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The Popcat price has surged 11% in the last 24 hours to trade at $0.6981 as of 7:20 a.m. EST on a 28% jump in trading volume to $66.5 million.
The pump made POPCAT the only gainer among the top 10 largest meme coins by market capitalization, according to CoinMarketCap.
The meme coin sector is a sea of red ink today with its overall market capitalization plummeting 6.6% to $46.7 billion.
Still, some remain optimistic over the outlook for WIF. Analyst Cold Blooded Shiller on X shared a three-day chart highlighting a key support area that could serve as a crucial rebound point for WIF.
According to the analyst, all the lows have now been cleared for $POPCAT, which has dropped into the $0.60s. Despite the current market volatility, some of these levels may present appealing risk-reward opportunities.
All of the lows now cleared for $POPCAT down into the $0.60s.
The markets are still shaky but imo some of these zones just make RR sense to be interested – it's all about simplicity. https://t.co/8BQDL5Wawm pic.twitter.com/UC89smt7oc
— Cold Blooded Shiller (@ColdBloodShill) August 1, 2024
Popcat Price Analysis: Bulls Gear Up For Bullish Breakout
Currently, the price of POPCAT has bounced off the support level and continues to increase in momentum. Traders are now targeting $1 as the next bullish milestone. After a decline from the $1.03 resistance level, POPCAT’s price has rebounded strongly, with bulls finding solid support at $0.6837 and pushing the price back above this level.
The ongoing struggle between bulls and bears has led to a rising channel, which traders see as a positive sign for a continuation of the bullish trend. This pattern suggests that the price could keep climbing if the bulls maintain their strength.
POPCATUSD Analysis (Source: Tradingview)
The daily technical indicators present a bullish outlook for POPCAT. The price is currently trading above the 50-day simple moving average, suggesting a potential upward trend and reinforcing the positive market sentiment.
The MACD also supports this bullish view. The blue MACD line is crossing above the orange signal line, and the green histogram bars are positive, indicating increased investor interest and momentum.
Furthermore, the Relative Strength Index (RSI) has risen from below the 50 midline to 57, reflecting strong buying pressure for POPCAT. With this increased momentum, the RSI is expected to move back into the overbought territory, signalling further bullish potential.
Popcat Price Prediction
The bulls are poised to continue the current upward trend, and increased momentum could push the POPCAT price up to the previous resistance level of $0.9872. If this upward movement persists, it could propel the price to the significant milestone of $1.5, marking a notable recovery in its market value.
However, if POPCAT struggles to surpass this key resistance, it could face a downturn. In that scenario, the $0.4891 level would become a crucial support point to cut the bulls.
Is Pepe Unchained The Next 10X Meme Coin?
Another meme coins that’s surging in a down market is the new Pepe-themed project Pepe Unchained(PEPU), which is storming towards $7 million in its presale.
Ethereum’s scalability issues, high fees, and slower transaction times have hindered the progress of the meme coin titan PEPE. To address these challenges, Pepe Unchained (PEPU) introduces its own layer-2 network.
This dedicated sidechain promises transaction speeds up to 100 times faster than Ethereum’s current throughput, and significantly lower network fees.
Time to build!
Pepe's hard at work! 🐸 pic.twitter.com/crteXaqwmG
— Pepe Unchained (@pepe_unchained) August 2, 2024
Investors can benefit from the seamless bridging between Pepe Unchained’s layer-2 network and Ethereum’s mainnet, combining Ethereum’s robust security with Pepe Unchained’s impressive speed.
Pepe Unchained investors can also stake their tokens for an annual return of 283%.
The 99Bitcoins YouTube channel, with 706k subscribers, suggests that Pepe Unchained (PEPU) could potentially be the next 10x meme coin.
PEPU is currently priced at $0.0088396. With the price set to increase in less than 28 hours, interested buyers should act quickly to secure the best deal.
Buy PEPU on the official website here with ETH, USDT, BNB, or a bank card.
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