The post MEW token soars nearly 20% following Binance Alpha listing appeared on BitcoinEthereumNews.com.

MEW rallied as high as 20% after breaking out of its multi-month downtrend, following its listing on Binance Alpha. According to crypto.news, Cat in a dogs world (MEW) hit an intraday high of $0.311 on April 2, its highest level in six weeks and about 40% above its weekly lows. Its market cap was seated at $272 million, while its daily trading volume doubled over the past day at $176 million. Further demand among its derivatives traders has also jumped. According to CoinGlass data, its open interest shot up by 40% in the last 24 hours and was sitting at over $45 million at press time. Plus, the weighted funding rate flipped from -0.0076% yesterday to 0.0017% today, showing that more traders are starting to lean bullish. MEW rallied after it secured a listing on Binance Alpha, a platform within the Binance ecosystem that serves as a launchpad for emerging and experimental tokens. While not a full exchange listing, Binance Alpha offers early-stage projects exposure and liquidity, and strong performance there can pave the way for a potential listing on Binance’s main exchange. With the community now largely anticipating a potential listing on the world’s largest crypto exchange, the weighted social sentiment surrounding MEW has flipped largely positive, with the cat-themed memecoin trending on X as of press time. Traders believe MEW has more room to run in the short-term. According to pseudo-anonymous trader Livercoin, MEW could continue to rally to $0.0033 and above now that it has retested above the $0.0030 key resistance level.  Fellow trader gemxbt placed the target a little higher at $0.0035. MEW price analysis Technical indicators seem to favor the bullish outlook. On the 1-day/USDT price chart, MEW has broken out of a falling wedge pattern formed over the past 4 months. A break above…

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Filed under: News - @ April 2, 2025 12:27 pm