More and more cat meme coins are touching the $1Bn mark, and MEW is now on this list. Another meme coin that seems to be recovering is Andrew Tate, DADDY. What can we expect in the future for these two meme coins?
PUMPY HERE .. STILL LOOKING GOOD .. pic.twitter.com/qW6420gzqk
— Crypto Tony (@CryptoTony__) October 25, 2024
MEW Price Analysis: All-Time High And Possible Retracement
The meme coin MEW , Cat in a Dogs World, has recently hit an all-time high (ATH) of $1.04 billion market cap, but is now experiencing a retracement.
MEW is trading at $0.01061, following a decline of -3.63% from its recent high.
– The price shows a strong uptrend, but we’re currently witnessing a pullback after the ATH, which is common following such a sharp rise.
(MEWUSDT)
The recent ATH at $0.0115 acts as the primary resistance level. If the price resumes its upward momentum, this will be a crucial area to break for further upside.
The first significant support level lies around $0.008. This level provided solid support during the earlier consolidation phase and could act as a price floor during this retracement.
The RSI (Relative Strength Index) is currently at 70, indicating that MEW is in the overbought region and that selling pressure might increase.
– If the price holds above the support level at $0.008 and buying pressure kicks in, we could see a recovery to retest the recent $0.0115 resistance. Breaking this level could signal a continuation of the uptrend, with possible targets at $0.016 or even higher.
– If the retracement deepens and the price breaks below the $0.008 support level, it could fall toward the next major support at $0.006, where the previous consolidation occurred.
PUMPY HERE .. STILL LOOKING GOOD .. pic.twitter.com/qW6420gzqk
— Crypto Tony (@CryptoTony__) October 25, 2024
Andrew Tate’s DADDY Crypto: Seems Recovering: Can We Expect More?
Andrew Tate (DADDY) is trading at $0.12, facing resistance at $0.1239 and support around $0.10. The token is in a short-term downtrend, with the price sitting below the 21-period moving average at $0.1215. Increased volume during dips suggests buyer interest at lower levels.
A break above $0.1299 could lead to a rally toward $0.15, while failure to hold support at $0.10 may push the price lower. The next key moves depend on breaking resistance or holding support, with volume being a crucial indicator of momentum for DADDY.
While the AI meta is still going strong, older meme coins with established communities are still doing well. If we are really into this meme coin, SuperCycle, we could expect more meme coins to reach this market cap and more in the future.
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