Popcat (POPCAT) price, a new Solana-based meme coin, has been experiencing a consistent rise in value over the past month. The digital asset has recently entered an upward trajectory, bolstered by significant gains.
Over the last few days, the Popcat price has continued to climb, solidifying its ascending trend. This movement suggests a growing interest in the coin among traders and investors alike.
Popcat price has climbed significantly, registering a 46% increase over the last week. This uptick is a broader rise across various altcoins and meme-based cryptos. This meme coin has skyrocketed by an impressive 117% this month. Concurrently, Bitcoin price has also experienced a notable price increase, positively influencing overall market sentiment.
Analyst Predicts Popcat Price Rapid Rise
Crypto analyst RookieXBT recently tweeted predictions about the $POPCAT token. He expects it to climb the ranks rapidly and become the fifth most popular meme coin soon. “Believe in something,” he urges his followers. Despite skepticism regarding such bold forecasts, he remains confident in his projections.
$WIF going to erase six months worth of downtrend in 2-3 weeks but you wouldn’t believe it$POPCAT will reprice further and become the 5th largest meme but you wouldn’t believe it
believe in something
— RookieXBT (@RookieXBT) September 19, 2024
According to recent data from CoinMarketCap, the Popcat price hovered at $0.9278 today, marking a significant 114.83% increase over the last month. The cryptocurrency experienced a 24-hour low of $0.8695 and a high of $0.9592.
The current surge in price is nearing its all-time high of $0.9976, set two months ago. From its all-time low of $0.00383 in January this year, POPCAT has seen a staggering growth of 24,362.33%.
Can POPCAT price Hit $1 This weekend?
The Chaikin Money Flow (CMF) indicator stands at 0.07, suggesting that money flows into the asset, indicating potential bullish sentiment. The Moving Average Convergence Divergence (MACD) shows signs of a bullish crossover. The MACD line is currently at 0.0312, with the signal line at 0.0368. This movement suggests growing momentum for upward price movement, reinforced by green histogram bars.
Popcat Price Chart| Source: TradingView
According to Coinglass, the POPCAT Total Liquidations Chart shows fluctuating liquidations in recent months. Notable activity occurred between July and mid-September, with spikes in short liquidations in early September. The Popcat price showed sharp rises in July and again in September. These price surges align with increased liquidation activity. This movement is fueling the current bullish trend in the POPCAT market.
Source- Coinglass
POPCAT recent upward momentum suggests it may soon test the critical $1 resistance level. This surge in strength could lead to a further rally, potentially driving the token towards the $3 mark. If this trend continues, Popcat price will experience a significant 228% increase, marking a substantial recovery in its market value.
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