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<p>The popular Solana-based meme coin Cat in a Dog World (MEW) is gaining significant attention from the crypto community due to its impressive performance with a surge of over 90% in recent days. Amid the rally, the sentiment of the meme coin has shifted from a downtrend to an uptrend.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-cat-in-a-dog-world-mew-technical-analysis-and-upcoming-levels-nbsp"><strong>Cat in a Dog World (MEW) Technical Analysis and Upcoming Levels&nbsp;</strong></h2>   
<p>According to the expert technical analysis, MEW appears bullish as its significant rally has broken through a strong resistance level of $0.0085. However, in the past few days, it entered a consolidation zone but with today’s 17% upside momentum, it has broken out of the consolidation zone.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/10/22061153/MEWUSDT_2024-10-22_06-11-42.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/22061153/MEWUSDT_2024-10-22_06-11-42-1024x448.png" alt="" class="wp-image-370185"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>   
<p>Based on the recent price action and historical momentum, there is a strong possibility it could soar significantly and reach a new all-time high in the coming days. However, this bullish price action pattern on the daily chart will not be confirmed until the asset closes a daily candle above the $0.0098 level.</p>   
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics-nbsp"><strong>Bullish On-Chain Metrics&nbsp;</strong></h2>   
<p>MEW’s positive outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, MEW’s Long/Short ratio currently stands at 1.05, indicating a bullish sentiment among traders. Additionally, its open interest jumped by 10% over the past 24 hours, reflecting growing trader participation amid the ongoing price rally.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/10/22061327/image-104-180.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/22061327/image-104-180-1024x351.png" alt="" class="wp-image-370186"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>   
<p>Traders and investors often interpret rising open interest and a Long/Short ratio above 1 as signs of building long positions.&nbsp;</p>   
<p>Combining these on-chain metrics with technical analysis, it appears that bulls are currently dominating the asset and could potentially support MEW in reaching a new all-time high in the coming days.</p>   
<h3 class="wp-block-heading" id="h-current-price-momentum-nbsp"><strong>Current Price Momentum&nbsp;</strong></h3>   
<p>At press time, MEW is trading near $0.0093 and has experienced a price surge of over 4.9% in the past 24 hours. During the same period, its trading volume spiked by 363%, indicating heightened participation from traders and investors, likely driven by the bullish price action.</p>

MEW Set to Hit All-Time High, Key Data Reveals

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