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. Over the weekend, as the crypto market bounces back, the cat-themed meme coins on the Solana ecosystem blast off to the MOON!
Cat-themed tokens could drive the next bull run, with the meme coins being the centre of attraction for crypto investors in 2024. So, let’s take a closer look at Solana-based cat-themed meme coins to find out if they are worth investing
With a market cap of $652M, the Cat in a Dog World is the second-biggest cat-themed meme coin. Based on the Solana ecosystem, the broader ecosystem recovery will bring additional demand for the MEW token.
As per the logarithmic price chart, the MEW token price action reveals a trendline breakout rally. 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.
With a double bottom reversal in the daily logarithmic price chart, the WEN price ends the correction phase. Trading at $0.00016 and a market cap of $122M, the cat-themed meme coin has surged 77% in a fortnight.
With the overhead resistance trendline breakout, the WEN price is expected to continue the bull run. Supporting the double bottom and trendline breakouts, the MACD indicator bolsters the bull run.
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.
With a market cap of $72M, the cat-themed meme coin MANEKI has surged by 55% in the last two weeks. However, the uptrend takes a hit 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. Further, 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.
With a market cap of $36M, the Catwifhat offers massive upside potential with a recent breakout rally. The cat-themed meme coin shows 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 pert 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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