The post Must Buy Cat-Themed Meme Coins Amid Market Recovery appeared first on Coinpedia Fintech News
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.