Cat-Themed Meme Coins Could Drive the Next Bull Run, MEW, WEN, MANEKI, CWIF Tokens to Buy This Week
- WBOYOriginal
- 2024-07-22 19:42:211094browse
With the success of the MOG Coin and Cat in a Dogs World (MEW) meme coin, the crypto market acts more accepting of furball tokens.
As the crypto market rebounds, cat-themed meme coins on the Solana ecosystem are blasting off to the moon! Could cat-themed tokens drive the next bull run, with meme coins being the center of attraction for crypto investors in 2024? Let's take a closer look at some Solana-based cat-themed meme coins to find out if they are worth investing in.
Cat-Themed Meme Coins To Buy This Week: MEW
* The Cat in a Dog World (MEW) is the second-largest cat-themed meme coin, boasting a market cap of $652M. Built on the Solana ecosystem, the broader ecosystem recovery will instill additional demand for the MEW token.
* A glance at the logarithmic price chart reveals a trendline breakout rally in the MEW token price action. The recovery-turned-breakout rally accounts for a 135% price jump in seven days and hints at a new all-time high.
* Based on the Fibonacci levels, a breakout above $0.0077 could pump the MEW meme coin price to the $0.016 mark.
WEN (WEN)
* A double bottom reversal in the daily logarithmic price chart helps the WEN price conclude its correction phase. Trading at $0.00016 with a market cap of $122M, the cat-themed meme coin has surged by 77% in a fortnight.
* As the overhead resistance trendline breaks out, the WEN price is expected to continue its bull run, supported by the double bottom and trendline breakouts and the MACD indicator.
* The bull run challenges the 38.20% Fibonacci level at $0.00017. As per the retracement levels, the uptrend could hit the 78.60% level at $0.00034.
MANEKI (MANEKI)
* Cat-themed meme coin MANEKI has surged by 55% in the last two weeks, boasting a market cap of $72M. However, the uptrend seems to be slowing down this week, starting with an intraday drop of 7.89%.
* In the daily logarithmic price chart, the MANEKI price breaks above the secondary resistance trendline, while the intraday drop retests the broken trendline, teasing a post-retest jump in the meme coin.
* Trading near the 38.20% Fibonacci level at $0.0085, the meme coin has teased a jump above the $0.010 psychological mark. In such a case, the critical resistance trendline could be tested near the 61.80% Fibonacci level at $0.014.
Catwifhat(CWIF)
* Catwifhat offers massive upside potential with a recent breakout rally, given its market cap of $36M. The cat-themed meme coin showcases a double bottom reversal from the $0.00000051 psychological level to end the correction phase.
* The reversal rally breaks above the resistance trendline and has increased by almost 100% within the last 72 hours. As per the trend-based Fibonacci level on the logarithmic price chart, the meme coin could challenge the $0.00000018407 level.
* In case of a bullish breakout, the CWIF price could hit the $0.00000066299 mark.
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