{"id":654,"date":"2025-05-23T10:19:54","date_gmt":"2025-05-23T10:19:54","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-mew-rallied-over-30-today\/"},"modified":"2025-05-23T10:19:55","modified_gmt":"2025-05-23T10:19:55","slug":"heres-why-mew-rallied-over-30-today","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-mew-rallied-over-30-today\/","title":{"rendered":"Here\u2019s why MEW rallied over 30% today"},"content":{"rendered":"
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MEW rallied as high as 31% today after securing a listing on popular crypto and stock trading platform Robinhood.<\/p>\n

According to crypto.news, cat in a dogs world (MEW) surged to a four-month high of $0.0047 on May 23 Asian time, bringing its market capitalization to over $400 million at the time of writing.<\/p>\n

MEW\u2019s trading activity accelerated sharply through the week, with volume climbing from $40 million on Wednesday to $70 million on Thursday, before surging over 370% to $315 million by Friday.<\/p>\n

There are four potential catalysts driving MEW\u2019s rally.<\/p>\n

First, the biggest catalyst is MEW\u2019s new Robinhood listing<\/a>, which went live yesterday. It\u2019s now tradable for U.S. users on the platform, adding to its visibility and credibility. MEW was listed alongside fellow Solana-based memecoin Moo Deng (MOODENG), which also saw gains of 25% over the past 24 hours.<\/p>\n

Listings on major platforms such as Robinhood often act as a stamp of credibility and attract a wave of new investors.<\/p>\n

Second, MEW participated<\/a> in the Las Vegas Licensing Expo, the world\u2019s largest licensing trade event. Held annually at the Mandalay Bay Convention Center, the expo brings together global IP leaders and brand developers.\u00a0<\/p>\n

The expo marks a chance for MEW to present itself to an entirely new cohort of potential partners and consumers, a move that may have stirred fresh optimism among traders.<\/p>\n

<\/p>\n

Third, MEW recently teased<\/a> a new partnership with Cuberium, a blockchain-powered GameFi platform known for its tower defense games and meme-token integrations. While full details haven\u2019t been dropped yet, the teaser alone seems to have added to the hype.<\/p>\n

Lastly, the derivatives market is showing signs of strong bullish interest. According to CoinGlass<\/a>, open interest in MEW futures surged 121% over the past 24 hours, reaching a five-month high of $72 million. On Binance, the long\/short ratio remains well above 1, indicating that the majority of traders are positioning for further upside.<\/p>\n

The broader market is also supportive, with Bitcoin recently hitting a new all-time high, which has lifted sentiment across the entire sector.<\/p>\n

Signs of continuation<\/h2>\n

From a technical perspective, MEW appears well-positioned for a potential continuation of the ongoing rally.<\/p>\n

On the 1-day\/USDT price chart, MEW seems to be forming a round bottom pattern, a setup that often signals longer-term gains. The MACD lines are pointing upwards, and the Supertrend indicator just flipped green; both are considered bullish indicators.<\/p>\n

<\/source><\/p>\n<\/picture>
MEW price, Supertrend and MACD chart \u2014 May 23 | Source: crypto.news<\/figcaption><\/figure>\n

So, MEW could likely keep climbing over the next few days.\u00a0<\/p>\n

While the trend remains strong, RSI levels nearing 84 may hint at an overheated market primed for a brief pullback.<\/p>\n

<\/source>
\n\"Here\u2019s\n<\/picture>
MEW RSI chart \u2014 May 23 | Source: crypto.news<\/figcaption><\/figure>\n

However, a high RSI doesn\u2019t always signal an immediate reversal. During strong uptrends, assets can stay overbought for extended periods while continuing to climb.<\/p>\n

Should buying pressure ease, a move back toward the $0.0030 level wouldn\u2019t be unexpected.<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

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MEW rallied as high as 31% today after securing a listing on popular crypto and stock trading platform Robinhood. According to crypto.news, cat in a dogs world (MEW) surged to…<\/p>\n","protected":false},"author":1,"featured_media":529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=654"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/654\/revisions"}],"predecessor-version":[{"id":655,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/654\/revisions\/655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/529"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}