Is Cat in a Dog’s World [MEW] Really Ready to Pounce? 😂🐾

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Key Takeaways

The spectacular feline, known as cat in a dogs world [MEW], has danced a glorious jive, soaring by 22% to reach a scenic 2-month high of $0.004. But, oh darling, the party turned sour as it retraced to $0.0039 faster than a cat can lick its paw. 😼 The memecoin, like a weary traveler, faces fierce resistance from profit-takers eager to cash in on their hard-earned gains.

This bold little creature, the cat in a dogs world [MEW], basked in the sun, rallying 22% and breaking free from a gloomy multi-month downtrend! Just picture it, reaching for the stars at a dazzling $0.00406 before deciding, “Nah, let’s keep it casual,” and settling back at $0.0039. 🎉

In this spectacle, trading volume exploded like a firecracker, jumping a staggering 522.9% to $284 million, while market capitalization inflated to $349 million, boasting a nifty 18% gain. 💵 As they say, more volume, more fun (or more trouble?).

This begs the question, dear friends: Are we witnessing a speculative bubble inflated with hot air, or has the cat finally found its groove towards a sustained uptrend? 🤔

Futures Drive MEW’s Rally

As if conjured by a wizard, in this mystical realm of crypto, investors flocked to risk it all on MEW’s next merry adventure! Who, after all, wouldn’t want to ride the wave with a cat that seems to have nine lives? 🐱‍👤

Like amateur gamblers at a casino, Open Interest jumped 57% to $48.36 million, while Derivatives Volume skyrocketed by 695% to $358 million, sending the doggos into a frenzy! When these two bounce together, it’s a sure sign of extra enthusiastic participation in Futures land. 🎰

As a result, MEW’s Funding Rate soared to 0.0046, flipping like a pancake from yesterday’s negative. A positive Funding Rate reflects a higher demand for folks wishing to go long!💪

The long positions have leapt to 63.8%, while short positions twiddle their thumbs at 38%. Seems like the majority are placing their bets on a moonshot! 🌕

Watch Out for Those Profit Takers! 💰

As our beloved cat in a dogs world ascended, investors, freshly drenched from their misadventures, couldn’t resist and rushed in to cash out. One can hardly blame them! Who wouldn’t want to cut their losses while the going is good?

According to the oracle, CoinGlass, our feline friend recorded net positive Exchange Netflow for two glorious days. As of now, it stands at about $1.57 million—an increase of half a million from yesterday. Bingo! 🎊

When Exchange Netflow tilts positive, we can infer that sellers are basking in the limelight, opting to sell more than they buy. The same melodrama unfolded when we observed the Aggregated Spot Buy Sell Volume.🛒

In an exciting twist on the grand 16th of July, buyers were like hungry cats, snagging 13.09 million tokens, pushing our feline friend closer to the coveted breakout. But alas, by the 17th, the tides turned. The sellers, like crafty foxes, surged past the buyers with a crushing Sell Volume of 31.36 million against a mere 23.94 million Buy Volume!

Thus, the market recorded a negative Sell-Buy Delta of 7.42 million tokens, echoing the tune of aggressive selling dominating the dance floor. 🕺

MEW Stands at the Crossroads 🐾

Per the wise sages at AMBCrypto, our resilient felid has soared with panache as investors waltzed in for their futures. 📈

MEW’s Stochastic RSI is reaching heights that might as well be marked “Overbought!” Concurrently, the Directional Movement Index (DMI) flared to 52, signaling strong upward energy fueling the ruckus.

As momentum indicators rise, we witness a robust trend demanding attention—like a well-fed cat asking for its meal! 😼

Yet, should this upward spree continue, our feline phantasm must reclaim the narrative from pesky sellers and amass enough buying pressure to snatch back $0.004 and even set sights on $0.448. However, warning bells ring; sell-side risks are lurking in every corner. If profit-takers persist with their vendetta, our cat might tumble down to the depths of $0.0033.

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2025-07-18 04:12