The cryptocurrency market performed strongly in October, with Bitcoin (BTC) rising more than 13% this month, currently holding above $72,000.
This bullish momentum has spread to the memecoin domain, with people's attention turning to three cat-themed tokens that have recently gained attention and may see further gains in November.
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POPCAT
POPCAT has shown a strong bullish trend on the 4-hour chart, breaking through multiple resistance levels in recent trading days. Currently, it is testing the $1.63 to $1.67 range, which is currently acting as support. Whether the price can maintain this level is crucial for any sustained uptrend.
If POPCAT successfully defends this support, it could break above the next resistance levels of $1.87 and $1.90. However, a break below $1.66 could signal a short-term reversal, potentially pushing the price back to the previous support around $1.40.
MOG
MOG has formed a bullish "cup and handle" pattern on the daily chart, which is usually a positive signal for further upside. The "handle" part of this pattern has recently broken above the key resistance of $0.000018, indicating strong buyer interest.
If this pattern plays out, MOG should break above its current resistance at $0.00002289. If this breakout occurs, we could see MOG make a significant rebound in the future.
MEW
MEW has recently made significant progress, breaking through the major resistance zone of $0.0087 to $0.0093. This breakout is encouraging as it suggests strengthening momentum and could act as a catalyst for further upside.
MEW's next key resistance level is around $0.01171, which is the historical high. For MEW to continue its uptrend, it must hold above the $0.0093 support level. If it fails to defend this level, it could signal a potential reversal.
Promising Future
With Bitcoin's strong position at $72,000, the broader crypto market's further bullish momentum could also have a positive impact on these memecoins. Historically, the period after the US elections often triggers a market rebound, and with the upcoming November events, these memecoins may experience greater volatility and potentially reach new highs.
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