**Cat in a Dogs World (MEW) Sees Remarkable Price Surge Following Binance Announcement**
Cat in a Dogs World (MEW) has experienced a significant price resurgence, climbing for three consecutive days to reach a peak of $0.0050, the highest level since June 11th. This marks a 42% increase from its recent low on Friday.
Cat in a Dogs World is a popular Solana-based meme coin with a market capitalization exceeding $432 million. Its recent surge comes amid a general downturn in the cryptocurrency market. This recovery was spurred by a positive announcement from Binance, the world’s largest cryptocurrency exchange.
In a recent statement, Binance revealed plans to list MEW in its perpetual futures marketplace. This listing will enable users to trade MEW futures with leverage up to 50x. Historically, cryptocurrencies often experience price increases following listings on major exchanges.
Launched a few months ago, Cat in a Dogs World aims to compete with other dog-themed tokens like Shiba Inu, Floki, and Baby Doge Coin. At its peak, MEW boasted a market cap of over $586 million, ranking it among the largest meme coins. However, like many cryptocurrencies, it saw a decline as market sentiment worsened.
Despite this, data from DEXTools indicates that MEW has over 183,000 holders, making it one of the most widely held meme coins in the industry.
**Cat in a Dogs World Price Forecast**
The four-hour chart reveals that MEW’s price bottomed out at $0.0028 on May 20th during a broader meme token sell-off. Since then, it has rebounded, testing the crucial resistance level at $0.0050.
MEW has also climbed above the 25-period and 50-period Exponential Moving Averages (EMA), and surpassed the Woodie pivot point, entering the Ichimoku cloud indicator. Additionally, oscillators such as the Relative Strength Index (RSI) and the MACD have turned upwards, with the RSI approaching the overbought territory.
Given these indicators, it is likely that MEW’s price will continue to rise as buyers target the first resistance at $0.0055. However, the upward momentum may eventually taper off as the initial excitement from the Binance listing wanes.