- Bitcoin rallied over 13% in October and is currently holding above $72K, creating bullish momentum that has spilled over to the memecoin space.
- POPCAT is testing the $1.63-$1.67 support range with potential to reach $1.87-$1.90 resistance levels if it maintains current levels.
- MOG has formed a bullish cup and handle pattern, breaking above $0.000018 resistance with potential for a major rally if it breaks above $0.00002289.
- MEW broke through major resistance at $0.0087-$0.0093 and could target its all-time high around $0.01171 if it maintains support above $0.0093.
Date: Thu, Oct 31, 2024, 08:11 AM GMT
The cryptocurrency market has seen a strong October, with Bitcoin (BTC) rallying over 13% this month and currently holding above $72K. This bullish momentum has spilled over to the memecoin space, where attention has turned to three cat-themed coins: Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dog’s World (MEW). These feline-inspired tokens have gained traction recently and could be gearing up for further moves in November.
1. Popcat (POPCAT)
POPCAT has shown strong bullish momentum on the 4-hour chart, breaking past multiple resistance zones in recent sessions. Currently, it’s testing the $1.63–$1.67 range, which is now acting as a support level. The price’s ability to maintain this level will be crucial for any sustained upward move.
If POPCAT successfully holds above this support, it has a clear path to the next resistance level, which lies above $1.87 and $1.90. However, a breakdown below $1.63 could signal a short-term reversal, potentially pushing the price back to its previous support levels near $1.40.
2. Mog Coin (MOG)
MOG has formed a bullish “cup and handle” pattern on the daily chart, which is typically a positive signal for upward continuation. The “handle” part of the pattern recently broke above the key resistance level at $0.000018, indicating strength in buyer interest.
If the pattern follows through, MOG should break its current resistance of above $0.00002289. If this breakout happens, we can see MOG to make a major rally in the future.
3. Cat in a Dog’s World (MEW)
MEW recently made a significant move, breaking through a major resistance level at $0.0087–$0.0093. This breakout is encouraging, as it suggests increased momentum and could act as a catalyst for further gains.
The next key resistance for MEW lies around $0.01171 which is all time high. For MEW to continue its upward trend, it’s essential to stay above the $0.0093 support level. Should it fail to hold this level.
What to Expect Ahead?
With Bitcoin’s strong position at $72K, further bullish momentum in the broader crypto market could positively impact these memecoins as well. Historically, post-election periods in the U.S. have often triggered market rallies, and with upcoming events in November, these memecoins may experience heightened volatility and potentially reach new highs.
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