MEW Soars 30% in a Day—Here’s What Fueled the Rally

Crypto’s latest meme darling, MEW, defied gravity with a 30% surge—because nothing says ’sound investment’ like a cat-themed token pumping on vibes alone.

Behind the bounce: Traders piled in after a cryptic tweet from an influencer (naturally), while liquidity pools dried up faster than a DeFi degenerate’s wallet post-leverage farm.

The kicker? Zero fundamental news. Just another day in the casino—where technical analysis is astrology for finance bros.

Signs of continuation

From a technical perspective, MEW appears well-positioned for a potential continuation of the ongoing rally.

On the 1-day/USDT price chart, MEW seems to be forming a round bottom pattern, a setup that often signals longer-term gains. The MACD lines are pointing upwards, and the Supertrend indicator just flipped green; both are considered bullish indicators.

So, MEW could likely keep climbing over the next few days. 

While the trend remains strong, RSI levels nearing 84 may hint at an overheated market primed for a brief pullback.

However, a high RSI doesn’t always signal an immediate reversal. During strong uptrends, assets can stay overbought for extended periods while continuing to climb.

Should buying pressure ease, a MOVE back toward the $0.0030 level wouldn’t be unexpected.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.