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Popcat Price Prediction: POPCAT Plunges 13% As This Solana Rival Hints At A New Top-Tier Exchange Listing

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Popcat Price
Popcat Price

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The Popcat price plunged 13% in the last 24 hours to trade at $0.565 as of 02:22 a.m. EST on trading volume that dropped 33% to $98 million.

This comes as the token ranked as the most swapped on the Phantom wallet last week, topping WIF, MICHI and SC.

Popcat Price Signals A Bullish Trend Reversal Over The Falling Wedge Pattern

Popcat Price Chart Analysis Source: Tradingview.com
POPCATUSD Chart Analysis Source: Tradingview.com

The Popcat price has been on an upward trend in May, registering a 39% price increase in the last seven days and recording an all-time high (ATH) of $0.7169 on May 4. However, despite the price being up, POPCAT has been trading within a falling wedge pattern, with the current price being 21% lower than the ATH.

POPCAT bulls found support around $0.52, allowing the bulls to push the price above the lower boundary of the wedge, as they aim to surpass the upper boundary, staging a possible breakout to the upside.

POPCAT trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the current downtrend.

However, the Relative Strength Index (RSI) trades upwards above the 50-midline level at 53 as it moves up, an indication that investors are in a buying frenzy. A sustained bullish stance could potentially push the RSI to the 70-overbought region, an indication of continued investor optimism.

Popcat Price Prediction

The Popcat price analysis shows strong bullish momentum, with the POPCAT price set to soar over the falling wedge pattern as the bulls target $0.70, with the long-term goal set to surpass its ATH.

The RSI and the SMAs offer bullish prospects for optimistic investors, who could push the price even higher.

However, the 50-day SMA crosses below the 200-day SMA, forming a death cross around the $0.60 level. A death cross could suggest that the price may take on a bearish trend. In such a scenario, the bulls could retreat to the support level of around $0.5086, acting as a cushion against downward pressure.

As the Popcat price bulls aim to push the it to a new ATH, investors are also buying Solana meme coin SMOG, which is hinting at another top-tier exchange listing soon.

SMOG: The Best 100X Coin to Buy Now?

Smog (SMOG) is probably best known for its promise to deliver an airdrop that is ”the greatest in history.”

Smog’s Season 1 airdrop rewarded $SMOG token holders who joined the project’s questboard on Zealy and completed daily quests and community tasks for XP. The first season ended with a snapshot taken on April 3 and giveaways amounting to about $1 million.

Over nine million quests were completed by nearly 50,000 participants in the first airdrop season.

That same day, the team announced the token’s listing on the MEXC centralized exchange (CEX).

Season 2 of the airdrop began thereafter and is currently ongoing, with the focus shifting to on-chain activity.

Investors can also earn passively by staking $SMOG tokens for an annual percentage yield (APY) of 42%.

99Bitcoins, a prominent crypto YouTube channel with over 700,000 subscribers, says that SMOG has the potential to 100X on launch.

With the token’s development team hinting that the recent MEXC listing might open the door to another top-tier exchange listing soon, now might be an opportune moment to grab tokens before they become even more widely available.

The best place to buy Smog tokens is on its official website here, where there is a 10% discount while the offer lasts.

Related News

Smog (SMOG) - Meme Coin With Rewards

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Smog token
  • 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
Smog token

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