Date: Tue, Oct 15, 2024, 05:20 AM GMT
The cryptocurrency market kicked off the week with bullish momentum, fueled by Bitcoin (BTC) hovering near $66,000. This rally has triggered impressive gains across the memecoin space, especially within Solana-based tokens. Among them, Cat in a Dogs World (MEW) is stealing the spotlight, with a stunning surge of over 18%, pushing its market cap to $765 million.
Breakout Ignites the Rally
MEW’s recent breakout has been a game-changer. On October 11, the token shattered its downtrend at the $0.0061 level, sparking a 40% rally to reach its current price of $0.0086. This strong upward momentum has brought MEW into a resistance zone, with investors eyeing the $0.0092 mark as the next critical breakout level.
If MEW successfully clears the $0.0092 resistance, it could aim for the next target at $0.01034—its previous all-time high. This would represent a 20% gain from current levels. With the current momentum, a new all-time high could be on the horizon sooner than expected.
New All-Time High Soon?
The bullish sentiment across Solana-based memecoins like BOME and WIF adds further strength to MEW’s rally. If market conditions stay favorable and MEW breaks above $0.0092, it could attract even more attention, pushing the price beyond its previous all time high.
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