Current Landscape and Market News
Right now, “Cat in a Dog’s World” (MEW) is sitting at around $0.00090636, down about −0.75% over the past 24 hours. It’s a small dip, but the community buzz around MEW has been pretty intense lately. We’re seeing big token burns, community livestreams, and a lot of social media chatter that’s keeping holders hopeful. Everyone’s watching to see how these supply burns and liquidity movements—especially on Solana DEX platforms like Raydium—play out against the speculative trading momentum. The elephant in the room, though, is that MEW hasn’t really delivered on promised utility like app launches or media content. Plus, it’s still way down from its previous highs, which creates some serious psychological barriers. So we’ve got this interesting tug-of-war brewing between bearish pressure from cautious investors and bullish potential driven by community hype and narrative.
Technical Indicators and Key Levels
Looking at the daily charts, MEW’s Relative Strength Index (RSI) is hovering in neutral to slightly oversold territory. It’s not screaming “fire sale” yet, but it’s getting to a point where buyers might start seeing value. Trading volume has been steady but unremarkable, with occasional spikes that line up with community events like burns and livestreams. This tells us that the more committed holders are sitting on the sidelines, waiting for the right moment to jump in.
The moving averages paint a pretty clear picture—MEW is trading well below its 20-day, 50-day, and 100-day EMAs. This creates a downward sloping structure, and these EMAs are basically acting as overhead resistance if the price tries to rally. The MACD has probably been showing negative momentum, with the signal line sitting above the MACD line. Until we see those two cross over with the MACD pushing upward, the path of least resistance is still down.
Support looks solid around $0.00085 to $0.00075—these are levels where buyers have stepped in before. On the flip side, resistance is parked between $0.00110 and $0.00130, which lines up with previous peaks and where those moving averages are clustered. If MEW can break through that resistance zone with strong volume behind it, we might be looking at the start of a real reversal. But if it gets rejected there, we could easily see another drop.
Scenario-Based Price Forecasts
Bullish Reversal Scenario
Here’s the optimistic take: if those token burns keep ramping up and community events start bringing in fresh money, MEW could realistically push back up to $0.00110. Break through that level, and $0.00130 comes into play—though that’s where things get tougher with those long-term EMAs and previous supply zones creating resistance. What we’d want to see for this scenario to play out is a MACD bullish crossover on the daily chart, RSI climbing above 60, and most importantly, a real increase in trading volume that shows conviction, not just speculation.
Bearish Risk Scenario
On the other hand, if selling pressure picks up—maybe from people who bought higher and want out, or from broader market weakness hitting risk assets—and MEW slips below $0.00085, the next stop is probably $0.00070. Fall below that, and we’re looking at $0.00050 to $0.00060 as the next target. There’s not a whole lot of support between these levels, so it could get there quickly. Heavy resistance overhead, declining volume, and getting rejected at those moving averages would all fuel this bearish path.
Which Signals to Monitor Closely
– Keep an eye on the MACD on the daily chart—watch for that crossover from negative to positive momentum;
– RSI bouncing off the 30-40 range could signal a reversal, especially if accompanied by volume;
– Moving averages are crucial—a daily close above the 50-day or 100-day EMA could shift the whole trend;
– On-chain activity matters here: token burns and whale wallet movements have historically triggered short-term price bumps;
– Don’t ignore social sentiment—sudden upticks in community buzz or major influencer attention can kickstart speculative runs and act as catalysts.
Likely Near-Term Path
Being realistic about it, with the current weakness and lack of concrete utility developments, MEW will probably keep bouncing around in the $0.00075–$0.00110 range for a while. Without a strong catalyst—whether that’s positive news like burns, new exchange listings, or actual utility, or negative like a broader market selloff or regulatory concerns—the likely scenario is more testing of the lower support levels. That said, if MEW can combine technical strength with a compelling narrative, a move back toward that $0.00130 resistance isn’t out of the question. But it won’t happen without real volume and momentum to back it up.
