The Cat In A Dogs World price plunged 23% over the last 24 hours to trade at $0.002963 as of 3:30 a.m. EST even as it secured a listing on Bitpanda. 

Get ready, $MEW is live via #BitpandaSpotlight!@MewsWorld is a new crypto project on Solana aiming to challenge the dominance of dog-themed meme coins.

Learn more: https://t.co/azG1X3r1qI

Are you a $BEST VIP and subscribed to #MEW during the countdown?

Nice, your giveaway… pic.twitter.com/WFFP6EElpt

— Bitpanda (@Bitpanda_global) April 12, 2024

Cat In A Dogs World Price Prediction: Where is MEW Headed?

Analysing the MEW charts, we noticed a head and shoulders pattern marked on the chart with three tops (Top 1, Top 2, and Top 3). The Head and Shoulders indicate a bearish reversal pattern after an uptrend, attributing to the current downtrend on the Cat In A Dogs World price.

Looking at other indicators, the Relative Strength Index (RSI) shows a value of approximately 33.26, as it now exits the oversold territory (usually considered below 30). This could indicate that the asset is starting to see some buying pressure.

On the other hand, the Moving Average Convergence Divergence (MACD)is below the signal line (orange) and both are below the zero line. This is considered a bearish signal. The histogram bars are also red and below the zero line, which further confirms the bearish momentum.

However, the MACD line is approaching a cross-over above the signal line as the histograms also head for the green zone, suggesting that bearishness could fade away from the markets.

Generally, the head and shoulders pattern clarifies the earlier reversal trend from bullish to bearish. However, as the RSI and MACD suggest, the meme coin could now be on course for a price recovery as some buying pressure mounts. 

2-hour MEW/USDT Chart | Source: TradingView

Meanwhile, as the Cat In A Dogs World price corrects, the Slothana (SLOTH) presale is emerging as another promising alternative for meme coin lovers.

A Promising Alternative For MEW?

The main character of this new project is a sluggish office sloth that quits its job and dreams of reaching a market cap of $420 million.

So far, things are progressing well, with presale funds raised racing past $10 million in less than two weeks, prompting the developer to offer a last chance for investors to buy. 

Slothana is a new ”send SOL” type presale where investors send SOL to an address. There is no timer, stages, hard cap, whitepaper, or other project details. One SOL buys 10,000 SLOTH tokens, which will be airdropped to buyers at the end of the presale.

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The project has yet to announce when the presale will end and when its tokens might see their first official listing. What is known, however, is that Slothana will pursue listings on both DEXes and CEXes, which was decided by its community via a poll vote on X.

🚀Thanks to you lazy sloths for casting your votes in our recent poll! 🌿 Your voices have been heard loud and clear, and now it’s time for us to get to work on delivering to our loyal followers. Stay tuned as we hustle (well, sloth-crawl) to make it happen! #Slothana #memecoin

— Slothana (@SlothanaCoin) April 5, 2024

The problem with this type of presale is that you never know when it will end. So, for meme coin lovers who might be attracted to the potential of this particular lazy SLOTH, the best time to buy is now before the presale extension ends.

Visit the official website here to buy SLOTH here.

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• Source: https://insidebitcoins.com/news/cat-in-a-dogs-world-price-prediction-mew-plunges-23-as-this-solana-rival-offers-a-last-chance-to-buy