Solana-Based Meme Coin $MEW Price Surge

The Solana-based meme coin $MEW recently underwent a significant 21% price surge following its prominent listing on Bithumb. This surge has caught the attention of investors and market analysts, leading to a wave of speculation and predictions regarding its future price movements.

Cat In A Dogs World Price Analysis

The analysis of the Cat In A Dogs World price suggests that $MEW is gearing up for a bullish rally. There are clear indications of a trend reversal in the making, adding to the excitement surrounding this meme coin.

Bullish Market Trends

After breaching the bullish pennant pattern, the price of $MEW seems primed to retest its recent highs. Noteworthy is the fact that the current price of $MEW is trading above both the 50 and 200 simple moving averages. The moving average cross is further reinforcing the bullish sentiment in the market.

Price Prediction

According to Coin Gabbar's analysis, there is a possibility of a substantial rally if the bullish momentum persists above the pennant pattern. The target for this rally is set at reclaiming the all-time high price of $0.009300. However, a failure to surpass recent highs could result in a pullback, potentially testing the channel trendline.

Key Price Levels

• Resistance Level: $0.006500-$0.009300
• Support Level: $0.004000-$0.002800

Disclaimer

It is important to note that the guidance and chart analysis provided by Coingabbar are purely for informational purposes. None of the information presented should be construed as financial advice. Users are strongly encouraged to conduct their research, exercise sound judgment, and acknowledge the risks associated with financial investments. Coingabbar holds no responsibility for any financial losses that may occur. Given the high volatility of cryptocurrency and NFT markets, it is advisable for users to seek guidance from financial professionals and evaluate their risk tolerance before engaging in any investments.