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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jul 26, 2024 07:02 UTC
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Must Buy Cat-Themed Meme Coins Amid Market Recovery
With Bitcoin making a comeback overnight, the three-day bearish trend ends with a morning star pattern. As BTC reclaims the $67K level, the cat-themed meme coins quickly bounce back and take the spotlight.
Shifting the tides, the cat-themed meme coins overpower the dog-themed coins for a change in the short-term teases a bull run ahead. So, let’s take a closer look at cat-themed coins to find out if they will continue to outshine their competitors.
Cat-themed Meme Coins To Buy This Week: MOG
With a market cap of $645, the Mog Coin now ranks at #3 in the cat-themed meme coins. Amid the recovery rally, the MOG price has surged by 5.96% in the first Asian market hours.
In the daily chart, the MOG coin shows a rising channel and bull cycle ready to start with a morning star pattern. A potential surge in this cat-themed coin could pump the market price by 38% to challenge the overhead trendline.
Based on the Pivot points standard (monthly), the breakout rally could aim for the $0.0000038 mark.
MEW (MEW)
Ranking as the second biggest cat-themed meme coin, the MEW token trades at $0.00758 with a market cap of $673 Million. Approaching the all-time high of $0.01034, the altcoin is at a discount of 26%.
In the daily chart, the pullback breakout run in the cat-themed coin is struggling near the supply zone at $0.007738. As the meme coins segment with the broader market improves, the MEW token is likely to reach the 1.618 Fibonacci level at $0.0111.
POPCAT SOL (POPCAT)
Closer to a $1 Billion market cap than any other cat-themed meme coin, Popcat (SOL) or POPCAT has a market cap of $857Mn. However, it ranks at #205 in the crypto world with less than 0.0001% market dominance.
Despite the market figures, the POPCAT meme coin shows a massive uptrend in motion with a support trendline in the logarithmic price chart. Further, with the $0.65 breakout rally, the post-retest rally challenges the $1 psychological milestone.
With increased breakout chances, the bull run in the cat-themed coin POPCAT aims for the 1.618 trend-based Fibonacci level at $2.
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