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The Popcat price plunged 23% in the last 24 hours to trade at $0.4354 as of 03:41 a.m. EST on trading volume that skyrocketed 64% to $120 million.
POPCAT plummeted along with the rest of the meme coin sector, which saw its market capitalization nosedive 9% to $42 billion. But it was the biggest loser among the largest 100 meme tokens.
Popcat Price Bulls Could Stage A Bullish Trend Reversal
The Popcat price in the last two weeks, has been on an upward trajectory, trading through a markup phase to the $0.6498 resistance level, data from GeckoTerminal shows. The bears took control at this level in July, pushing the token down, but within the bullish pennant pattern.
POPCAT price still trades above the critical support zone at $0.39, coinciding with the 200-day Simple Moving Average (SMA). If the bulls stage a bullish trend reversal at this point, the price of Popcat could rebound, surpassing the 50-day SMA at $0.5668.
The drop has been signified by the Relative Strength Index (RSI), which trades down as it closes in on the 30-oversold levels, an indication that sellers have an upper hand.
An analysis of Popcat’s price shows that the token is currently on a strong bearish trend, with the token dropping below the $0.41 support level, but trading within the pennant. If the bearish trend continues, the Popcat price could drop further to the $0.39 level, which acts as a cushion against downward pressure (200-day SMA).
However, with the token being oversold, the bulls could prompt a buyback, which could push the token over, with the bulls targeting the $0.6439 resistance level, after surpassing the immediate resistance zone around $0.56 (50-day SMA).
As the Popcat price prepares for a bullish trend reversal, new presale WienerAI (WAI) turned maximum bullish quite a while ago and has just blasted past $7 million in funds raised in its presale.
According to 99Bitcoins, a crypto channel on YouTube with over 705k subscribers, $WAI has the potential to soar 100x after launch.
WienerAI Presale Surges Past $7 Million
WienerAI’s AI-powered, soon-to-launch crypto trading bot has piqued investor interest, not least because such an innovative utility makes WAI a strong competitor to AI rivals like $CORGI, $TURBO, and $GROK in the meme coin space.
More Wieners every day – Our WienerAI family is growing fast! 🐾
More holders = More excitement for our launch!
Ready to join the pack? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
The part-dog, part-sausage, and part-AI trading bot buddy has caused quite a stir in the crypto world, earning it the title of the “ChatGPT of crypto.”
The trading bot uses predictive technology and a user-friendly interface to give token holders advice on when to buy and sell crypto.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We're delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
Token holders can also earn passively through the platform’s staking system, which provides an annual percentage yield (APY) of 162%.
You can be part of the presale by buying WAI tokens for $0.000725 each. But hurry as the price will increase in a little more than two days.
Buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.
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