As ‘AQUACAT’ reignites Solana Meme Markets, Dogeverse Readies for Exchange Debut with $13M Raised
In the latest Solana meme coin pump, the new cat-themed coin ‘Aqua Cat on SOL’ (AQUACAT) has seen its price skyrocket by 33,895% overnight, as traders around the world try to get a piece of the pie.
This article will provide an analysis of AQUACAT’s current price trends and look to see whether a soon-to-launch meme coin, DOGEVERSE, represents a more promising investment opportunity at this time.
oh and the chart looks like this. higher #aquacat pic.twitter.com/COmPmKNGgQ
— Tuna (@_tun4_) May 6, 2024
Aquacat is unique among cat coins because it’s not exactly a cat. It’s a lovable sea-otter coin masquerading as a cat as he rides the waves of success in the high-octane Solana meme coin market.
As price action mounts a well-defended consolidation move, Aquacat on SOL is currently trading at a market price of $0.000910 (representing a 24-hour change of +24%).
This comes after AQUACAT launched at just 17:00 UTC on May 5, before mounting a multi-day +338,000% climb to hit an all-time high of $0.00134 at 13:00 UTC on May 6.
In the 24 hours since, price action has remained in consolidation, in a well-defended range between support at $0.0007 and resistance at $0.0012.
Meanwhile, markets remain highly indecisive – with buy-sell pressure completely equalized, representing 50% of transactions each over the past day.
Indeed, glancing at the RSI, price action has failed to cool off below minor bearish divergence despite the consolidation – suggesting a dip lower could form the lynchpin of the next upside move.
With a current market cap at $891k, current price levels represent a relatively alluring entry, with the potential 100x move on the cards if the project is able to sustain and grow like POPCAT.
But while AQUACAT marks an alluring entry
Read more on cryptonews.com
