After the era of dogs and frogs, cats have now claimed their space in the memecoin world. Leading this trend is cats in a dogs world [MEW], which pounced to an all-time high [ATH] of $0.0117 on the charts.

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Cats in a dogs world [MEW], a Solana [SOL]-based memecoin, has claimed the top spot among the market’s daily gainers with a 7.91% hike. This surge follows MEW’s recent all-time high [ATH] and a listing on Upbit.

Here’s a closer look at how the bullish momentum might fare.

The RSI’s press time value of 75.98 indicated the asset was slightly overbought, which may lead to a correction. Additionally, a dip in the OBV to 45.725 million alluded to a mild fall in buying pressure.

In the event of a pullback, the $0.009 level can likely provide support to MEW. However, if selling pressure intensifies, the price could retrace towards the 20 EMA at around $0.008.

A fall below this level would slightly tip the scales in the sellers’ favor. On the other hand, if the bulls hold steady, the token could continue rising, potentially hitting new record highs.

However, before the bull rally continues, a short-term drop could be on the cards.

A closer inspection of the Coinglass liquidation heatmap revealed a significant liquidity cluster around $0.011. Another stronger magnetic zone was found at $0.0109.

These clusters suggested the price may briefly dip to these levels to capture liquidity before the uptrend resumes, drawing in fresh buying interest from these zones.

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