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The Cat In a Dogs World price has plunged 10% in the last 24 hours to trade at $0.004270 as of 7:30 a.m. EST on a 17% drop in trading volume to $71 million.
The Cat In A Dogs World Price Bullish Pennant Signals A Bullish Trend Continuation
The Cat in a Dog’s World price has hit resistance at the high of $0.005872, where the bears have managed to push it down in a corrective phase. However, the ongoing tussle between the bulls and the bears for control has formed a bullish pennant, indicating a potential upward trend continuation.
If the bulls break through this pennant, it could trigger a rally, driving the price up to reclaim its all-time high at $0.009810 in a very bullish scenario.
MEWUSDT. Source:Tradingview
The Relative Strength Index (RSI) indicates that the MEW market is ripe for a bull rally as the RSI signals a rebound on the 50 midline level. If the momentum increases we should see the RSI surge into the overbought zone of 70 indicating intense buying pressure.
The price trades above the 50 and 200 simple moving averages. Moreover, the moving average cross supports the overall bullish sentiment for the MEW price.
However, the 50 SMA at $0.004249 level, could trigger a significant reversal, with The Cat in a Dog’s World likely to surge to the upper trendline of the pennant at $0.004742. This reversal might present a prime buying opportunity before the price attempts another move upward.
The Moving Average Convergence Divergence (MACD) also supports the upward movement toward the upper boundary of the bullish pennant. This is evident as the signal line (orange) crosses above the moving average line (blue). Additionally, the red bars on the histogram are shrinking as they approach the neutral line, suggesting that MEW is gearing up for a trend reversal.
The Cat In A Dogs World Price Gears Up For A Bull Rally
The Cat In A Dogs World price analysis shows that MEW is readying for a bull rally, with signs of a trend reversal. The bulls aim to use the bullish pennant pattern to push the price higher.
The RSI also indicates a rebound on the 50 midline levels, indicating that MEW is poised for an uptrend in the upcoming weeks. With the golden cross at $0.003941, the bulls aim to overcome the $0.004770 resistance to the target of $0.006163.
However, with the MACD still below the neutral line, intense bear pressure could result in a retrace to the $0.004043 level, slightly below the 50 SMA.
WienerAI Presale Crosses The $4 Million
As the MEW price gears up for a bull rally, investors are also turning to WienerAI, a new dog-themed meme coin that combines two of the hottest niches in crypto: AI and meme coins.
WAI offers a unique level of utility rarely found in the playful meme coin sector. It gives traders a smart, user-friendly on-chain assistant to help identify the next 100X gems. The WienerAI ecosystem also features a seamless swap protocol and MEV protection, all provided with zero fees.
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The WienerAI Trading Bot will be your trusted trading companion, leveraging AI to make savvy and predictive moves in a dynamic market. pic.twitter.com/uYCRAWRd2N
— WienerAI (@WienerDogAI) June 1, 2024
With 20% of the token supply set aside for staking, investors can also earn an annual yield of 263% on staked WAI.
New Crypto Presale to Watch: WienerAI Meme Coin Hits $2M Milestone @WienerDogAI https://t.co/tcy2iOs0zG
— Bitcoin.com News (@BTCTN) May 17, 2024
According to Crypto Boy, a popular analyst and YouTuber, WienerAI could be the next big thing with a potential for 100X returns.
The WiernerAI presale has just blasted past $4 million in funds raised.
This is getting WILD
SO happy to be on this journey with you all
SO MUCH MORE AHEAD 🌭🤖 pic.twitter.com/kWq22xWfSw
— WienerAI (@WienerDogAI) June 3, 2024
If interested, you can buy WAI tokens for $0.000713 each. But hurry as the price is set to increase in less than 22 hours.
Buy the WAI here using ETH, BNB, USDT, or a bank card.
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