#catinadogsworld
catinadogsworld
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$MEW (Cat in a Dogs World) remains under heavy selling pressure on the 1H timeframe, with price dropping from the 0.00051 region to around 0.00036. The trend is still bearish, but the token is approaching a potential exhaustion zone.
📊 Technical Outlook:
• RSI around 18 signals deeply oversold conditions.
• Price is testing support near 0.000357, a key short-term level.
• Continuous lower highs and lower lows confirm the downtrend remains intact.
• A relief bounce is possible if buyers step in at current levels.
🎯 Key Levels:
• Support: 0.000357
• Resistance: 0.000384
• Major Resistance: 0.000418 – 0.000452
For now, MEW is in a high-risk, high-volatility phase. A strong volume spike and bullish candle formation would be the first signs of a potential reversal. Until then, caution is warranted as the broader momentum remains bearish.
#MEW #CatInADogsWorld #Solana #CryptoTrading #BinanceSquare
📊 Technical Outlook:
• RSI around 18 signals deeply oversold conditions.
• Price is testing support near 0.000357, a key short-term level.
• Continuous lower highs and lower lows confirm the downtrend remains intact.
• A relief bounce is possible if buyers step in at current levels.
🎯 Key Levels:
• Support: 0.000357
• Resistance: 0.000384
• Major Resistance: 0.000418 – 0.000452
For now, MEW is in a high-risk, high-volatility phase. A strong volume spike and bullish candle formation would be the first signs of a potential reversal. Until then, caution is warranted as the broader momentum remains bearish.
#MEW #CatInADogsWorld #Solana #CryptoTrading #BinanceSquare
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