Date: Fri, Oct 18, 2024, 06:52 AM GMT
The cryptocurrency market is enjoying the momentum of the so-called “Uptober” rally, with Bitcoin (BTC) soaring above the $68,000 mark. This positive momentum is spilling over into altcoins and memecoins, particularly two standout Solana-based options: Popcat (POPCAT) and Cat in a Dogs World (MEW). Both of these memecoins are making waves today, but MEW seems to have a stronger bullish outlook.
Cat in a Dogs World (MEW)
MEW is experiencing a remarkable rally, surging 9.58% in the last 24 hours and an impressive 111% over the past month. Just an hour ago, MEW hit a new all-time high of $0.00968.
Currently, it is trading at $0.009088 and is retesting a major breakout resistance that previously helped it reach its all-time high. If MEW can successfully confirm a trading price above $0.010, it could trigger a significant rally, potentially pushing its price up to $0.015 in the coming days.
Popcat (POPCAT)
On the other hand, Popcat is the top performer among memecoins today, boasting a 13% surge and an impressive 90% rally in the last 30 days. Notably, POPCAT has flipped Celestia (TIA) in total market cap, now sitting at $1.33 billion.
Currently trading at $1.36, Popcat is approaching its next resistance level at around $1.55. A breakout above $1.57 could pave the way for further gains.
Why MEW Looks More Bullish
The bullish outlook for MEW is evident in its chart. It has recently broken out from its previous high of $0.0092, a level it had struggled beneath since April 2024. This breakout signals strong momentum and a potentially brighter future for MEW compared to other memecoins.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.