MEW Price Prediction: Can Cat In A Dog’s Hit the Moon Next?
MEW's market cap is $744M with a $273M trading volume
$MEW teamed up with Pixelverse, featuring its cat logo in Pixelverse's Telegram stickers, notably enhancing brand exposure in Web3 gaming.
Since its launch, MEW token price has experienced significant volatility.
The #Cat In A Dogs World price has shown a bullish trend, starting a strong upward move in mid-July.
The price broke above this pattern and surged by 96% after the breakout.
The recovery turned into a breakout rally, resulting in a 127% price increase within seven days, indicating the potential for a new all-time high.
A sequence of 6 green candles triggered a bull cycle, though there are warnings of a possible bearish reversal due to overhead supply.
The $MEW token price broke above the 20-day and 50-day EMAs, leading to a golden crossover.
The RSI has reached the overbought zone, trading at a level of 82 at press time.
According to Fibonacci levels, if the MEW price closes above $0.0100, it could potentially rise to $0.0110.
According to Coin Gabbar analysis, Conversely, failure to close above 0.0100 may prompt a pullback, potentially leading to a test of $0.00650.
KEY LEVELS :
RESISTANCE LEVEL : $0.010000-$0.015000
SUPPORT LEVEL : $0.007000-$0.005000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
