Meowcat (MEOWCAT)
1. Fundamental Analysis
1.1 Introduce
MEOWCAT is a Telegram-based mini-game built on a Tap-to-Earn model. Players can earn points through simple taps and exchange them for airdrops. Designed for accessibility and fun, $MEOWCAT appeals to casual gamers and blockchain enthusiasts alike, offering an engaging and rewarding experience in a light and playful environment.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MEOWCAT | Market Cap | 23178650 |
| Name | Meowcat | White Paper | -- |
| Web Site | https://meowcat.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-12-30 |
| Available Supply | 110000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The market exhibits strong volatility and a recent downward trend. The massive volume on 2024-12-30 suggests a significant event or high trading activity, possibly initiating the rapid decline observed in the following two days. The close of 2024-12-31 at 0.219307, significantly lower than the opening price of 0.339999, indicates a strong selling pressure during the session. This is further confirmed by the high of 0.549439, suggesting an initial bullish movement that was forcefully reversed, leading to an overwhelming closing selling force. The large volume on this day, though lower than the preceding one, reinforces the momentum behind this downward price action.
The market’s subsequent response on 2025-01-01 continues the bearish movement. The opening price of 0.219453 was almost flat compared to the previous close, failing to regain the losses. The price briefly rose to 0.253948, but ultimately closed at a considerably lower level of 0.2093, marked by a lower low point of 0.200016. The day ended with a loss, confirming a continuation of negative sentiment with trading volume decreasing significantly, but this suggests a possible market exhaustion. The dramatic spike on 2024-12-30 with a high of 0.999799 implies a sharp increase in prices, subsequently giving way to a huge sell-off as seen at the close, causing the market to fall to a very low level of 0.219307 on the next day. This signifies the instability in price movements.
The close of 2025-01-01 indicates a failure to find positive momentum, suggesting a possible confirmation of a continuous downtrend if selling pressure remains high. The overall picture shows price instability, potentially creating opportunities for high-frequency trades or short positions in the near-term. However, the decreased volume on the last day might hint at an upcoming change in trend, with potential for either a rebound or a period of stagnation. Based on these three trading days, the market has experienced excessive volatility and strong selling pressure, and it’s vital to monitor the volume and price movements for cues to determine the direction of the market in the coming period. The volume decrease after 2024-12-30 is a critical point that needs to be observed. The market has shown a lack of clear support, and any attempts to rally had been immediately corrected, indicating a dominance of the bears in a very short term time frame.
Overall analysis suggests a bearish trend characterized by large price fluctuations that eventually led to a downward movement, along with a decrease in trading on the day that followed. The huge volume on 2024-12-30 implies a significant market event, resulting in extremely high levels of selling. This event caused instability in market movement, setting the stage for continued downward price action in the short term of the following days. The price is currently exhibiting weakness and this may further encourage a continuous short squeeze. The trading volume is declining, suggesting that the market is likely entering a period of rest. The market trend will depend very heavily on external factors, particularly in the short term. It’s crucial to monitor for any signs of a potential market bottom and reversal because the price movement over the previous three days has exhibited unusual market behavior given the large variation. The market was experiencing a significant correction from one day to the next while maintaining very high trading volume.
