Lokesh Gupta
07-06-2024
Solana-based meme coin $MEW has experienced a notable 21% price surge subsequent to its major listing on Bithumb.
The #Cat In A Dogs World price analysis indicates MEW is gearing up for a bullish rally, exhibiting signs of a trend reversal.
Following the breach of the bullish pennant pattern, the price appears poised to retest recent highs.
Notably, MEW's price currently trades above both the 50 and 200 simple moving averages, with the moving average cross further bolstering bullish sentiment.
According to Coin Gabbar analysis, In an ideal scenario, continued bullish momentum above the pennant pattern could spark a rally, aiming to reclaim the all-time high at $0.009300.
Conversely, failure by bulls to surpass recent highs may prompt a pullback, potentially leading to a test of the channel trendline.
KEY LEVELS :
RESISTANCE LEVEL : $0.006500-$0.009300
SUPPORT LEVEL : $0.004000-$0.002800
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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