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MEW hits $1B market cap: Is the $0.02 milestone within reach?

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With its market cap soaring past $1 billion, MEW has emerged as a standout performer in the cryptocurrency market.

has emerged as a standout performer in the cryptocurrency market. A sharp 9% surge in the last 24 hours pushed the token to $0.01218, sparking widespread interest.Cat in a dogs world technical analysis

If the momentum sustains, MEW could achieve a 76.35% gain, making this breakout a pivotal moment for further growth.presents a rising wedge pattern, a structure often linked to bearish reversals. The price is testing the crucial $0.013 breakout level, which now serves as a strong resistance. The Chaikin Money Flow currently stands at a positive 0.05, indicating that there is a strong inflow of capital into the asset. A positive CMF reflects that buying activity outweighs selling.Since the 5th of November, open interest has surged from approximately $82 million to its current level of $164 million, reflecting an impressive increase of over 100%.

 

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