{"id":591199,"date":"2024-10-25T07:38:45","date_gmt":"2024-10-25T07:38:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=591199"},"modified":"2024-10-25T07:38:45","modified_gmt":"2024-10-25T07:38:45","slug":"cat-in-a-dogs-world-price-prediction-mew-soars-11-as-this-innovative-staking-meme-coin-raises-over-2-7-million-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cat-in-a-dogs-world-price-prediction-mew-soars-11-as-this-innovative-staking-meme-coin-raises-over-2-7-million-in-presale","title":{"rendered":"Cat In A Dogs World Price Prediction: MEW Soars 11% As This Innovative Staking Meme Coin Raises Over $2.7 Million In Presale"},"content":{"rendered":"
The Cat In A Dogs World price <\/span>surged<\/span><\/a> more than 11% in the last 24 hours to trade at $0.01118 as of 11:19 p.m. EST as investors go long on the <\/span>meme coin<\/span><\/a>. <\/span><\/p>\n With the recent gain, the MEW price has now surged more than 22% over the last week.<\/span><\/p>\n 4-hour chart for MEW\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n The Cat In A Dogs World price faced a slight rejection from the $0.01184 resistance level in the last few hours, but could still overcome this technical barrier with enough bullish pressure. Should buyers manage to push MEW to above this threshold within the next 12 hours, the <\/span>meme coin<\/span><\/a> might rise to as high as $0.01365 in the short term.<\/span><\/p>\n On the other hand, sellers successfully preventing a breach of the $0.01184 resistance for the next 12 hours could result in a more bearish scenario playing out. In this alternative case, the Cat In A Dogs World price might retest the closest support level at $0.01022. Continued sell pressure could then lead to MEW falling to the subsequent mark at $0.00874.<\/span><\/p>\n From a technical standpoint, indicators on the meme coin’s 4-hour chart warn that the Cat In A Dogs World price may have topped out temporarily. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show signs of waning buy pressure.<\/span><\/p>\n The latest RSI readings in the low 70s suggest that the Cat In A Dogs World price is in overbought territory. This is usually seen as a sell signal by traders because it indicates that a crypto’s downside potential is greater than its upside potential. With the leveling off of the RSI line in the low 70s and its slight negative slope, traders might decide to realize their profits soon.<\/span><\/p>\n MEW’s positive momentum seems to have stalled, with the MACD line starting to collapse towards the MACD Signal line on the 4-hour chart. If the gap between the two technical indicators continues to shrink, it could lead to a bearish crossover between the two lines to suggest that the Cat In A Dogs World price has entered a negative cycle.<\/span><\/p>\nThe Cat In A Dogs World Price Rejected By Resistance<\/span><\/h2>\n
<\/p>\n
Indicators Warn Of A Potential Correction For The Cat In A Dogs World Price<\/span><\/h2>\n