The cryptocurrency market has experienced an impressive rally over the past 24 hours, propelled by Bitcoin reaching a new all-time high of $91,434. This surge has spurred several memecoins into action, prominently Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dog's World (MEW).
Popcat (POPCAT)
POPCAT saw a remarkable 30% surge, peaking at $2.00, but faced resistance at this level, corresponding with the upper boundary of an ascending channel. Currently, POPCAT has slightly retracted to $1.90, with $1.82 identified as critical support. A breakout above the channel's upper trendline could target $2.50, continuing the uptrend. Otherwise, lower support levels may be retested.
Mog Coin (MOG)
MOG experienced an impressive 42% rally, breaking out of a four-month consolidation around $0.0000022. Currently trading at $0.0000024, it approaches the next resistance at $0.000002667. Breaking this level could drive up towards $0.0000030. The breakout from the consolidation pattern and sustained bullish momentum indicate strong buyer interest.
Cat in a Dog’s World (MEW)
MEW is also witnessing strong growth, with an 18% increase taking it close to a key resistance level of $0.01167. Trading around $0.01090, it rebounded from significant support at $0.00903. Successfully breaking above $0.01167 could lead to targets of $0.014 and $0.020 if bullish momentum persists.
Each memecoin has demonstrated robust recovery and potential for further gains. Key resistance levels will be crucial in determining the sustainability of their uptrends. A breakout above these levels could trigger additional rallies, while failure to hold support may lead to short-term retracements.
