The anticipation for the altcoin season lingers. Meanwhile, meme coins inspired by cats are taking the spotlight.
These feline-themed tokens are surpassing major altcoins and achieving new all-time highs, indicating the arrival of a “Cat Season” in the cryptocurrency landscape, as highlighted by renowned analyst Bluntz.
“catszn is truly underway” said Bluntz
Popcat Achieves a New ATH
POPCAT, a meme coin on the Solana network, has reached a new all-time high today, hitting $1.67 following steady gains through October. This marks the third ATH for the meme coin this month, reinforcing its strong upward trend. The ongoing ascent has attracted investor interest, enhancing confidence in its short-term growth prospects.
Many investors are hopeful that POPCAT could exceed $2.00, provided holders remain steadfast and refrain from taking profits prematurely. Continued growth will depend on maintaining confidence in the coin, as early profit-taking could disrupt its upward movement.
Read More: How to Purchase Solana Meme Coins: A Step-By-Step Guide
Nonetheless, should selling pressure increase, POPCAT might face a significant downturn. With critical support resting at $1.00, a sell-off could erase a substantial portion of recent gains, potentially jeopardizing the current bullish sentiment and leading to increased market fluctuations.
Cat in a Dog’s World (MEW) Reaches New ATH
MEW has set a new all-time high at $0.0106, achieving its fourth ATH in just 14 days. This cat-themed meme coin has maintained an upward trajectory, generating considerable interest from investors. The recent price increases reflect the growing momentum behind MEW, establishing it as a leading performer in the meme coin arena.
Over the last 24 hours, MEW surged by 15.6%, averting a potential drop under $0.0090. This increase presents an opportunity for investors to realize profits as the coin continues its bullish trend. The support level at $0.0090 is essential for maintaining the current upward momentum.
However, similar to POPCAT, MEW is at risk of investors taking profits. If significant selling occurs, it could negate the recent gains and potentially invalidate the current bullish outlook.
Simons Cat (CAT) Experiences a Significant Rise
CAT has emerged as one of the top-performing cryptocurrencies this week, soaring nearly 80% in just four days. The meme coin is presently trading at $0.00004379, attracting considerable investor interest. This rapid price growth underscores the strong bullish sentiment surrounding this digital asset, setting it apart in the market.
At this moment, CAT is approaching its all-time high (ATH) of $0.00004650, initially reached about a month ago. With the ongoing bullish momentum, CAT is in a favorable position to break through this threshold and possibly establish a new ATH, further strengthening its bullish outlook.
Read More: 7 Exciting Meme Coins and Altcoins Trending in 2024
However, if CAT is unable to overcome its current ATH, a correction to $0.00004063 may happen. A further decline below that level could push CAT down to $0.00003410, potentially invalidating the bullish thesis and indicating a bearish trend may be forthcoming.
Disclaimer
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