Is it too late to buy SC? Shark Cat price surges 12% as presales for this new AI Meme coin surpass $1.2 million.

adminMay 8, 2024

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Shark Cat prices are up 12% in the last 24 hours. Trading at $0.1914 As of 2:45 a.m. ET, trading volume had fallen 40% to $20 million.

This comes as the token prepares for listing on the MEXC centralized exchange (CEX) today, with SC/USDT starting trading at 14:00 UTC.

.@SharkCatSolanaA meme coin about a cat wearing a shark hat is coming #MEXCKickstarter 🚀
🗳Vote $MX To share large-scale airdrops
📈 $SHARKCAT/USDT trading: 2024-05-07 14:00 (UTC)
Details: https://t.co/Wt64QirMBz
Note: Due to another project with token name SC… pic.twitter.com/IUuY0KGkOC
— MEXC_EN 🌎 (@MEXC_EN) May 6, 2024

Shark Cat Price Set to Rebound Beyond Bullish Pennant

Shark Cat Chart Analysis Source: Dexscreener.com — SCUSD Chart Analysis Source: Dexscreener.com

The price of Shark Cat soared to an all-time high (ATH) of $0.39 after launch. Bulls were unable to regain this resistance as SC price retreated back to the $0.04073 support zone in April.

SC touched this resistance level three times, forming a triple bottom pattern. A triple bottom pattern signals a potential trend reversal and a shift in bearish sentiment. Three consecutive lows near the same level created a clear support zone at $0.04073.

A triple bottom pattern allowed the price to soar through the markup phase, with resistance around $0.12. SC fluctuated between $0.12 and $0.18, forming a bullish pennant pattern.

SC is trading moderately above its 50-day and 20-day simple moving average (SMA), confirming a bullish rally to the upside.

Moreover, the RSI (relative strength index) value has risen to 67, a positive number indicating strong buying pressure.

The Average Directional Index (ADX) is also trading at 40, elegantly above the 25 area, indicating a very strong bullish trend.

Shark Cat Price Prediction

Shark Cat’s bullish trend remains strong as SC aims to drive the price above the $0.29 target by leveraging the formation of a triple bottom pattern and a bullish pennant.

Major indicators including RSI and ADX are also showing positive price action. This is because the bulls are aiming to push the price even higher.

Moreover, the 50-day is above the 200-day SMA, forming a golden cross at $0.97. Optimistic investors will try to leverage these indicators to buy more and eventually push the price higher.

However, if bears control the price from this level, SC could fall to the next support level around $0.09, coinciding with its 200-day SMA.

As the price of Shark Cat soars, investors are also buying Wiener AI, a new AI meme coin hybrid token that aims to mimic the success of giants like DOGE and SHIB using AI capabilities.

New AI Meme Coin WienerAI Raises Over $1.2 Million

Winner AI (WAI) It has amassed a huge following, with pre-sales soaring past the $1.2 million in funds already raised.

A huge milestone!
Wait until you see what we have in store.
🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭 pic.twitter.com/Yv8qfK053K
— WienerAI (@WienerDogAI) May 4, 2024

To enhance its utility, WienerAI recently added the most advanced and beginner-friendly trading bot in the cryptocurrency space to its ecosystem. As a trading partner, the bot offers user-friendly, AI-enhanced trading, seamless swap functionality, and zero commissions.

We welcome Wiener Hoarders!
AI-enhanced trading. sausage. A match made in heaven!
🌭🌭 pic.twitter.com/2AeDUW2ssF
— WienerAI (@WienerDogAI) May 5, 2024

WienerAI is following in the footsteps of Scotty the AI (SCOTTY), another dog meme coin and AI security token that recently raised over $10 million in presale.

You can also earn passively through the platform’s staking system. Stake $WAI Achieved an impressive annual percentage return (APY) of 796%.

According to 99Bitcoins, a popular YouTube channel with over 700,000 subscribers, WAI has the potential to explode 100x after launch.