$MEW

Here is the latest analysis for the MEW coin (Cat in a Dog’s World) as of May 19, 2025, specifically for short-term strategy:

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📊 Market Summary

Current price: $0.00337

24-hour change: +7.2%

24-hour trading volume: $61.6 million

Market capitalization: ~$299 million

Circulating supply: 89 billion MEW

All-time high (ATH): $0.01288 (November 2024)

Decline from ATH: -73.9%

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📈 Technical Analysis

Technical indicators (1 hour): Majority indicate "Buy" signals

Relative Strength Index (RSI): Approaching overbought zone, indicating potential price correction

Moving Average Convergence Divergence (MACD): Indicates strong bullish trend, supported by sustained buying volume

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⚠️ Risks & Cautions

Resistance zone: Current price is near historical resistance zone, which previously caused price corrections

High volatility: As a memecoin, MEW is highly influenced by market sentiment and social media trends

Momentum indicators: Some indicators show weakening momentum, which may indicate potential price correction

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✅ Short-Term Recommendation

Strategy: Consider taking partial profits if the price approaches $0.0035, and prepare a cut-loss strategy if the price drops below $0.0031

Risk management: Use stop-loss to limit potential losses

Monitor market sentiment: Pay attention to social media trends and news related to MEW to anticipate price movements