Cat In A Dogs World Price Prediction: MEW Plunges 37% As CEX Listing-related FOMO Drives Traders Flock To This Solana Rival.

adminApril 6, 2024

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cat in dog world price sudden drop It’s up more than 37% in the past 24 hours as investors pile their holdings into the cat-themed meme coin, which is trading at $0.004517 as of 8:20 a.m. ET.

Despite this recent price drop, the cryptocurrency remains green over the long term. MEW is up more than 155% over the past month, after posting a weekly gain of 37%.

Cat in a Dog World Prices Form a Bearish Channel

MEW/USDT 4-hour chart (Source: TradingView)

that much cat in dog world The price has printed a series of lower lows and lower highs on the 4-hour chart over the last 48 hours, which has led to the formation of a short-term descending price channel. This indicates that there is bearish momentum, but zooming in on MEW’s 4-hour chart shows that the meme coin is in a medium-term sideways period. Over the past few days, the cryptocurrency has fluctuated between $0.00443297 and $0.00939548.

After the recent decline, Cat in a Dogs World price is currently at the lower border of a sideways channel. If history repeats itself, altcoins may bounce from this mark in the next 12 hours. That could push the meme coin up to $0.00939548, potentially reaching a new all-time high.

However, if it falls below $0.00443297, the meme coin risks falling further in the near term. If traders continue to apply selling pressure on MEW, MEW could fall to $0.00242344 in the next 24-48 hours.

Cat In A Dogs Global Prices At Risk Of Falling Further

According to technical indicators on MEW’s 4-hour chart, the Cat in a Dogs World price may continue to decline over the next 24 hours. Both Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are trending downwards on the 4-hours chart.

The MACD line is gradually forming a gap with the MACD signal line. If the former is positioned below the latter, this may indicate: stall The bearish momentum shows no signs of slowing down yet. Meanwhile, RSI is plummeting below the simple moving average (SMA) line. Traders tend to identify this as a sign that sellers have an advantage over buyers and are growing stronger.

With Cat in a Dogs World still in the hands of sellers, many investors are shifting their focus to Solana meme coin competitors. SMOG Explosive profits could be possible as token developers hint at additional top exchange listings.

Solana Meme Coin with 10x Potential

Solana Meme Coin has been a hot topic in the cryptocurrency industry lately, with the new token offering huge returns for investors. New entrant Smog quickly captured the attention of the cryptocurrency community with what the team calls “the best airdrop ever.”

one #memecoin To rule them all! 🚀
Get ready for the best moment #airdrop Distributed in History #Solana. 💰
join #smog From Jilly! 🔥
Profile link 🔗 pic.twitter.com/vsn4p5cSF4
— Smog (@SMOGToken) February 8, 2024

The campaign has had the desired effect so far, with 110,000 wallets holding Meme Coins when Season 1 of the airdrop campaign ended on April 3.

To maintain the positive momentum, the Smog team recently announced that the cryptocurrency recorded its first listing on MEXC, the 11th largest cryptocurrency exchange by daily trading volume.

Investors generally react positively to exchange listings. This is because it provides cryptocurrency exposure to a wider pool of traders, which could lead to significant price appreciation in the short to medium term.

Examples of this include other SOL meme coins, Dogwifhat (WIF) and Book of Meme (BOME), both of which were listed on Binance. The price soared immediately after the exchange announcement.

This has created an investor frenzy surrounding Smog, which is not only the Solana meme coin but also the latest SOL meme coin to be listed on the exchange.

Great speculation opportunity with added airdrop rewards

Not only is Smog a good speculative trading opportunity as the second season of the massive airdrop campaign has already begun, but this could potentially bring double rewards to investors currently purchasing meme coins.

Unlike the first season, which focused on completing Zealy quests to determine each investor’s share of the airdrop, the second season will focus on on-chain and trading activity. The Zealy leaderboards will also be reset to give each participant an equal chance to rise to the top.

For investors looking to invest directly in meme coins, they can purchase Smog on the Smog website. Buyers can acquire cryptocurrency using ETH, USDT or bank cards. Additionally, investors who purchase and stake Smog tokens will receive a 42% APY.

Smog can be purchased at a 10% discount on the project’s official website (here).

SMOG – Meme Coin with Rewards