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The Popcat price plunged 17% in a week and edged up a fraction of a percent in the last 24 hours to trade at $1.313 as of 11:13 p.m. EST on trading volume that plummeted 29% to $102 million.
Popcat Price Gearing Up Towards A Bullish Trend Reversal
The Popcat price, after surging in the beginning of November, went through a markup phase to hit the $2.0 resistance. However, the price has been on a downtrend, recording lower highs and lower lows, forming a falling channel, according to data from GeckoTerminal.
The price of Popcat now seems to be consolidating within the $1.30 range, with $1.21 offering a solid support zone.
As a result of the downtrend, the Popcat price is now trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the recent downtrend. Moreover, the 200-day SMA is now crossing over the 50-day SMA, forming a death cross at $1.56. The death cross further supports the significant correction.
The Relative Strength Index (RSI) is currently at level 48, which suggests neither oversold nor overbought conditions, but the RSI trending near the midline reflects weak momentum in either direction.
The MACD line (blue) is slightly above the signal line (orange), but both remain below the zero line. This configuration reflects a weak bullish divergence but within an overall bearish trend. A more significant bullish reversal might require the MACD to cross into positive territory.
If a bullish reversal were to occur over the upper boundary of the falling channel, the price of Popcat could push the price of Popcat towards the $1.55 resistance, on the 200-day SMA.
However, if the bears push the price of Popcat further down, Popcat could plunge to the October support zone around $1.11.
Meanwhile, investors are rallying behind Catslap ($SLAP), a new Popcat alternative that exploded on launch a week ago on the Ethereum network. Analysts from the renowned YouTube channel 99Bitcoins, with over 709K subscribers, are wondering if it’s the next $MOG and predict it could 100X.
Catslap ($SLAP) Debuts With A Bang – New Popcat Or Mog?
Catslap Token has entered the crypto market with a bang, boasting an over 2,000% price surge on launch day amid speculation of a possible Coinbase listing.
One week after its launch, the token has an $18.6 million market capitalization, and the team has boosted locked liquidity to $3.5 million as it moves to further boost investor confidence in the token.
Designed to capture the attention of meme enthusiasts and gamers alike, Catslap combines addictive gameplay with crypto innovation through its interactive “Slapometer” feature. This gamified click-to-slap experience has already begun fostering competition and engagement across its growing community with 13.8 million slaps unleashed across the world.
To mark 10 million slaps on the platform, the team burned 10 million $SLAP tokens, putting upward price pressure on the SLAP price.
We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— CatSlap (@CatSlapToken) November 21, 2024
With a rumored connection to the creators of other top meme coins, Catslap appears well-positioned to follow the success of tokens like Popcat, MEW, and MOG.
Its partnership with Best Wallet, a fast-growing crypto wallet, connects it to over 60,000 users, boosting visibility and momentum.
Investors can also earn passively with the project’s staking mechanism, which offers a 40% annual percentage yield (APY).
The $SLAP price is trading at $0.002268, according to CoinGecko data. You can purchase SLAP Token from its official website ahead of a major announcement in just 6 days.
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