Blockchain

Cat In A Dogs World Price Prediction: MEW Plummets 20% As Traders Pivot To This New SOL Meme Coin For Parabolic Gains

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The Cat In A Dogs World price plunged 20% in the last 24 hours to trade at $0.0051 as of 00:08 a.m. EST on trading volume that dropped 37% to $199 million.

This comes despite MEW gaining listings on several top-tier exchanges, the latest being OKX.

Cat In A Dogs World Price Gearing Up For A Trend Reversal Above $0.0058

MEWUSD Chart Analysis Source: Geckoterminal.com

From the beginning of the month, the Cat In A Dogs World price has been on a downtrend, finding support around $0.00178. The bulls then used this support to push the price through a markup phase to the resistance around $0.005946 before returning to the support around $0.00429.

The bulls have been able to sustain the bullish stance, with MEW trading within the confines of the bullish pennant.

MEW is trading above the 200-day Simple Moving Average (SMA), a confirmation of the bullish potential to the upside in the long term. If the bulls can sustain the bullish stance, MEW could overcome the 50-day SMA hurdle at $0.005852.

Additionally, the Relative Strength Index (RSI) is trading within the 30-oversold region, coinciding with the downtrend, but shows signs of recovery as it tries to climb up, currently at 35.

The Moving Average Convergence Divergence (MACD) is also in line with the price correction towards the lower boundary of the bullish pennant, as the signal line (orange) crosses above the moving average line (blue). The red bars on the histogram also diminish as they move towards the neutral line, indicating that MEW is poised for a trend reversal.

Cat In A Dogs World Price Prediction

The Cat In A Dogs World price analysis shows that MEW is currently on a downtrend, with signs of a trend reversal, as the bulls aim to use the bullish pennant pattern to push the price higher.

Additionally, the RSI has already crossed below the oversold levels, indicating that MEW is poised for an uptrend coming from the buys. With the golden cross at $0.003941, the bulls are aiming to overcome the $0.0070 resistance to the target of $0.0076.

However, with the MACD crossing below the neutral line, there could be intense pressure from the bears, resulting in a retrace to the $0.0043 level, coinciding with the 200-day SMA.

Meanwhile, as the MEW price gears up for a reversal, investors are sending their SOL to Slothana, a sloth-themed crypto ICO that raised $10 million in presale in less than two weeks.

Slothana Raises $10 Million In Funding – Last Chance To Buy Before Launch

Slothana (SLOTH) is gearing up to announce its official launch date after extending its presale to give interested investors a last chance to buy.

Slothana aims to emulate the success of meme coins like $SLERF, $PUMP, $PUNDU, and $BOME, which introduced a new way of launching on Solana. This new type of launch method requires no price stages, timers, or hard caps.

All that is required is to send SOL to a token address, and the team then airdrops tokens to your wallet at the end of the presale.

You can also use the widget on the official website here and specify the amount of $SOL you wish to exchange for $SLOTH. Click the ‘buy now’ button, choose your wallet, and finalize the transaction.

The team has extended the presale period, and you have slightly less than 11 days until the presale ends, making now the optimal time to buy.

99Bitcoins, a prominent crypto channel on YouTube with more than 700k subscribers, believes that $SLOTH is a presale gem that could soar 100X after launch.

To participate in the presale, buy $SLOTH on the official website here. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH.

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