Memecoins
Solana-Based Cat-Themed Coins Are a Must-Buy This Week
With the success of MOG Coin and Cat in a Dogs World (MEW), the crypto market is becoming more receptive to furry tokens. Over the weekend, as the crypto market rebounds, feline-themed meme coins in the Solana ecosystem are taking off to the MOON!
Cat-themed tokens could be the next big thing as meme coins are the center of attraction for crypto investors in 2024. So, let’s take a closer look at Solana-based cat-themed meme coins to see if they are worth investing in.
Cat-Themed Meme Coins to Buy This Week: MEW
With a market cap of $652 million, Cat in a Dog World is the second-largest cat-themed cryptocurrency. Based on the Solana ecosystem, the broader ecosystem recovery will drive additional demand for the MEW token.
According to the logarithmic price chart, the MEW token price action reveals a trendline breakout. The recovery turned into a rally breakout represents a 135% price increase in seven days and hints at a new all-time high.
Based on the Fibonacci levels, a break above $0.0077 could push the MEW meme coin price up to the $0.016 mark.
WEN (WEN)
With a double bottom reversal in the daily logarithmic price chart, WEN price ends the correction phase. Trading at $0.00016 and a market cap of $122 million, the cat-themed meme coin has surged 77% in a fortnight.
With the break of the overhead resistance trendline, WEN price is expected to continue its bull run. Supporting the breakouts of the double bottom and the trendline, the MACD indicator strengthens the bull run.
The uptrend is challenging the 38.20% Fibonacci level at $0.00017. According to the retracement levels, the uptrend could reach the 78.60% level at $0.00034.
MANEKI (MANEKI)
With a market cap of $72 million, the cat-themed cryptocurrency MANEKI has surged 55% over the past two weeks. However, the uptrend is taking a hit this week, starting with an intraday decline of 7.89%.
In the daily logarithmic price chart, MANEKI price breaks above the secondary resistance trendline. Moreover, the intraday decline retests the broken trendline, which suggests a post-retest surge in the meme currency.
Trading near the 38.20% Fibonacci level at $0.0085, the meme coin surged above the psychological mark of $0.010. In such a case, the critical resistance trendline could be tested near the 61.80% Fibonacci level at $0.014.
Cat Hat (CWIF)
With a market cap of $36 million, Catwifhat offers considerable upside potential with a recent breakout rally. The cat-themed meme coin is showing a double bottom reversal from the psychological level of $0.00000051 to end the correction phase.
The reversal rally breaks above the resistance trendline and has surged by almost 100% in the last 72 hours. According to the trend-based Fibonacci level on the logarithmic price chart, the meme coin could challenge the $0.00000018407 level.
In case of an upside breakout, CWIF price could reach the $0.00000066299 mark.