Cat In A Dogs World Price Prediction: MEW Soars 10% As Pepe Unchained Rockets Towards $15 Million
The Cat In A Dogs World price jumped 10% in the last 24 hours to trade at $0.005484 as of 03:52 a.m. EST on trading volume that surged 32% to $120 million.
Cat in a Dogs World Price Could Continue Soaring
The Cat in a Dogs World price has been on a markup phase in the last week, as it soared from the $0.0040 support zone to the $0.0055 resistance, according to data from GeckoTerminal .
However, the price then went through a correction before soaring back to the resistance, forming a rounding bottom pattern.
The MEW price bulls now aim to capitalize on the rounding bottom pattern to push the price of Cats in a Dogs World even further above.
The Cat in a Dogs World now trades above both the 50-day and 200-day Simple Moving Averages (SMAs)
Furthermore, the Relative Strength Index (RSI) is trading towards the 70-overbought region, currently at 67 and soaring, which shows that the asset is under intense buying pressure and is overvalued.
The bullish sentiments are also confirmed by the Moving Average Convergence Divergence (MACD) soaring above the neutral line, showing that MEW is on a bullish momentum.
In a scenario where the bulls maintain the bullish stance, the Cat in a Dogs World could soar, as the bulls currently target $0.0065.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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