3.81% increase in the last 24 hours. Furthermore, the<\/p>\n","protected":false},"author":1,"featured_media":30311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-30309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/30309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/comments?post=30309"}],"version-history":[{"count":2,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/30309\/revisions"}],"predecessor-version":[{"id":30315,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/30309\/revisions\/30315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media\/30311"}],"wp:attachment":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media?parent=30309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/categories?post=30309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/tags?post=30309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}