$WIF: Is the Cat Finally Outperforming the Dogs in Meme Coin Race?
- MEW drops 22.36% after hitting $0.005744 peak, reflecting strong selling pressure.
- WIF declines 9.25% to $3.56, forming a bearish ‘lower highs’ pattern.
- MEW partners with LOCUS Animation to launch 3D series, boosting entertainment presence.
The price of CAT in a DOG’S WORLD (MEW), a memecoin built on the Solana blockchain, experienced a volatile swing on May 29.
After a significant 20% increase, MEW encountered resistance at an intraday high of $0.005744. This resistance triggered a correction, marked by a decline as selling pressure intensified. Initially, the price found temporary support around the psychological level of $0.005000, but this support soon gave way, leading to a more profound decline.
MEW/USD 24-hour price chart (source: CoinMarketCap)
As of press time, the price had stabilized at $0.004431, reflecting a 22.36% drop from the day’s peak. Concurrently, the trading volume decreased by 14.56%, indicating strong seller participation and contributing to the downward price movement.
Market Sentiment and Outlook for MEW
The recent price decline and increase in trading volume suggest a shift towards bearish sentiment in the market. …
The post $WIF: Is the Cat Finally Outperforming the Dogs in Meme Coin Race? appeared first on Coin Edition.
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$WIF: Is the Cat Finally Outperforming the Dogs in Meme Coin Race?
- MEW drops 22.36% after hitting $0.005744 peak, reflecting strong selling pressure.
- WIF declines 9.25% to $3.56, forming a bearish ‘lower highs’ pattern.
- MEW partners with LOCUS Animation to launch 3D series, boosting entertainment presence.
The price of CAT in a DOG’S WORLD (MEW), a memecoin built on the Solana blockchain, experienced a volatile swing on May 29.
After a significant 20% increase, MEW encountered resistance at an intraday high of $0.005744. This resistance triggered a correction, marked by a decline as selling pressure intensified. Initially, the price found temporary support around the psychological level of $0.005000, but this support soon gave way, leading to a more profound decline.
MEW/USD 24-hour price chart (source: CoinMarketCap)
As of press time, the price had stabilized at $0.004431, reflecting a 22.36% drop from the day’s peak. Concurrently, the trading volume decreased by 14.56%, indicating strong seller participation and contributing to the downward price movement.
Market Sentiment and Outlook for MEW
The recent price decline and increase in trading volume suggest a shift towards bearish sentiment in the market. …
The post $WIF: Is the Cat Finally Outperforming the Dogs in Meme Coin Race? appeared first on Coin Edition.
Read More