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The Cat In A Dogs World price surged more than 11% in the last 24 hours to trade at $0.01118 as of 11:19 p.m. EST as investors go long on the meme coin.
With the recent gain, the MEW price has now surged more than 22% over the last week.
The Cat In A Dogs World Price Rejected By Resistance
4-hour chart for MEW/USD (Source: GeckoTerminal)
The Cat In A Dogs World price faced a slight rejection from the $0.01184 resistance level in the last few hours, but could still overcome this technical barrier with enough bullish pressure. Should buyers manage to push MEW to above this threshold within the next 12 hours, the meme coin might rise to as high as $0.01365 in the short term.
On the other hand, sellers successfully preventing a breach of the $0.01184 resistance for the next 12 hours could result in a more bearish scenario playing out. In this alternative case, the Cat In A Dogs World price might retest the closest support level at $0.01022. Continued sell pressure could then lead to MEW falling to the subsequent mark at $0.00874.
Indicators Warn Of A Potential Correction For The Cat In A Dogs World Price
From a technical standpoint, indicators on the meme coin’s 4-hour chart warn that the Cat In A Dogs World price may have topped out temporarily. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show signs of waning buy pressure.
The latest RSI readings in the low 70s suggest that the Cat In A Dogs World price is in overbought territory. This is usually seen as a sell signal by traders because it indicates that a crypto’s downside potential is greater than its upside potential. With the leveling off of the RSI line in the low 70s and its slight negative slope, traders might decide to realize their profits soon.
MEW’s positive momentum seems to have stalled, with the MACD line starting to collapse towards the MACD Signal line on the 4-hour chart. If the gap between the two technical indicators continues to shrink, it could lead to a bearish crossover between the two lines to suggest that the Cat In A Dogs World price has entered a negative cycle.
As MEW reaches a potential price top, meme coin rival Crypto All-Stars (STARS) is going from strength to strength as its ICO races past $2.7 million in funds raised.
Giving Meme Coin Investors The Opportunity To Kick Back And Grow Their Holdings Passively
Crypto All-Stars (STARS) is a meme coin project like no other, because it is not solely built around its native token. Instead, it enables holders of many of the biggest meme coins in the market to grow their holdings with almost no effort.
Crypto All-Stars achieves this through its innovative MemeVault platform, which already offers support for tokens including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. The team has also revealed that more staking options will be added in the coming weeks.
By simply locking up any of these tokens on the Crypto All-Stars platform, investors will earn crypto rewards that are paid out in STARS. These passive earnings can then be put to work as well, unlocking the rare opportunity for investors to compound their rewards. Anyone who stakes STARS now will already stand the chance to earn up to 568% in annual rewards.
With the high rewards up for grabs and its appeal to meme coin investors, it’s no surprise that experts and analysts are bullish on STARS. YouTuber Jacob Bury is one of the analysts excited about Crypto All-Stars. In a video to his more than 42K subscribers, he said that STARS could soar 10X after its launch.
Charging Towards $3 Million In Presale
Crypto All-Stars has been a hit amongst investors so far, and has already raised over $2.7 million through its ongoing ICO. This successful raise at this point comes after a few purchases from crypto whales, who are also bullish on the project’s future.
Anyone that wants to get in on the ground stages of STARS can do so using the simple buy widget embedded on the project’s website. Currently selling for $0.0015188, the meme coin can be bought with a variety of tokens including ETH, BNB, USDT, DOGE, FLOKI, PEPE or SHIB.
Those interested to buy should act fast because a price hike is due in less than 2 hours.
Visit STARS here.
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