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The Meow price has soared 22% in the last 24 hours to trade at $0.00595 as of 7:00 a.m. EST on a 44% plunge in trading volume to $139 million.
Meow Price Signals A Bullish Trend Continuation
The MEOW/USD trading pair on the 1-day timeframe is showing signs of a potential bullish continuation after a recent pullback. MEOW recently found support around $0.0045 – $0.0050, leading to a rebound. This level aligns with the base of an earlier parabolic growth phase. If the price maintains this support, it could attempt another upward push toward the resistance zone at $0.0075 – $0.0080, where previous rejections occurred.
The 50-day moving average (MA), currently at $0.004131, is acting as a dynamic support. The price remains above this level, indicating an overall bullish trend. If it holds, the price could continue its upward trajectory. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is showing early signs of a bullish crossover, with the MACD line at 0.00040356 attempting to move above the signal line at 0.00073523.
MEOWUSD Analysis Source: Dextools.io
If this crossover is confirmed, it could signal renewed bullish momentum. Additionally, the Relative Strength Index (RSI) is at 52.44, placing it in a neutral zone. If the RSI climbs above 60, it could confirm increased buying pressure.
For a bullish case, the price needs to sustain support above $0.0045 – $0.0050 and break through $0.0075 – $0.0080 to continue its upward movement. A confirmed breakout could push the price higher.
On the bearish side, failure to hold support could lead to a decline toward $0.0035 or even the historical support zone near $0.0020. Traders should watch for a MACD crossover, an RSI breakout above 60, and strong volume confirmation before entering long positions.
Traders Flock To Catslap (SLAP)
As the Meow price tries to keep its bullish move going, traders are turning to new meme coin Catslap (SLAP), the token behind a viral web game where players earn crypto by slapping cultural icons.
The Catslap team recently burned $1 million worth of tokens, reducing the total supply and possibly boosting the price of the Slap-to-Earn cryptocurrency.
The token burn also marked the end of the Slapdrop contest, during which investors staked over 500 million SLAP tokens. While the staked tokens remain safe, any unclaimed staking rewards will be burned on Feb. 14, further reducing supply and supporting the token’s value.
The fire department just unfollowed. They can’t keep up with these burns. 😺
9 days … 🔥 pic.twitter.com/3lIqfTPtlW
— Catslap (@CatSlapToken) February 5, 2025
Following an impressive 969% surge from its presale price, SLAP is rapidly gaining traction, fueled by growing investor interest and potential pro-crypto policies in the US. As it gains momentum, Catslap is positioning itself as a leader in the meme coin sector, with the potential to outpace rivals like MEOW and MOG.
With the upcoming “MEGABURN” event scheduled in the next 7 days, investors are eagerly anticipating a huge price surge. Even crypto influencer Jacob Crypto Bury, who boasts over 45K subscribers on YouTube, has predicted that SLAP could become the next 100X meme coin to dominate the market.
Additionally, Catslap’s partnership with Best Wallet (BEST), one of the fastest-growing and most innovative crypto wallets, also gives it exposure to over 105,000 users.
Right now SLAP is selling for $0.00121231 and can be purchased directly on the project’s website using ETH, USDT, or a bank card. Alternatively, investors can also purchase the meme coin through the centralized exchange MEXC.
Buy SLAP here before the project’s “MEGABURN” event in 7 days.
Related Articles:
Catslap (SLAP) – New Cat Meme Coin On Ethereum
- Listed on MEXC
- Featured on Cointelegraph
- Trending on CoinGecko, DEXTools
- 10,000+ Holders
- Slap To Earn Utility
- Token Burns
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