Shark Cat price has increased by 12% in the past 24 hours, trading at $0.1914, and trading volume has dropped by 40% to $20 million. This is because the token is preparing to be listed on the MEXC centralized exchange (CEX) today, and SC/USDT trading will start at 14:00 UTC.
A memecoin about a cat wearing a shark hat @SharkCatSolana Coming soon to #MEXCKickstarter Vote with $MX to share in the massive airdrop $SHARKCAT/USDT Trading: 2024-05-07 14:00 (UTC) For details, please visit: https://t.co/Wt64QirMBz NOTE: Due to another project using the token name SC… pic.twitter.com/IUuY0KGkOC — MEXC_EN (@MEXC_EN) May 6, 2024
Shark Cat price surged to an all-time high (ATH) of $0.39 following its launch. As SC price corrected back to the $0.04073 support area in April, the bulls could not recapture this resistance level.
SC has touched this resistance level thrice, forming a triple bottom pattern. The triple bottom pattern indicates a potential trend reversal and a shift from bearish sentiment. Three consecutive lows near the same level have formed a clear support area at $0.04073.
The triple bottom pattern has brought the price up towards the resistance level around $0.12. SC has fluctuated between $0.12 and $0.18, forming a bullish triangle pattern.
SC is gracefully trading above the 50-day and 20-day Simple Moving Averages (SMAs), confirming the upward bull run.
Moreover, the relative strength index (RSI) has a positive reading and is trading at 67 and rising, which suggests strengthening buying pressure.
The Average Directional Index (ADX) is also trading at 40, elegantly crossing the 25 area, indicating a very strong bull trend.
Shark Cat Price Prediction
The bull trend for Shark Cat remains strong as SC aims to capitalize on a triple bottom pattern and a bullish triangle pattern to push the price towards a target level of $0.29.
Major indicators including the RSI and ADX are also pointing to positive price action as bulls aim to push prices further higher.
Moreover, the 50-day MA has formed a golden cross at $0.97 and optimistic investors will use these indicators to buy more, ultimately pushing the price higher.
However, if the bears take control of the price at this level, SC might drop to the next support at around $0.09, which coincides with the 200-day MA.
As Shark Cat’s price surges, investors are also buying Wiener AI, a new AI-memecoin hybrid token that aims to emulate the success of giants like DOGE and SHIB using its AI capabilities.
New AI Meme Coin WienerAI Raises Over $1.2 Million
WienerAI (WAI) has attracted a lot of attention, with its pre-sale raising over $1.2 million.
To increase its practicality, WienerAI recently added a state-of-the-art beginner-friendly trading bot to its ecosystem. As a trading partner, the bot features user-friendly AI-enhanced trading, seamless swap capabilities, and zero commissions.
We welcome Wiener Hoarders! AI-enhanced trading. Sausages. A match made in heaven! pic.twitter.com/2AeDUW2ssF — WienerAI (@WienerDogAI) May 5, 2024
WienerAI is following in the footsteps of another canine memecoin and AI security token, Scotty the AI (SCOTTY), which raised over $10 million in its recent presale.
You can also earn income passively through the platform’s staking system, where you can stake $WAI to earn up to 796% annual percentage yield (APY).
According to 99Bitcoins, a popular YouTube channel with over 700,000 subscribers, WAI has the potential to explode 100x after its launch.
To participate in the presale, you can buy $WAI token at a price of $0.000704 each on the official website.
If you are interested, act fast before the price goes up in less than 19 hours. You can purchase using ETH, USDT or bank card.
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