With the increased price volatility in the cryptocurrency market, top tokens have displayed a significant price action in their respective portfolios since the week started. Moreover, the Bitcoin price, continues to hold its price above the $71K mark, indicating a strong bullish sentiment.
Furthermore, Solana-based tokens have regained momentum by adding massive valuations to their portfolios within the past few days. Amid increasing bullish influence, will Cat in a Dogs World (MEW) and Highstreet (HIGH) altcoins outperform top tokens this month?
Cat in a dogs world (MEW) Price Analysis:
The MEW token has added 37.72% within the past day and 43.19% over the past seven days. Moreover, the memecoin has surged 66.54% in valuation since its inception, highlighting a bullish outlook for the altcoin during the upcoming weeks.
The SMA constantly supports the price chart in the 4H time frame, suggesting a positive influence for MEW crypto in the market.
The technical indicator, MACD, displays a significant rise, indicating increased buying-over-selling pressure in the crypto space. Furthermore, the averages show a bullish rise, highlighting the Cat in a Dogs World token will continue rising during the upcoming time.
If the market continues to trade under a bullish sentiment, the MEW price will prepare to test its upper resistance level of $0.00700. Conversely, bearish price action could pull the MEW coin price toward its lower support level of $0.004655.
Highstreet Price On The Verge Of A Major Breakout:
The Highstreet (HIGH) price has added approximately 27% within the past day and 19.50% over the past week. Moreover, the altcoin has recorded a 2X surge within the past 30 days and has a Year-to-Date (YTD) return of 410%, indicating rising interest of investors in it.
With a trading price of $7.995, a circulating supply of 50,365,992 HIGH tokens, and a market cap of $420.63 Million, the Highstreet crypto has secured the 186th position in the global cryptocurrency market list.
The Relative Strength Index (RSI) records a sharp uptrend in its chart, by breaching the overbought range, indicating a bullish reversal in the crypto space. Moreover, the average displays a bullish curve, suggesting the price will continue gaining value in the coming time.
If the market holds the Highstreet price above the support level of $8, the bulls will regain momentum and prepare to test its upper resistance level of $10 during the upcoming weeks. However, a bearish reversal could pull the HIGH price toward its lower support level of $6 this month.
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- Source: https://coinpedia.org/price-analysis/solana-based-altcoins-surge-whats-next-for-mew-and-high-tokens/
