😱🐱Will cat-themed memecoin MEW continue its rise?🚀🚀
Recently popular memecoin Cats in a Dog's World (#MEW ) has increased by over 25 percent in the last week. Will MEW, which has gained great momentum, continue its rise?
MEW, which is on the #Solana blockchain, has approached its potential rally target after weekly gains. Crypto analysis platform AMBCrypto stated that MEW, which is holding on to its $ 0.09 support, will continue its rise.
The analysis included the following statements;
"Despite the slowdown in recent days, MEW continued to hold on with the structure formed in the 12-hour price chart."
In the analysis made on Fibonacci, an indicator, potential resistance points were highlighted.
MEW analysis: Will the Memecoin wind blow?
Cats in a dog's world (MEW), which is in a strong uptrend, has increased significantly in the last five days. MEW analysis said, "The bulls managed to push the price above the $ 0.01 Fibonacci resistance."
The analysis suggested that MEW will maintain its trading volume and continue to rise if it holds at 0.01.
The MACD, an indicator, changed its view with the recent price increase as a possible decline emerged. MEW, which experienced an increase in volume trading volume, signaled that the distribution of buying pressure was suffocating.
The Fibonacci analysis included the following statements;
"The content of this demand demand is expected to take memecoin to the levels of $0.012 and $0.0145 in the coming weeks." MEW chart analysis According to the chart, MEW price has turned into a potential resistance level support point. MEW may target the resistance of $0.012366 if it does not lose its record of $0.010172. The analysis included the following statements;
“A similar pool of liquidity has formed around $0.0106 and $0.0108 over the past few days. “A pullback from this area could pave the way for short positions and a retest of the $0.01 level could be on the cards, so investors should be cautious.”
