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The Cat In A Dogs World price surged over 105% in the past week and 11% in the last 24 hours to trade at $0.008459 as of 4:45 a.m. EST.
With the recent jump in the MEW price, the altcoin has posted the biggest gain over the last week and the past day of trading among major cryptos measured by market capitaliztion.
The crypto’s strong performance also comes even as the total crypto market cap dropped more than 1% in the last 24 hours. This decrease in the digital asset market’s valuation adds to the 14.4% drop suffered during the second quarter that was revealed in a report by CoinGecko.
The Cat In A Dogs World Price Attempting To Flip Resistance
4-hour chart for MEW/USD (Source: GeckoTerminal)
The Cat In A Dogs World price is attempting to flip the resistance level at $0.008400 into support. Closing a 4-hour candle above this threshold within the next 8 hours could lead to the meme coin continuing the positive trend it has been in over the past 24 hours. MEW might subsequently try to climb towards $0.009690 in the short term.
However, the Cat In A Dogs World price failing to close a 4-hour candle above $0.008400 within the next 8 hours could invalidate the bullish thesis. In this alternative scenario, the crypto might drop below the positive trend line that has emerged on the meme coin’s charts.
This could then expose MEW to the risk of falling below $0.007113 and possibly plunge to $0.006008.
The Cat In A Dogs World Price Showing Bullish Strength
Technical indicators on MEW’s 4-hour chart suggest the crypto’s price could keep rising through the course of the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bullish signs.
The MACD line is currently attempting to break above the MACD Signal line. An intersection between these two technical indicators could be seen as a sign that MEW has entered a short-term positive trend. Traders might then decide to enter into a long position for the crypto, which could push the Cat In A Dogs World price up in the following 24 hours.
Meanwhile, buyers have the upper hand against sellers. This is evident by the current RSI reading above the 50 benchmark. What’s more, the RSI is positively sloped as well, which could indicate that bulls are still accumulating strength against bears.
While the Cat In A Dogs World price attempts to overcome the resistance level at $0.008400, investors are rushing to buy the Pepe Unchained (PEPU) presale, which has rocketed past $5 million in funds raised within a month.
Unleashing PEPE’s Full Potential
Pepe Unchained (PEPU) aims to introduce an enhanced version of Pepe. Up until now, the frog-themed crypto’s potential has been capped by the slow transaction speeds and high fees of the congested Ethereum network.
To free PEPE from its Ethereum shackles, Pepe Unchained will launch its own layer-2 blockchain network. Not only will the new chain have a throughput 100 times greater than that of Ethereum, it will also allow token holders to transact at much lower fees.
Investors will, however, still be able to seamlessly bridge their assets between Ethereum and Pepe Unchained. This gives the dual benefit of Pepe Unchained’s lightning speeds and Ethereum’s robust security.
With its appeal to PEPE investors, coupled with its high speeds and low fees, Pepe Unchained has caught the attention of the 99Bitcoins YouTube channel, which has more than 705k subscribers. In a recent video, an analyst from the channel predicted that PEPU could be the next 10X meme coin.
High Staking Rewards
Pepe Unchained is offering presale investors an attractive staking opportunity with a 370% APY.
To get in on these high rewards, investors can purchase the token using the simple buy widget embedded on the project’s official website. Selling at the low price of $0.0086304, PEPU can be bought using either BNB, USDT, ETH or bank card.
Thereafter, tokens need to be locked up via the staking page on Pepe Unchained’s website to unlock the 370% APY.
Pepe Unchained raises $5M in in just weeks!
Thanks to your amazing support, Pepe's blockchain journey is just beginning 🐸🧠 pic.twitter.com/fnPbr0s1Pw
— Pepe Unchained (@pepe_unchained) July 23, 2024
Potential buyers should act fast because PEPU’s price will increase in a little more than 35 hours.
Purchase PEPU tokens here before its next price increase.
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