MEW: Solana-Based Meme Coin Soars 14% on Major Exchange Listings

21. Okt.

In the competitive world of meme coins, Cat in a Dog’s World (MEW) has emerged as a key player after securing a significant listing on the South Korean crypto exchange Upbit. Following in the footsteps of Dogecoin (DOGE) and Shiba Inu (SHIB), MEW's inclusion in the KRW market has catapulted its price by 14%, positioning the coin for continued upward momentum.

Upbit’s announcement of the MEW/KRW trading pair comes as a major development, giving the Solana-based token exposure to a broader market. With Upbit being a major player in the Asian crypto space, the listing brings MEW closer to mainstream adoption, sparking bullish sentiment in the market.

MEW's Growing Influence
The recent listing on Upbit is a significant milestone for MEW, marking it as the third meme coin to achieve this feat after Dogecoin and Shiba Inu. The decision to peg MEW to the Korean Won (KRW) is crucial as it opens the token to a massive audience of South Korean traders and investors. This development follows the earlier listing of MEW in BTC and USDT markets, further extending its market reach.

In addition to Upbit, Kraken also listed MEW on October 8th, 2024, sparking further price rallies and pushing the token to its recent ATH. These exchange listings are a testament to the growing interest in the Solana-based meme coin, positioning it as a token to watch in the coming months.

With MEW gaining significant trading volume (up 370%) and a remarkable 14% price jump following the Upbit listing, it’s clear that the token is benefiting from increased market visibility and investor confidence. MEW’s total futures open interest (OI) is also up 16%, adding to the optimism surrounding its bullish trajectory.

Technical Outlook: MEW Primed for Further Gains
From a technical perspective, MEW shows signs of continued bullish momentum. As of the time of writing, MEW is up 4.51%, trading at $0.009561 after breaking through a former resistance point. This price action comes on the heels of the Upbit listing, positioning MEW to revisit previous highs and potentially reach new all-time highs (ATH).

The Relative Strength Index (RSI) sits at 62.67, indicating bullish conditions without being overbought. This positioning primes MEW for an upward move towards its pivot point of $0.01, a psychological level that could open the floodgates to further price rallies. Should MEW surpass this point, it could enter a new bullish cycle with increased price discovery.

In the event of a retracement, MEW has solid support at $0.008, a former resistance level that could provide a strong foundation for future growth. This combination of bullish indicators and fundamental catalysts makes MEW a token with high potential in the meme coin space.

Conclusion: MEW’s Road to the Top
MEW's recent listings on Upbit and Kraken have sparked a new wave of optimism, pushing the Solana-based meme coin into the spotlight. With technical indicators supporting a bullish case and increased trading volume confirming investor interest, MEW is positioned for continued gains. As it approaches its pivotal $0.01 level, all eyes are on MEW as it looks to break into new highs.