{"id":3433,"date":"2024-05-12T22:33:05","date_gmt":"2024-05-12T22:33:05","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/05\/12\/catwifhat-price-prediction-cwif-soars-36-as-this-new-solana-meme-coin-rival-rockets-towards-500k\/"},"modified":"2024-05-12T22:33:05","modified_gmt":"2024-05-12T22:33:05","slug":"catwifhat-price-prediction-cwif-soars-36-as-this-new-solana-meme-coin-rival-rockets-towards-500k","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/05\/12\/catwifhat-price-prediction-cwif-soars-36-as-this-new-solana-meme-coin-rival-rockets-towards-500k\/","title":{"rendered":"Catwifhat Price Prediction: CWIF Soars 36% As This New Solana Meme Coin Rival Rockets Towards $500K"},"content":{"rendered":"
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Join Our Telegram <\/a><\/u>channel to stay up to date on breaking news coverage<\/p>\n<\/div>\n<\/div>\n<\/div>\n

The Catwifhat price pumped 36% over the past 24 hours to trade at <\/span>$0.0000008725<\/span><\/a> as of 7:00 p.m. UTC.\u00a0<\/span><\/p>\n

The pump in the CWIF meme coin\u2019s price can be attributed to recent listings on several crypto platforms that boosted investor interest.<\/span><\/p>\n

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Days like today remind you no one is doing it like the cat that burns \ud83d\udc08\u200d\u2b1b\ud83d\udd25<\/p>\n

Thanks @CoinMarketCap<\/a>, @coingecko<\/a>, @solanafm<\/a>, @solscanofficial<\/a>, and @birdeye_so<\/a> for being $CWIF<\/a>‘s biggest supporters with recent Circulating Supply & Market Cap verifications \ud83e\udd70 (trending on @birdeye_so<\/a>) pic.twitter.com\/PTPqdPac7F<\/a><\/p>\n

\u2014 catwifhat $CWIF (@catwifhatsolana) May 12, 2024<\/a><\/p>\n<\/blockquote>\n

Catwifhat Price Prediction: Will CWIF Pump Further?<\/span><\/h2>\n

Analysing Catwifhat price charts, we see that the meme coin has been trading in a bullish channel, making higher highs and higher lows, which is indicative of a short-term uptrend. The meme coin has now reached crucial resistance levels where the price is now cosnolidating. Should the Catwifhat price break past the resistance level, we could see a pump to new highs.\u00a0<\/span><\/p>\n

The prospects of a pump are supported by the ADX (Average Directional Index), which stands at 31.14, indicating a strong bullish trend. Its northern trajectory further fortifies the bull sentiment as it suggests building buying pressure.<\/span><\/p>\n

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2-hour CWIF\/USDT Chart | Source: TradingView<\/a><\/p>\n

Catwifhat Price Prediction: CWIF\u2019s Bearish Scenario<\/span><\/h2>\n

With the meme coin now trading within the resistance level, should bulls fail to break past the level, we could see a drop baack to previous support levels. This might happen as holders will look to sell for profits.<\/span><\/p>\n

This gains a little backing from the MFI (Money Flow Index), which holds a value of 55.29, slightly above the mid-point (50). This suggests that buying pressure is moderate and the market is neither overbought nor oversold.<\/span><\/p>\n

Still, with its trajectory headed south, there could be a pull back in the short term.\u00a0<\/span><\/p>\n

As the Catwifhat price pumps, Solana\u2019s newest meme coin, <\/span>Sealana ($SEAL)<\/span><\/a>, has raised almost $500k in just eleven days since its launch. Crypto analyst and YouTuber Jacob Bury says it has the potential to 10x on launch.<\/span><\/p>\n