Cat Slumps 29% in Crypto Market Volatility, While Smog Soars on MEXC Debut

The Cat In A Dogs World (MEW) price plummeted 29% to $0.0066. Despite the dip, the recent listing on KuCoin and the potential for more exchange listings could drive MEW's price higher. Technical analysis indicates a potential trend reversal over the falling wedge, with a target at $0.0085. Meanwhile, Smog (SMOG) spiked 12% following its first listing on MEXC, with a potential for further growth due to its airdrop campaign and high APY for staking.

Cat In A Dogs World Plummets 29%, While Smog Soars on MEXC Listing

The cryptocurrency market has witnessed significant volatility over the past 24 hours, with Cat In A Dogs World (MEW) and Smog (SMOG) experiencing contrasting price movements.

Cat In A Dogs World Price Plunges

MEW has experienced a steep decline, losing approximately 29% of its value to trade at $0.0066 as of 03:02 a.m. EST. This sharp downturn was accompanied by a 39% drop in trading volume, which fell to $209 million.

The price plunge comes amid ongoing efforts by MEW to secure listings on reputable exchanges, including KuCoin, the latest platform to feature the token. While these listings aim to enhance visibility and attract additional attention from the crypto community, the current market downturn has weighed heavily on MEW's price performance.

Technical Analysis Points to Potential Rally

Despite the recent price drop, the Cat In A Dogs World price chart offers some encouraging signs. After its launch, the token surged to an all-time high (ATH) of nearly $0.01 on March 30. However, subsequent attempts by the bulls to regain momentum have proven unsuccessful, resulting in a decline within a falling wedge pattern.

Technical analysts observe that the bears' grip on the price appears to be weakening at the $0.0058 support level. The bulls have staged a price reversal, with MEW crossing above the falling wedge. This development suggests a potential trend reversal and a possible push towards higher levels.

Moreover, the Relative Strength Index (RSI) has begun to climb from oversold territories, currently resting above the 50-midline level at 54. If the bulls maintain their current buying pressure, the RSI could escalate into the 70-overbought region, indicating intense purchasing activity.

Cat In A Dogs World Price Prediction

Based on the technical analysis, the Cat In A Dogs World price seems poised for a trend reversal above the falling wedge. Bulls aim for a push towards the $0.0085 target, a move that would represent a significant rebound from current levels.

However, the RSI's current equilibrium position around the 50-midline suggests some uncertainty. Should the bears regain control, the price could retrace back to the $0.0059 support zone, providing a platform for the bulls to regroup and attempt another upward surge.

Smog Spikes on MEXC Listing

In contrast to MEW's price decline, Smog has experienced a surge in value following its initial listing on MEXC, a reputable cryptocurrency exchange. The dragon-themed meme coin has witnessed a remarkable 12% price increase since the listing went live earlier today.

Smog has garnered attention within the Solana ecosystem with its ambitious airdrop campaign, described as "the greatest in history." The development team has allocated a substantial 35% of the token's total supply for distribution through this airdrop.

The recent MEXC listing is expected to open doors for additional top-tier exchange listings, further boosting the coin's visibility and potential for growth. The airdrop campaign's second season will emphasize on-chain trading activity, incentivizing users to engage with the Smog ecosystem.

Smog: A Potential for 100X Gains

Prominent crypto channels, such as 99Bitcoins on YouTube, have expressed optimism about Smog's potential for significant gains, suggesting the possibility of a 100X increase. Users can acquire Smog tokens through the official website or compatible wallets by swapping ETH or USDT. Credit card payments are also accepted, providing ease of access for a broader audience.

The cryptocurrency market remains highly volatile, and investors should exercise caution when making investment decisions. While technical analysis can provide valuable insights, it is essential to conduct thorough research and consider the overall market conditions before committing capital.