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The Cat In A Dogs World price pumped by 68% in the last 24 hours to trade at $0.008128 as of 8:10 p.m. EST.
The pump can be attributed to a recent airdrop by the token’s team, which has caused some excitement in the meme coin’s community.
Cat In A Dogs World Price Prediction
Analysing Cat In A Dogs World price charts, we notice the meme coin has deviated from its uptrend and is now entering into what looks like a reversal pattern as indicated by the descending triangle pattern formation, recognizable by a flat support line and lower highs forming a downward sloping trend line.
This may indicate a potential breakout to the downside.
The ‘Up/Down Vol’ (Volume) indicator at the bottom of the chart shows green and red bars representing the volume in upticks and downticks. The predominance of red over green in the latter part indicates selling pressure.
The Relative Strength Index (RSI) indicator has also deviated from its northern trajectory as it now heads back south showing some selling pressure on the meme coin, meaning potential corrections for the Cat In A Dogs World price in the short term. On the other hand, the Average Directional Index (ADX) indicator, used to gauge trends, holds a value of 19.3, suggesting that the current downtrend is weak. However, its northern trajectory warns of increasing bullish pressure.
10-minute MEW/USDT Chart | Source: TradingView
Should the Cat In A Dogs World price break below the support level with increasing volume, it could indicate a stronger move to the downside. However, if the price breaks above the descending trend line with high volume, it could signal a reversal of the current downtrend and a potential upward move.
Meanwhile, as the Cat In A Dogs World price risks a correction, traders are flocking to Sponge V2 in the hope of a repeat of the 100X gains by its predecessor, Sponge, in a bear market last year.
An Attractive Alternative
The goal of Sponge V2 is to build on the success of Sponge V1 by adding more uses and benefits while keeping the main features of the original meme token.
If you missed out on $SPONGE V1, don't miss out on #SpongeV2!
Time to stake your $SPONGE! 🚀🧽#MemeCoin #Web3 #Altcoins #BullMarket #Bullish #Trade pic.twitter.com/oNwatR7ihw
— $SPONGE (@spongeoneth) February 10, 2024
One of the new features is staking, which offers an annual percentage yield (APY) of 381% on Polygon and 169% on Ethereum. Nearly 10 million V1 tokens have already been staked.
The Sponge V2 team is also adding a Play-to-Earn (P2E) game. It enables players to earn $SPONGE tokens by playing and ranking on the leaderboard. Users can just play for fun on the free version or go to the paid version with the potential to earn more $SPONGEV2 tokens.
The P2E game will bring more fun and addictiveness to the Sponge ecosystem,
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
According to crypto analyst and YouTuber Oscar Ramos, Sponge V2 has the potential to 100X on launch.
With more listings on top-tier exchanges rumored to be imminent, now might be a great time to buy Sponge V2.
Visit the Sponge V2 website and buy the token here.
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