The first cat-themed memecoin, the MEW price has surged ~30% over the past week, making it one of the top weekly-gainers of the week. Further, it has jumped 85.21% during the past month and has a market cap of $852.27 million.
The Relative Strength Index (RSI) continues hovering close to its overbought range, indicating increased buying pressure in the crypto space. Moreover, the 200-day EMA shows a constant rise in the 1D time frame.
If the market continues gaining momentum, the MEW price will retest its resistance level of $0.0105. On the contrary, if the bears gain dominance, the Cat in the dogs world price will drop toward its lower support level of $0.00700.
The MEW/USDT (Cat in a Dog's World) token has shown significant volatility today, experiencing a 9.47% increase with a current price of around $0.00081. In the past 30 days, MEW has risen by over 82%, reflecting its rapid movement, characteristic of meme-based cryptocurrencies. The token primarily thrives on social media trends, community engagement, and speculative interest, similar to other meme coins.
