Cat in dogs world (MEW) Token Technical Analysis

26 lug

Since its launch, the MEW has traded in a volatile range. That has led to the creation of a descending triangle pattern over the 1-D chart. In the past two weeks, the surge witnessed has been more than 135%.

Recently, the price has taken a breather to continue thriving higher ahead; this behavior showcases further possibilities of further appreciation in the token.

The indicators have displayed a massive backing from the 500-day EMA band and appear headed to retest the $0.009944 mark. Meanwhile, the MACD has showcased a strong bullish crossover, with a gigantic histogram at 0.0003893. RSI is coming down from overbought territory in order to prepare for another bullish push ahead; as of the press, the RSI was at 69.43.

Therefore, the resistance lies around $0.0088, and $0.0099, respectively. However, the support lies around $0.0062 and $0.0048, respectively.