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The MEWING price skyrocketed 48% in the last 24 hours to trade at $0.009191 as of 3:30 a.m. EST on trading volume that jumped 10% to $8.17 million.
The project’s price shot up despite a slump in the rest of the market, propelling onto CoinMarketCap’s top trending leaderboard in second place behind Pepe.
The MEWING price also blew up as a trend on the popular social media app TikTok. That saw over 360.2k posts emerge on the app, which started bringing in new buyers and inspiring existing MEWING community members to buy even more of the project’s tokens.
The project’s community calls MEWING a lifestyle, predicting massive surges as the concept of mewing — the practice of using proper tongue posture to improve facial beauty and fix alignment of the teeth — goes viral.
MEWING Price Prediction
The MEWING price greatly increased in the last few days, especially in the previous 24 hours. However, while the token initially managed to trade against the market successfully, the market has since seen a strong bearish wave that eventually started pulling down its value.
This, combined with many who have likely taken profit following the recent surge, caused MEWING’s price to start its own correction from $0.012 — its all-time high reached only hours ago — to the current $0.0091.
As for what will happen next, technical indicators might provide some hints regarding what the price might do from now on. For example. MEWING’s Bollinger bands remain extremely wide despite the price drop, which suggests that the surge might continue and that the project’s supporters could give the pump another try.
Meanwhile, the token’s Relative Strength Index (RSI) value suggests the same; after dropping from the overbought zone to the neutral one, the RSI chart shows signs of another increase. In other words, traders have indeed started selling once the price hit an ATH, and now that it has dipped, they are beginning to buy once again, hoping to buy the dip and sell high for the second time.
As for the MEWING price, it found a strong support above $0.0091, at least for the time being. However, a strong resistance at $0.010 is standing in the way of its recovery. For now, the project’s price is very volatile and insecure, making it difficult to predict what will come next.
Promising Alternative to MEWING
While the MEWING price exploded in the last 24 hours, other opportunities exist for those with a high risk appetite, including the Mega Dice (DICE) presale.
Mega Dice is a cryptocurrency that launched last year, allowing users to place wagers in digital currencies. Now it is launching its own token, with plans to make it the #1 GameFi token on Solana.
Given that the casino has a massive user base of 50k registered users, and over 10k monthly active users wagering $50 million each month, a vast community is waiting to pick up the token once it goes live.
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