Cat In A Canine World Value Prediction: MEW Pumps 4% As This DOGE 2.0 Rival Hurtles Previous $5.8 Million - Subsequent Crypto To Explode?

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The Cat In A Canine World value surged 4% within the final 24 hours to commerce for $0.007576 as of 03:50 a.m. EST on buying and selling quantity that plunged 12%.

It comes as markets stay in a lull, with the Bitcoin value down 0.65%.

Crypto costs stay on edge with Bitcoin at $66,800 and altcoins barely up. Keep watch over Poodlana, Mom Iggy, and Cat in a Canine World! 🚀 #CryptoMarket #Bitcoin
— Development-Route.com (@Trend_Direction) July 23, 2024

Some ascribe the surge within the Cat In A Canine World value to Korean merchants because the cat-themed token rose throughout the Asian session.

$MEW huge breakout 🚀
Koreans are bidding exhausting on $MEW
$1B is coming quickly for MEW. pic.twitter.com/fUwkAbva2l
— Ted (@TedPillows) July 22, 2024

Cat In A Canine World Value Prediction

The Cat In A Canine World value is buying and selling with a bullish bias after a robust transfer north beginning in mid-July. It continues to carry above the 23.6% Fibonacci retracement stage of $0.007530, with prospects for extra features.

Wanting on the Relative Energy Index (RSI), which continues to carry effectively above the imply stage of fifty%, bullish momentum abounds. The Shifting Common Convergence Divergence (MACD) can also be effectively above its sign line (orange band), pointing to sturdy shopping for stress relative to vendor momentum. Its histogram bars are additionally flashing inexperienced, signifying sturdy bullish sentiment within the MEW market.

With this, the Cat In A Canine World value may lengthen the climb, reclaiming the height of $0.009290. In a extremely bullish case, it may clear this native high, extending the climb to the vary excessive of $0.010467, final examined on March 31.

GeckoTerminal: MEW/USD 1-day chart

Conversely, contemplating the RSI place above 70, at 77, the MEW token is already massively overbought. Whereas a pullback or correction appears imminent, the cat-themed token might not be ripe for promoting simply but.

In accordance with Welles Wilder, a technical evaluation, an asset is taken into account ripe for promoting when the RSI crosses beneath the edge of 70.

Based mostly on the Fibonacci indicator, a drop may ship the Cat in a Canine World value may retrace the 38.2% Fibonacci retracement stage of $0.006441. An prolonged drop may ship the MEW value to the 50% Fibonacci placeholder of $0.005562. Nonetheless, the bullish thesis would solely be invalidated upon a break and shut beneath the $0.003000 psychological stage.

In the meantime, Crypto YouTuber Jacob Bury says buyers may contemplate diversifying into the Dogecoin spinoff presale PlayDoge (PLAY) for 10X potential features after it launches.

Promising Various To Cat In A Canine World

PLAY is the powering token for the PlayDoge ecosystem, a mission that claims it’s one of the best play-to-earn (P2E) DOGE companion recreation. It’s a mobile-based P2E recreation that transforms the long-lasting Doge meme right into a Tamagotchi-style digital pet.

Ecosystem members play by means of basic 8-bit side-scrolling adventures whereas embracing 90s nostalgia to earn crypto. You take pleasure in financial incentives primarily based on how effectively you take care of your pet.

The mission runs on the BNB chain, delivering advantages akin to decrease charges and quicker transactions. The BNB chain is well-known for ecosystem assist, interoperability, scalability, and group adoption.

If you need to hitch buyers who’ve already pumped greater than $5.8 million into PLAY, you should buy its tokens for $0.00521 every. However with a value hike coming in about 2 hours, purchase now to safe one of the best deal.

Purchase PlayDoge on the official web site right here.