Is It Too Late To Buy POPCAT? Popcat Price Surges 25% And This Might Be The Next Crypto To Explode

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The
Popcat
price
has
surged
25%
in
the
last
24
hours

to
trade
at
$0.7624

as
of
9:15
p.m.
EST
on
a
3.5%
drop
in
trading
volume
to
$154
million.

This
price
rise
comes
in
response
to
Binance
Futures’
listing
of
a
perpetual
contract
for
POPCAT,
providing
traders
with
up
to
75x
leverage.

Following
this
listing,
a
major
whale
moved
over
39,800
SOL,
valued
at
more
than
$5.7
million,
from
Binance
to
buy
10
million
POPCAT
tokens.

This
significant
transaction
was
a
key
driver
behind
the
sharp
increase
in
Popcat’s
value.

Popcat
Price
Analysis:
Bulls
Initiate
A
Rally
Above
The
Bullish
Pennant

The
recent
bullish
pennant
breakout
suggests
that
the
price
will
likely
continue
its
upward
trajectory.
The
price
recently
formed
a
bullish
pennant
pattern,
characterized
by
consolidation
following
a
strong
upward
move.

According
to

GeckoTerminal
data
,
the
current
price
is
approximately
$0.7618,
and
given
the
strength
of
the
breakout,
the
next
key
resistance
level
to
watch
is
around
$1.00.
This
level
represents
a
psychological
barrier
and
a
significant
target
after
the
breakout.

Popcat price

Popcat price

POPCAT/USD
Analysis
Source:
Dextools.io

The
price
is
trading
above
both
simple
moving
averages
50
at
$0.6187
and
the
200-day
at
$0.3718.
These
provide
strong
support
levels,
indicating
an
overall
bullish
trend.
The
bullish
trend
will
likely
persist
as
long
as
the
price
remains
above
these
moving
averages.

Furthermore,
the
RSI,
currently
at
63.73,
indicates
that
there
is
still
room
for
upward
movement
before
the
asset
enters
the
overbought
territory.
This
suggests
the
price
could
rise
to
the
next
resistance
level
before
any
significant
pullback
occurs.

Additionally,
the
MACD
indicator
shows
a
bullish
crossover,
with
the
MACD
line
(blue)
crossing
above
the
signal
line
(orange),
indicating
a
shift
in
momentum
to
the
upside.
The
histogram
is
positive,
reinforcing
the
bullish
sentiment.

POPCAT/USD
is
in
a
continued
upward
movement
with
the
potential
to
reach
$1.00,
assuming
the
bullish
momentum
holds.
With
support
from
the
support
zones
and
the
technical
indicators,
bulls
may
be
able
to
drive
the
price
to
a
new
high
at
$1.25
in
the
coming
days
or
weeks.

In
a
converse
case,
a
failure
to
maintain
momentum
could
result
in
the
price
retesting
support
levels
at
$0.6187
or
even
$0.3718
as
bears
apply
downward
pressure.

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