The cryptocurrency market has witnessed a strong October, with Bitcoin (BTC) increasing over 13% this month and currently holding above $72,000. This bullish momentum has spilled over into the memecoin space, where attention has shifted to three cat-themed coins: Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dog's World (MEW). These cat-inspired coins have recently gained attention and may be preparing for upcoming moves in November.
Popcat (POPCAT)
POPCAT has shown strong bullish momentum on the 4-hour chart, surpassing multiple resistance zones in recent sessions. Currently, it is testing the range of $1.63–$1.67, which is currently acting as a support level. The ability to maintain this price level will be crucial for any sustainable bullish movement.
If POPCAT successfully holds above this support level, it has a clear path to the next resistance level, located above $1.87 and $1.90. However, a break below $1.66 could signal a short-term reversal, potentially pushing the price back to the previous support level near $1.40.
Mog (MOG)
MOG has formed a bullish 'cup and handle' pattern on the daily chart, which is often a positive signal for continued upward movement. The 'handle' portion of the pattern has recently surpassed the critical resistance level of $0.000018, indicating strength in buyer interest.
If the model continues, MOG will break the current resistance level above $0.00002289. If this breakout occurs, we could see MOG experience a significant price increase in the future.
Cat in a Dog's (MEW)
MEW has recently made a significant move, breaking through the main resistance level at $0.0087–$0.0093. This breakout is very encouraging as it indicates rising momentum and could serve as a catalyst for further price increases.
The next important resistance level for MEW is at $0.01171, which is the all-time high. For MEW to continue its upward trend, it is essential to maintain above the support level of $0.0093. If this level is not held.
What can be expected ahead?
With Bitcoin's strong position at $72,000, the next bullish momentum in the broader cryptocurrency market could also positively impact these memecoins. Traditionally, post-election phases in the United States often trigger market rallies, and with upcoming events in November, these memecoins could experience higher volatility and potentially reach new highs.
