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The Popcat price jumped 13% over the past 24 hours to trade at $1.72 as of 3:35 a.m. EST on an 18% pump in trading volume to $230 million.
The POPCAT price surge enabled it to flip Bonk (BONK) to become the fifth-largest meme coin with a market capitalization of $1.68 billion. BONK now ranks sixth with a market cap of $1.61 billion.
Popcat Price May Continue The Uptrend: Can The Bulls Sustain The Momentum?
The POPCAT/USDT price action in the 15-minute timeframe presents a clear bullish trend, with several factors supporting upward momentum. The price is trading above the 50-period and 200-period moving averages, a key indicator of bullish sentiment.
The 50-period moving average (marked in blue) reflects short-term strength, while the 200-period moving average (in green) confirms longer-term stability in the uptrend. These moving averages can also be dynamic support if the price sees a minor pullback.
The major support zone, around $1.47, has previously acted as a strong foundation, preventing further declines and helping the price bounce back. The two additional support levels, $1.60 and $1.53, represent consolidation points where buyers have previously entered the market. These levels could serve as critical zones for maintaining the current uptrend.
POPCATUSD Analysis Source: Dextools.io
Popcat Price Bullish Technicals Signal More Uptrend Ahead
The MACD indicator shows a bullish crossover, where the MACD line (in blue) has moved above the signal line (in orange), accompanied by positive histogram bars. This crossover suggests an increasing bullish momentum, reinforcing the likelihood of upward price movement.
However, the RSI (Relative Strength Index) trades at 71.88, indicating overbought conditions. This level signals that while buyers are in control, there is a risk of temporary exhaustion or a minor correction.
The dotted line in the chart marks a potential rally, suggesting that if the price continues to hold above Support 1 and Support 2, it could push towards or beyond the $1.80 mark. This potential rally aligns with the overall market sentiment and indicators.
However, traders should be cautious of short-term corrections given the RSI’s overbought status. If the Popcat price fails to hold the immediate support levels, a slight pullback toward the moving averages could be possible before another attempt at higher highs.
The price action above key moving averages, combined with well-defined support levels and a bullish MACD crossover, all point to a potential continuation of the uptrend. Nonetheless, the overbought RSI hints at the possibility of brief consolidation or minor retracement before a further push higher.
Crypto All-Stars Presale Hurtles Toward $3 Million: Best Crypto To Buy Now?
The bullish excitement around the Popcat price is mirrored in the Crypto All-Stars (STARS) presale, which has raised over $2.8 million.
According to ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, $STARS has the potential to soar 10X after its launch.
C͏rypto All-S͏t͏a͏r͏s is an innovative new project that enables investors to stake multiple top meme coins on one platform for the first time, earning rewards in STARS tokens.
The project team has made this possible through its innovative M͏emeVault eco͏syste͏m, which will enable the staking of 11 meme coins after launch. They are Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk, with more to be added in the coming months.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
STARS tokens can also be staked, offering a huge 545% annual reward.
Investors interested in getting in early on STARS can buy it for $0.0015309 with ETH, BNB, USDT, DOGE, FLOKI, PEPE, or SHIB.
If you want to join the project, buy before a price hike in less than 2 days.
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