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The Popcat price has soared 134% in the past week and almost 4% in the past 24 hours to trade at $0.5874 as of 7:04 p.m. EST.
Snap | Source: CoinMarketCap
Popcat Price Outlook
Looking at in-depth analysis, we see that Popcat has been on an uptrend, as evidenced by the latest series of candle stick patterns confined within the rising wedge. This is a bearish pattern, suggesting that the buying momentum is weakening despite the upward trend as the peaks and troughs come closer together.
We also see a double-top pattern backing the Rising Wedge formation. This pattern is visible at the top of the Rising Wedge, where the price has hit a similar resistance level twice (“Top 1” and “Top 2”) without a decisive breakout above these levels.
The Double Top is a widely recognized bearish reversal pattern that signals a potential shift from an uptrend to a downtrend. It is confirmed when the price falls below the support level formed by the trough between the two peaks.
Looking at other indicators, we see that the Woodies CCI indicator shows a high reading, which could indicate that the price is currently overbought. This aligns with the expectation of a reversal, as high CCI values can suggest that a price pullback is due.
Given the confluence of a Rising Wedge and a Double Top pattern, traders might consider preparing for a bearish move.
4-hour POPCAT/USDT Chart | Source: TradingView
Meanwhile, as the Popcat price risks a correction, traders are rushing to buy the Solana meme coin Sealana (SEAL) with less than three days left before it goes live on decentralized exchanges (DEXs).
Best Solana Meme Coin To Buy Right Now?
Sealana, a project based on a plump seal that dove deep into the Solana Sea, has already raised more than $6 million in presale.
The character is so engrossed in the degen cryptocurrency market that all he thinks about is discovering the next big Solana meme coin while chowing down on tuna and chips.
The #Presale has ended! 🚨 The #Airdrop will commence on Tuesday, July 2nd at 1 PM UTC! 🕙🦭
Don't worry you can still buy $SEAL before the airdrop begins! 🚀💸 #Sealana is more excited than a fat guy at McDonalds to whale $SEAL into your wallets! 💰 More info comin’ soon! 🔥 pic.twitter.com/9Mafi9u060
— Sealana (@Sealana_Token) June 25, 2024
The presale will close at 1 p.m. UTC on July 1, which means there is a very limited window to purchase $SEAL tokens to be included in the initial airdrop.
”Airdrop sales” will though continue until the airdrop really starts. Tokens bought during this next 24-hour window will be airdropped following the conclusion of the initial airdrop.
SEAL token trading on decentralized exchanges (DEX) will commence on July 2 at 1 p.m. UTC.
What better way to show your love of Lambos, Massive Gains & Freedom than getting a #USA tattoo to show for it! 🇺🇸 #Sealana knows what’s best for American made #Memecoins and has a plan to make them great again! 🦭
Send $SOL 💸 and let him be an example for all #Degens!💪 #MAGA pic.twitter.com/B4aBZ2wEbI
— Sealana (@Sealana_Token) June 14, 2024
Popular YouTube crypto analyst Crypto Boy predicts that SEAL has the potential to explode 100x after its debut.
Investors can purchase $SEAL using SOL, ETH, USDT, USDC, or with fiat currency using a bank card.
Visit the official website to purchase SEAL tokens here. They are priced at $0.022 each.
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