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Cat Meme Coins Surge: POPCAT, MEW, and CAT Set New Highs

The crypto world is buzzing with excitement as cat-themed meme coins take the spotlight. These feline-inspired tokens are outperforming major altcoins, marking the start of what analysts are calling “Cat Season.”

POPCAT Hits a New All-Time High

Solana-based meme coin POPCAT has surged to a new all-time high (ATH) of $1.67, marking its third ATH this month. With consistent gains throughout October, POPCAT has caught the attention of investors who believe the coin could surpass $2.00 if profit-taking remains controlled.

However, there are risks. A sell-off could trigger a significant decline, with support at $1.00. If selling intensifies, much of the recent gains could be erased, casting doubt on the current bullish trend.

MEW Continues Its Upward Streak

Another cat-themed coin, MEW (Cat in a Dog’s World), reached a new ATH of $0.0106—its fourth ATH in just 14 days. The meme coin saw a 15.6% increase in the last 24 hours, maintaining its upward momentum and preventing a drop below $0.0090.

As with POPCAT, the risk of profit-taking is present. A large-scale sell-off could reverse MEW’s recent gains, potentially invalidating the current bullish outlook.

Simons Cat (CAT) Sees Massive Gains

Simons Cat (CAT) has been one of the week’s best performers, skyrocketing nearly 80% in just four days. Currently trading at $0.00004379, CAT is just shy of its ATH of $0.00004650, which it reached about a month ago.

If this bullish momentum continues, CAT is poised to break its ATH and possibly set new highs. However, failure to do so could lead to a pullback to $0.00004063, and a further decline below this level could push the coin down to $0.00003410, suggesting a potential bearish trend.

Conclusion

The cat-themed meme coin frenzy is creating excitement in the crypto space, with tokens like POPCAT, MEW, and CAT reaching new highs. However, investors should be cautious of potential sell-offs, which could reverse these gains. For now, “Cat Season” appears to be in full swing, but market volatility could change the narrative at any moment.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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