Thomas Daniels
The cryptocurrency “Cat in a Dog’s World” (MEW) surged nearly 20% following its listing on Binance Alpha, a platform within the Binance ecosystem tailored for showcasing early-stage and experimental tokens. This strategic exposure has significantly boosted MEW’s visibility, liquidity, and market traction.
On April 2, MEW touched an intraday high of $0.003118—its highest level in six weeks—representing a gain of roughly 40% from its weekly lows. The token’s market capitalization stands at approximately $272 million, while daily trading volume doubled to around $176 million, indicating a sharp rise in investor interest.
The derivatives market has also echoed this momentum. Open interest in MEW futures spiked 40% in the last 24 hours, climbing above $45 million. Meanwhile, the weighted funding rate flipped from -0.0076% to 0.0017%, signaling a shift in sentiment as traders increasingly adopt bullish positions.
Though Binance Alpha does not equate to a full exchange listing, it serves as a springboard for tokens aspiring to reach Binance’s main platform. This development has led to heightened anticipation across the MEW community and boosted social sentiment, with the cat-themed memecoin trending widely across social media platforms.
Analysts remain optimistic about MEW’s short-term trajectory. Pseudonymous trader Livercoin noted that the token could climb toward $0.0033, having reclaimed the key $0.0030 resistance level. Another trader, gemxbt, projected a higher target of $0.0035.
Technical indicators reinforce this bullish narrative. MEW has broken out of a four-month falling wedge pattern—an occurrence traditionally viewed as a strong bullish reversal signal. The Bull Bear Power indicator has been rising since March 21, while the Chaikin Money Flow index remains in positive territory, suggesting dominant buying pressure.
If the current trend continues, MEW could soon test the $0.004 psychological resistance level. A successful breakout there may pave the way toward the token’s yearly high of $0.007, further solidifying its position in the memecoin sector.
