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The Shark Cat price rose 12% in the last 24 hours to trade at $0.1914 as of 02:45 a.m. EST on trading volume that dropped 40% to $20 million.
This comes as the token gears up for its listing on the MEXC centralized exchange (CEX) today with SC/USDT starting its trading at 14:00 UTC.
.@SharkCatSolana, a memecoin about a cat with a shark hat, is coming to #MEXCKickstarter 🚀
🗳Vote with $MX to share massive airdrops
📈 $SHARKCAT/USDT Trading: 2024-05-07 14:00 (UTC)Details: https://t.co/Wt64QirMBz
Note: Due to another project with the token name SC being… pic.twitter.com/IUuY0KGkOC
— MEXC_EN 🌎 (@MEXC_EN) May 6, 2024
Shark Cat Price Set To Rally Over The Bullish Pennant
The Shark Cat price soared to an all-time high (ATH) of $0.39 after its launch. The bulls have not been able to reclaim this resistance, as the SC price retraced in April to the $0.04073 support zone.
SC has been able to touch this resistance level three times, forming a triple bottom pattern. A triple bottom pattern signifies a potential trend reversal and a shift from a bearish sentiment. The three consecutive lows near the same level created a distinct support area at $0.04073.
The triple bottom pattern allowed the price to soar through a markup phase, the resistance around $0.12. SC has been fluctuating within the range between $0.12 and $0.18, forming a bullish pennant pattern.
SC is trading gracefully above both the 50-day and 20-day Simple Moving Averages (SMAs), a confirmation of the bullish rally to the upside.
Moreover, the reading on the Relative Strength Index (RSI) is positive, as it trades at 67, moving up, an indication of intense buying pressure.
The Average Directional Index (ADX) also trades at 40, gracefully above the 25 region, an indication of a very strong bullish trend.
Shark Cat Price Prediction
Shark Cat’s bullish trend remains strong, as SC aims to capitalize on the formation of the triple bottom pattern and the bullish pennant to push the price above to target $0.29.
Major indicators, including the RSI and ADX, also show positive price movements, as the bulls aim to push the price even further above.
Moreover, the 50-day crosses above the 200-day SMA, forming a golden cross at $0.97. Optimistic investors will look to capitalize on these indicators to buy more, eventually pushing the price higher.
However, if the bears take control of the price at this level, SC could drop to the next support level around $0.09, coinciding with the 200-day SMA.
As the Shark Cat price soars, investors are also buying Wiener AI, a new AI meme coin hybrid token that aims to use its AI capabilities to emulate the success of titans like DOGE and SHIB.
New AI Meme Coin WienerAI Raises Over $1.2 Million
WienerAI (WAI) has amassed a huge following, with its presale already soaring past $1.2 million in funds raised.
A HUGE MILESTONE!
Just WAIT until you see what we have in store.
🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭 pic.twitter.com/Yv8qfK053K
— WienerAI (@WienerDogAI) May 4, 2024
To improve its utility, WienerAI has recently added the most advanced beginner-friendly trading bot in crypto to its ecosystem. As a trading partner, the bot has user-friendly AI-enhanced trading, seamless swap functionality, and zero fees.
We Welcome Wiener Hoarders!
AI-Enhanced Trading. Sausages. A match made in heaven!
— WienerAI (@WienerDogAI) May 5, 2024
WienerAI is following in the footsteps of another canine meme coin and AI security token, Scotty the AI (SCOTTY), which amassed more than $10 million in its recent presale.
You can also earn passively through the platform’s staking system, where you can stake $WAI for an eye-watering 796% annual percentage yield (APY).
According to 99Bitcoins, a popular YouTube channel with more than 700,000 subscribers, WAI has the potential to explode 100X after launch.
To participate in the presale, you can purchase $WAI tokens on the official website here for $0.000704 each.
Act soon if you are interested before a price hike in less than 19 hours. You can use ETH, USDT, or your bank card to make the purchase.
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