Market Status and Recent News Developments
The meme coin “Cat in a Dog’s World” (ticker MEW) is showing some concerning signs lately, with technical indicators leaning bearish as interest in meme coins generally fades. Right now, it’s trading around $0.00084545 USDT—down slightly over the past day. Trading volume is pretty quiet, and the whole meme coin space has cooled off quite a bit as Bitcoin continues to dominate market attention and capital.
On the news front, there have been a few interesting developments worth noting. Big holders (whales) were actively buying MEW on December 18th and 19th, which shows some speculative interest, though it hasn’t translated into sustained buying pressure yet. Back in September 2025, MEW got listed on Robinhood, which caused an immediate price spike—but traders quickly took profits and the rally fizzled out. There’s also been some DeFi activity, like the MEW/SOL liquidity pool on PancakeSwap, which started strong with solid total value locked but has seen participation drop off over time.
Technical Indicators: What They Signal Now
Looking at moving averages, MEW is trading below both its 50-day and 100-day lines, which is generally a bearish sign. The shorter timeframes—5 to 20 days—show the price bouncing around near those levels, providing some support, but there’s no clear bullish crossover happening that would give us confidence in a trend reversal.
The oscillators tell an interesting story. The 14-day RSI is sitting around 33–35, which puts MEW in oversold territory. Normally, that could hint at a bounce coming soon, but we’re not seeing any bullish divergence or clear reversal signals yet. The MACD and other momentum indicators are pretty flat or slightly tilted bearish.
When we look at volume and on-chain data, it’s a mixed bag. Those whale purchases are real, but everyday retail traders aren’t really showing up. Liquidity has dried up quite a bit, which means any big price move is probably going to need a major catalyst—think new exchange listings, a token burn announcement, renewed DeFi interest, or just a broader revival in meme coin mania. Price is running into resistance around $0.000895–$0.000900, with key support sitting down at $0.000785 based on recent lows.
Daily Chart Snapshot
Price Projection and Key Scenarios
Given where things stand technically and sentiment-wise, here are the most likely scenarios for MEW in the near term:
– Bearish continuation: If MEW can’t hold that $0.000785 support level on daily closes, we’re probably looking at further downside toward $0.000700–$0.000750. Breaking support could trigger a wave of stop-losses from retail holders, which would accelerate the decline.
– Short-term bounce: The oversold RSI and some whale accumulation suggest we might see a relief bounce toward the $0.000895–$0.000920 resistance area. That said, without real volume backing it up or a broader resurgence in meme coins, this bounce would likely be short-lived and capped.
– Neutral stabilization: Price just chops around between $0.000780 and $0.000900 with low volume. This sideways action would probably continue until something concrete happens—a burn mechanism upgrade, major listing announcement, or renewed community hype and viral attention.
Looking further out over the next month or two, MEW would really need to push above $0.00100 with strong volume to flip the narrative bullish. That’s a tall order given the current resistance levels and the general risk-off mood in altcoins and meme tokens right now.
Risk Factors & Watchpoints
Here’s what you should keep an eye on: exchange flow data to see if whales are still accumulating or starting to sell, any changes to tokenomics like burn implementations, announcements about partnerships or new exchange listings, shifts in overall meme coin sentiment or signs of an altcoin season heating up, and macro factors like Bitcoin’s price action and any regulatory developments. Without some of these catalysts, MEW could stay stuck in consolidation mode—or drift lower.
