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The Popcat price has soared 18% in the last 24 hours to trade at $1.56 as of 3:15 a.m. EST on a 58% surge in trading volume to $228 million.
Popcat Price Faces A Minor Correction But Signals More Bullish Momentum
The chart for the POPCAT/USDT trading pair in the 1-hour timeframe shows a developing bullish trend. Currently, the price is at $1.5440, having recently reached a high of $1.5787 before retracing slightly. The 50-period moving average (MA), at $1.4478, has crossed above the 200-period MA, which is at $1.3387.
This moving average cross signals potential further upside, as it often indicates a shift from bearish to bullish momentum.
POPCATUSDT Analysis Source: Tradingview
The RSI (Relative Strength Index) stands at 68.49, which is approaching the overbought territory. This indicates that while buyers are still driving the market, a potential correction could be on the horizon if the RSI crosses into overbought conditions. There’s also a secondary RSI reading of 55.99, indicating the price still has balanced momentum but with a positive bias.
The chart also displays a parabolic curve, indicating accelerating bullish momentum. The Popcat price is currently resting on a support level of $1.54, which is crucial for sustaining the current uptrend. If this support holds, it could propel the price higher toward $1.60 and beyond, as projected by the upward arrow on the chart.
The indicators and patterns suggest a strong bullish trend in progress, with the moving averages supporting continued upward movement. However, traders should monitor the $1.54 support level closely, as a break below could lead to further retracement before the next upward move.
Crypto All Stars Heads For $3 Million: Next Crypto To Explode?
While Popcat price traders anticipate a further bullish surge, the new Crypto All Stars (STARS) presale has raced past $2.6 million.
According to the 99Bitcoins YouTube channel, which has more than 706k subscribers, STARS is among the top 3 crypto presales right now with the potential to 10x after launch.
Crypto All-Stars is a groundbreaking platform that enables traders to stake their meme coins in one place for the first time.
It does that via its MemeVault protocol, with rewards paid in STARS tokens.
When it launches, MemeVault will support staking for 11 of the most popular meme coins: Pepe, Dogecoin, Shiba Inu, Floki Inu, Milady, Brett, Turbo, Mog Coin, Toshi, Bonk, and Coq Inu. More meme coins will be added in coming months.
$STARS tokens can also be staked for a huge annual yield of 572%.
If you’re interested in joining the presale, you can purchase $STARS tokens for $0.0015188 using ETH, USDT, BNB, or a bank card. But you’ll need to act quickly as the price will increase in less than 20 hours.
Charles is a journalist with a deep passion for blockchain technology. Having personally benefited from it, he shares accurate and reliable insights, staying updated on the latest industry trends.
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