Join Our Telegram channel to stay up to date on breaking news coverage
The Cat In A Dogs World price surged 4% in the last 24 hours to trade for $0.007576 as of 03:50 a.m. EST on trading volume that plunged 12%.
It comes as markets remain in a lull, with the Bitcoin price down 0.65%.
Crypto prices remain on edge with Bitcoin at $66,800 and altcoins slightly up. Keep an eye on Poodlana, Mother Iggy, and Cat in a Dogs World! 🚀 #CryptoMarket #Bitcoin
— Trend-Direction.com (@Trend_Direction) July 23, 2024
Some ascribe the surge in the Cat In A Dogs World price to Korean traders as the cat-themed token rose during the Asian session.
$MEW massive breakout 🚀
Koreans are bidding hard on $MEW
$1B is coming soon for MEW. pic.twitter.com/fUwkAbva2l
— Ted (@TedPillows) July 22, 2024
Cat In A Dogs World Price Prediction
The Cat In A Dogs World price is trading with a bullish bias after a strong move north starting in mid-July. It continues to hold above the 23.6% Fibonacci retracement level of $0.007530, with prospects for more gains.
Looking at the Relative Strength Index (RSI), which continues to hold well above the mean level of 50%, bullish momentum abounds. The Moving Average Convergence Divergence (MACD) is also well above its signal line (orange band), pointing to strong buying pressure relative to seller momentum. Its histogram bars are also flashing green, signifying strong bullish sentiment in the MEW market.
With this, the Cat In A Dogs World price could extend the climb, reclaiming the peak of $0.009290. In a highly bullish case, it could clear this local top, extending the climb to the range high of $0.010467, last tested on March 31.
GeckoTerminal: MEW/USD 1-day chart
Conversely, considering the RSI position above 70, at 77, the MEW token is already massively overbought. While a pullback or correction seems imminent, the cat-themed token may not be ripe for selling just yet.
According to Welles Wilder, a technical analysis, an asset is considered ripe for selling when the RSI crosses below the threshold of 70.
Based on the Fibonacci indicator, a drop could send the Cat in a Dogs World price could retrace the 38.2% Fibonacci retracement level of $0.006441. An extended drop could send the MEW price to the 50% Fibonacci placeholder of $0.005562. Nevertheless, the bullish thesis would only be invalidated upon a break and close below the $0.003000 psychological level.
Meanwhile, Crypto YouTuber Jacob Bury says investors might consider diversifying into the Dogecoin derivative presale PlayDoge (PLAY) for 10X potential gains after it launches.
Promising Alternative To Cat In A Dogs World
PLAY is the powering token for the PlayDoge ecosystem, a project that says it’s the best play-to-earn (P2E) DOGE companion game. It is a mobile-based P2E game that transforms the iconic Doge meme into a Tamagotchi-style virtual pet.
Ecosystem participants play through classic 8-bit side-scrolling adventures while embracing 90s nostalgia to earn crypto. You enjoy monetary incentives based on how well you care for your pet.
The project runs on the BNB chain, delivering benefits such as lower fees and faster transactions. The BNB chain is well known for ecosystem support, interoperability, scalability, and community adoption.
If you would like to join investors who have already pumped more than $5.8 million into PLAY, you can buy its tokens for $0.00521 each. But with a price hike coming in about 2 hours, buy now to secure the best deal.
Buy PlayDoge on the official website here.
Also Read:
PlayDoge (PLAY) – Newest Launch On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
Join Our Telegram channel to stay up to date on breaking news coverage
