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The Meow worth has soared 22% within the final 24 hours to commerce at $0.00595 as of seven:00 a.m. EST on a 44% plunge in buying and selling quantity to $139 million.
Meow Value Indicators A Bullish Pattern Continuation
The MEOW/USD buying and selling pair on the 1-day timeframe is displaying indicators of a possible bullish continuation after a current pullback. MEOW lately discovered assist round $0.0045 – $0.0050, resulting in a rebound. This degree aligns with the bottom of an earlier parabolic development part. If the worth maintains this assist, it may try one other upward thrust towards the resistance zone at $0.0075 – $0.0080, the place earlier rejections occurred.
The 50-day transferring common (MA), presently at $0.004131, is performing as a dynamic assist. The worth stays above this degree, indicating an total bullish development. If it holds, the worth may proceed its upward trajectory. In the meantime, the Transferring Common Convergence Divergence (MACD) indicator is displaying early indicators of a bullish crossover, with the MACD line at 0.00040356 trying to maneuver above the sign line at 0.00073523.
MEOWUSD Evaluation Supply: Dextools.io
If this crossover is confirmed, it may sign renewed bullish momentum. Moreover, the Relative Energy Index (RSI) is at 52.44, inserting it in a impartial zone. If the RSI climbs above 60, it may verify elevated shopping for strain.
For a bullish case, the worth must maintain assist above $0.0045 – $0.0050 and break by means of $0.0075 – $0.0080 to proceed its upward motion. A confirmed breakout may push the worth greater.
On the bearish facet, failure to carry assist may result in a decline towards $0.0035 and even the historic assist zone close to $0.0020. Merchants ought to look ahead to a MACD crossover, an RSI breakout above 60, and powerful quantity affirmation earlier than coming into lengthy positions.
Merchants Flock To Catslap (SLAP)
Because the Meow worth tries to maintain its bullish transfer going, merchants are turning to new meme coin Catslap (SLAP), the token behind a viral net sport the place gamers earn crypto by slapping cultural icons.
The Catslap group lately burned $1 million price of tokens, lowering the whole provide and presumably boosting the worth of the Slap-to-Earn cryptocurrency.
The token burn additionally marked the tip of the Slapdrop contest, throughout which traders staked over 500 million SLAP tokens. Whereas the staked tokens stay protected, any unclaimed staking rewards can be burned on Feb. 14, additional lowering provide and supporting the token’s worth.
The hearth division simply unfollowed. They will’t sustain with these burns. 😺
9 days … 🔥 pic.twitter.com/3lIqfTPtlW
— Catslap (@CatSlapToken) February 5, 2025
Following a powerful 969% surge from its presale worth, SLAP is quickly gaining traction, fueled by rising investor curiosity and potential pro-crypto insurance policies within the US. Because it features momentum, Catslap is positioning itself as a frontrunner within the meme coin sector, with the potential to outpace rivals like MEOW and MOG.
With the upcoming “MEGABURN” occasion scheduled within the subsequent 7 days, traders are eagerly anticipating an enormous worth surge. Even crypto influencer Jacob Crypto Bury, who boasts over 45K subscribers on YouTube, has predicted that SLAP may grow to be the subsequent 100X meme coin to dominate the market.
Moreover, Catslap’s partnership with Finest Pockets (BEST), one of many fastest-growing and most progressive crypto wallets, additionally offers it publicity to over 105,000 customers.
Proper now SLAP is promoting for $0.00121231 and might be bought instantly on the undertaking’s web site utilizing ETH, USDT, or a financial institution card. Alternatively, traders can even buy the meme coin by means of the centralized trade MEXC.
Purchase SLAP right here earlier than the undertaking’s “MEGABURN” occasion in 7 days.
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Token Burns
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