MEWUSDT Approaching a Breakout!MEWUSDT Technical analysis update
-MEWUSDT is trading within a pennant pattern on the daily chart.
-The price is currently above the 100 and 200 EMA.
-A bullish crossover between the 100 and 200 EMA could occur soon.
-There has been a notable increase in trading volume in recent days.
-The price is approaching a key resistance level on the volume profile and may break out soon.
Mewusdtperp
After Bouncing From Support Point $MEW is Gearing for A Breakoutcat in a dogs world token ($MEW) launched Mar 2024 brought all the attention to the cat coin sector and was the driving force that kickstarted what crypto-natives call “cat season” as it crossed $900M+ market cap within days of its debut.
Built on the Solana ecosystem, $MEW has bounced from the psychological support point cooling it off, now gearing up for a bullish reversal move with a breakout above the 78.6% Fibonacci retracement point serving as temporary hurdle needed to jump by to achieve this stint.
With the Relative Strength Index (RSI) at 66, this gives more credence to our bullish thesis on $MEW coin. Further solidifying our stance on $MEW bullish breakout is the falling wedge pattern that has occurred starting December last that has since seen the token loose about 83% of market value.
cat in a dogs world Price Live Data
The live cat in a dogs world price today is $0.002665 USD with a 24-hour trading volume of $298,503,903 USD. Cat in a dogs world is down 2.18% in the last 24 hours, with a live market cap of $236,919,397 USD. It has a circulating supply of 88,888,888,888 MEW coins and a max. supply of 88,888,888,888 MEW coins.
MEWUSDT Bearish Wedge!MEWUSDT TEchnical analysis update
MEWUSDT has formed an ascending broadening wedge pattern at the peak, indicating potential bearish momentum. The price breakdown has been confirmed on the 4H chart, and a retest of the breakdown level has been completed, reinforcing the bearish outlook. The price is now moving steadily toward the lower levels of the pattern, suggesting further downside potential if selling pressure continues.
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Hexa