Popcat Price Prediction: POPCAT Surges 57% In A Week, But Investors Flock To This $20.7 Million SOL Layer-2 ICO Offering 196% APY

The Popcat price surged 57% in the last week and 5% in the last 24 hours to trade at $0.3467 as of 11:21 p.m. EST on trading volume that rose 1% to $147 million.

Popcat Price Breaks Out From Falling Wedge – Bullish Reversal Ahead?

The POPCAT price chart analysis on the 12-hour timeframe is showing signs of a potential trend reversal following a prolonged downtrend. POPCAT has formed a classic falling wedge, a pattern that typically signals a bullish reversal.

The Popcat price has broken out of this wedge, indicating a shift in market sentiment from bearish to bullish.

POPCAT has just broken above the 50-period Simple Moving Average (SMA) on the 12-hour chart at $0.3366—a sign of growing bullish momentum, according to GeckoTerminal. The 200-period SMA, at $0.9189 acts as the next key hurdle.

A decisive break above the 200-period SMA would confirm a shift to a long-term bullish trend.

Meanwhile, the Relative Strength Index (RSI) is at 58.98, moving upwards from a previously oversold region. This signals increasing buying pressure but still leaves room for more upside before becoming overbought.

The blue Moving Average Convergence Divergence (MACD) line has crossed above the orange signal line, confirming a bullish crossover. The increasing histogram bars indicate growing positive momentum, aligning with the breakout from the wedge.

POPCAT Price Prediction

The breakout from the falling wedge, combined with bullish indicators, suggests that the Popcat price could be entering a strong uptrend.

If the price of Popcat continues to soar, the short-term target is at $0.90 (confluent with the 200-period SMA). The next resistance levels are at $1.20 (mid-range resistance) and $1.80 (major resistance from previous highs).

Conversely, a failure to hold above $0.33 could see a retest of support near $0.25.

As the price of POPCAT soars, investors are also buying a new Solana meme coin called Solaxy (SOLX), which popular YouTube channel 99Bitcoins, with over 724K subscribers, says has the potential to soar 100X post-launch.

Solaxy Presale Soars Over $20 Million—Next 100X Crypto?

Solaxy, the first Layer-2 scaling solution for Solana, has already garnered over $20.7 million in funding as investors continue to pour early-stage capital into the project.

Solana is known for being fast and cheap, but it isn’t perfect. As Solana gets busier, things can get congested, leading to slower transactions and sometimes even failed ones.

Solaxy’s team aims to change all that.

The project will address Solana’s network congestion issues by implementing off-chain transaction processing mechanisms—similar to Ethereum’s Layer-2 solutions. This model has already been proven successful on Ethereum through platforms like Arbitrum and Optimism.

By processing transactions off of Solana’s main chain, bundling them together, and then submitting them to the mainnet for final verification, Solaxy’s system enhances efficiency.

🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.

Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF

— Best Wallet (@BestWalletHQ) December 17, 2024

Moreover, once launched, Solaxy will provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s Layer-1 capabilities. 

Beyond speeds, Solaxy also offers staking opportunities for SOLX holders, with annual yields estimated at 196%. Investors have locked up more than 5.8 billion SOLX in this staking protocol so far.

Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001634 each using BNB, ETH, USDT, or a bank card.

Buy SOLX before a price hike in less than 19 hours to secure the best deal.

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