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The Popcat price exploded 53% in the past 24 hours to trade for $0.3028 as of 08:57 a.m. EST on trading volume that jumped 103%.
The Solana (SOL) price has surged 2.7% as investors flock to Solana-based meme coins like POPCAT and Myro (MYRO), which is up around 5% on the day.
The cat has been popping for soooooo many months, and outlived and outpopped 90% of SOL memecoins since this cycle, still sitting at 300m
At this point I believe it’s due to pull a $wif style price action over a short period of time $POPCAT pic.twitter.com/ZArkQ02IBj
— notEezzy 🧸 (@notEezzy) April 22, 2024
Another factor driving the Popcat price is community growth, posting upwards of 17.7K in followers on X.
Love seeing the community growth on $popcat yall are the best!!
Just a throw back photo of me from the early days..#popcat pic.twitter.com/H8J808T218— momo (@thewhitezetsu) April 22, 2024
Meanwhile, reports indicate that the Popcat price is trading above its highest volume nodes. This means there is significant trading activity occurring at price levels above where a large volume of trades has historically taken place.
It points to strong support and resistance levels in the market. Traders and analysts often pay attention to these volume nodes as they can provide insights into potential areas of price action. This could either be areas of accumulation or distribution.
$POPCAT is trading above its highest volume nodes now and it looks like Bybit has begun shorting it.
Looks spicy. pic.twitter.com/goBub5oub6
— Byzantine General (@ByzGeneral) April 22, 2024
It’s even by reported that Bybit exchange is shorting the Popcat price. Elsewhere, some speculate a rotation of capital into strong cat-themed tokens.
I think the Memecoin hot ball of money is about to flow
⤵️OUT OF:
– Dogs
– Weak Cats
– Other Animals
– Random Nonsense⤴️AND INTO:
– Strong CatsWe might be on the precipice of a full blown Cat Szn
My personal bet is $POPCAT as the outperformer
Let's see what we get
9⃣— Murad (@MustStopMurad) April 22, 2024
Meanwhile, POPCAT is trending on CoinMarketCap, alongside coins including Jito (JTO) and Dogwifhat (WIF).
🔥 Trending on CMC Community$WZRD has been appearing on trending lists, while $HEX, $WIF, $JTO & $POPCAT stirred up all the hot crypto conversations.
👉 Show your bias via: https://t.co/vHI1wrzF17 pic.twitter.com/UANyIt1yS5
— CoinMarketCap (@CoinMarketCap) April 22, 2024
Popcat Price Outlook
The Popcat price is trading with a bullish bias, recording higher highs that have seen it hold well above the midline of the market range. With the altcoin trading above the 50% Fibonacci placeholder of $0.2577, the market is leaning in favor of the upside.
Notice that POPCAT is sitting on immediate support due to the most important Fibonacci retracement level, 61.8% at $0.2978.
The climbing Relative Strength Index (RSI) shows rising momentum after executing a buy signal when it crossed above the yellow band of its signal line. The same is seen on the Moving Average Convergence Divergence (MACD) as it is rising after crossing above the signal band.
Notice that the MACD has also flipped positive, with a bold green histogram bar to show a bullish trend that is gaining strength.
Moreover, the Awesome Oscillator (AO) indicator is also showing green histograms that are moving toward positive territory. This accentuates the bullish thesis, increasing the odds for a further upside.
Increased buying pressure above current levels could see the Popcat price extend to nick the 78.6% Fibonacci retracement level of $0.3550. In a highly bullish case, the gains could extrapolate to the peak of the range at $0.4283.
TradingView: POPCAT/USDT 1-day chart
On the flip side, if traders begin to book profits, the Solana-based meme coins could topple. A candlestick close below the 50% Fibonacci placeholder of $0.2577 would invalidate the bullish thesis.
Meanwhile, forward-looking investors are already rotating their gains into more promising altcoins on Solana. One of the main contenders is SMOG, which is unleashing a massive airdrop.
Promising Alternative To Popcat
Smog is a Solana-based meme coin with a flaming dragon theme. It fought for and earned its space on Solana, gaining significant traction and attention despite fierce competition from its sector peers.
Within a month, the community rapidly adopted the token, leading to a substantial increase in its value. This has earned it a place among the best five meme coins to buy now with 10X potential, according to crypto analyst Jacob Bury.
Smog’s initial launch on the Solana blockchain was followed by a strategic expansion to the Ethereum network, thus broadening its reach.
Its airdrops, promised to be ”the greatest in history, incentivize users by rewarding them with SMOG tokens for acquiring and holding the token, as well as for engaging in designated social media activities.
The project has allocated 35% of the total token supply of 1.4 billion for airdrops. The first part of the airdrop ended on April 3 and featured about $1 million in giveaways.
Smog’s Season 1 airdrop distribution began on Friday, April 19 and was completed by mid-afternoon on Saturday, April 20. The team airdropped two weeks’ worth of tokens during the first distribution, with six more payouts set to be completed over the next six weeks.
Participants in season 2 of the airdrop have already completed more than 3 million quests.
Investors can also stake their Smog tokens for annual returns of 42%. So far, over 28.449 million SMOG tokens have been staked.
After its recent listing on MEXC, the developer has indicated that another top-tier exchange listing is in the works. That would likely give the token another boost, so, if you are interested, buy now before the listing.
Also Read:
- Top 5 Cryptocurrencies With Most Potential For 100x Returns
- How To Buy Smog Token – A Complete Guide
- Most Trending Cryptos on Ethereum Chain Today – Mind, Smog, TAO Inu
- $SMOG Meme Coin 10x Growth Potential – How to Buy, Stake for High Rewards, and Price Prediction
- Best Meme Coins to Invest in: Top Picks for Exponential Gains!
Smog (SMOG) - Meme Coin With Rewards
- Airdrop Season One Live Now
- Earn XP To Qualify For A Share Of $1 Million
- Featured On Cointelegraph
- Staking Rewards - 42% APY
- 10% OTC Discount - smogtoken.com
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