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The Popcat price surged 9% in the last 24 hours to trade at $1.31 as of 3.30 a.m. EST on trading volume that skyrocketed 31% to $138.6 million.
The popular meme coin has soared 29% in the past week, although its current value is still some way short of its weekly high.
Popcat Price Prediction
The POPCAT price saw a strong surge in the last 24 hours, but it appears its price encountered a barrier that it was unable to breach at this time. After an attempt to climb beyond the value of $1.30, the token’s price was rejected by a resistance, but technical indicators suggest that the market is still bullish.
As a result, the price might retest the resistance over the next few hours.
Popcat’s Bollinger bands have seen a sharp narrowing in the last several hours after yesterday’s surge, only to start widening again now, as the new surge pushed the upper band further up. However, after getting slightly beyond the value of $1.30, the rejection sent the price down toward the middle area between the two bands.
The bulls regained control quickly, however, and the price once again started to rise before reaching the middle point, suggesting that a recovery was starting.
On the other hand, the project’s Relative Strength Index (RSI) shows that the price rejection happened as soon as the RSI value reached the overbought zone at 70. But, after a sharp drop to the neutral area, the bulls started buying again once the RSI dropped to around 58.
The bullish sentiment is now causing traders to buy the token again, which has caused the RSI to stop its descent and start going up again.
The big question now is whether the price can return to the value of $1.30, and if so, can it breach it? Unless if this is the start of the next big rally, it might be difficult for POPCAT to go beyond the resistance at this time, although a highly bullish market could help with breaching this level.
But, since POPCAT is only following Bitcoin’s lead for the time being, it might lack the strength that a positive catalyst of its own would provide. In other words, the project is in a delicate situation where any purchases of its tokens are highly risky right now.
Promising Alternative To Popcat
Traders looking for alternative investment options might consider a new presale called Flockerz (FLOCK), which YouTuber ClayBro, with over 130k subscribers, says has ”major potential.”
Flockerz is a new meme coin that is reinventing the voting process for decentralized communities in the crypto industry. Back when community voting to decide a project’s future was still a novelty, there was high interest in helping shape the future of decentralized cryptos, the organizations governing them, and the communities themselves.
However, over time, many have lost interest in participation in the governance process. Flockerz intends to bring it back by inventing a unique new model called Vote-To-Earn (V2E), which aims to provide voters with incentives and, in doing so, reawaken their interest in participation in community affairs. The more people join up, the more decentralized the project becomes.
Another part of its appeal is its staking yield, which currently stands at a stratospheric 3,028%. Already almost 61 million FLOCK tokens have been staked.
FLOCK has seen a significant amount of interest from the community so far, with funds raised surging past $605k.
FLOCK tokens sell for $0.0057469 and can be bought with ETH, BNB, USDT, or credit/debit cards. Those interested in buying should not wait too long as FLOCK will see a price increase in less than 2 days.
Visit the official FLOCK website here.
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