🌎 Cat in a Dogs World Token Surges 42% Amid Binance Listing News

Cat in a Dogs World (MEW) price saw a significant rise after positive news from Binance. The token surged for three consecutive days, reaching a high of $0.0050, its highest point since June 11th. This marks a 42% increase from its lowest point on Friday.

Cat in a Dogs World, a meme coin on the Solana blockchain with a market cap exceeding $432 million, experienced this recovery even as most cryptocurrencies faced a decline. Investors were optimistic following Binance’s announcement, the largest crypto exchange globally, that it would list MEW in its perpetual futures marketplace. This listing allows users to trade its futures with up to 50x leverage. Typically, cryptocurrencies rise after being listed by major exchanges.

Launched a few months ago, Cat in a Dogs World aims to compete with popular dog-themed tokens like Shiba Inu, Floki, and Baby Doge Coin. At its peak, MEW had a market cap of over $586 million, ranking it among the top meme coins. However, like many other tokens, it has since pulled back, losing a significant portion of its gains as market sentiment declined.

Data from DEXTools indicates that MEW has over 183,000 holders, making it one of the most held meme coins in the industry. This popularity is a testament to its strong community support and investor interest.

Cat in a Dogs World Price Forecast

The four-hour chart reveals that the MEW price bottomed at $0.0028 on May 20th amid a broader meme token sell-off. It has since rebounded and tested the crucial resistance point at $0.0050. The token’s price has also climbed above the 25-period and 50-period Exponential Moving Averages (EMA), a positive technical indicator.

Additionally, MEW has moved above the Woodie pivot point and entered the Ichimoku cloud indicator, signaling potential bullish momentum. Oscillators such as the Relative Strength Index (RSI) and the MACD are also trending upwards, with the RSI nearing the overbought level.

Given these indicators, the Cat in a Dogs World token price is likely to continue rising as buyers aim for the first resistance at $0.005500. However, it may resume a downward trend once the Binance listing hype diminishes.