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The Popcat price plunged 13% in the last 24 hours to trade at $0.565 as of 02:22 a.m. EST on trading volume that dropped 33% to $98 million.
This comes as the token ranked as the most swapped on the Phantom wallet last week, topping WIF, MICHI and SC.
Last week’s top tokens are in…
We got 5 tickers, but only 1 Tooker.
1. POPCAT 🐱
2. WIF 🐶
3. MICHI 🐱
4. SC 🦈🐱
5. TOOKER 🇺🇸👨💼What tokens will come out on top next week? 🤔 pic.twitter.com/HfqOULnruO
— Phantom (@phantom) May 6, 2024
Popcat Price Signals A Bullish Trend Reversal Over The Falling Wedge Pattern
The Popcat price has been on an upward trend in May, registering a 39% price increase in the last seven days and recording an all-time high (ATH) of $0.7169 on May 4. However, despite the price being up, POPCAT has been trading within a falling wedge pattern, with the current price being 21% lower than the ATH.
POPCAT bulls found support around $0.52, allowing the bulls to push the price above the lower boundary of the wedge, as they aim to surpass the upper boundary, staging a possible breakout to the upside.
POPCAT trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the current downtrend.
However, the Relative Strength Index (RSI) trades upwards above the 50-midline level at 53 as it moves up, an indication that investors are in a buying frenzy. A sustained bullish stance could potentially push the RSI to the 70-overbought region, an indication of continued investor optimism.
Popcat Price Prediction
The Popcat price analysis shows strong bullish momentum, with the POPCAT price set to soar over the falling wedge pattern as the bulls target $0.70, with the long-term goal set to surpass its ATH.
The RSI and the SMAs offer bullish prospects for optimistic investors, who could push the price even higher.
However, the 50-day SMA crosses below the 200-day SMA, forming a death cross around the $0.60 level. A death cross could suggest that the price may take on a bearish trend. In such a scenario, the bulls could retreat to the support level of around $0.5086, acting as a cushion against downward pressure.
As the Popcat price bulls aim to push the it to a new ATH, investors are also buying Solana meme coin SMOG, which is hinting at another top-tier exchange listing soon.
SMOG: The Best 100X Coin to Buy Now?
Smog (SMOG) is probably best known for its promise to deliver an airdrop that is ”the greatest in history.”
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Smog’s Season 1 airdrop rewarded $SMOG token holders who joined the project’s questboard on Zealy and completed daily quests and community tasks for XP. The first season ended with a snapshot taken on April 3 and giveaways amounting to about $1 million.
Over nine million quests were completed by nearly 50,000 participants in the first airdrop season.
That same day, the team announced the token’s listing on the MEXC centralized exchange (CEX).
We're thrilled to announce that the @SMOGToken Kickstarter has concluded and $SMOG will be listed on #MEXC!
🔹Deposit: Opened
🔹SMOG/USDT Trading in the Innovation Zone: 2024-04-04 09:00 (UTC)Details: https://t.co/3ecyvrTv2n pic.twitter.com/kvgoFiYOib
— MEXC (@MEXC_Official) April 4, 2024
Season 2 of the airdrop began thereafter and is currently ongoing, with the focus shifting to on-chain activity.
Investors can also earn passively by staking $SMOG tokens for an annual percentage yield (APY) of 42%.
Buy or stake your ERC-20 $SMOG #Tokens through our platform. 💰🐉
Staked tokens are securely locked for 90 days, with rewards available for withdrawal at your convenience. 🔒💸
Every token purchased via our service is automatically staked for you. 🔄
— SMOG (@SMOGToken) February 22, 2024
99Bitcoins, a prominent crypto YouTube channel with over 700,000 subscribers, says that SMOG has the potential to 100X on launch.
With the token’s development team hinting that the recent MEXC listing might open the door to another top-tier exchange listing soon, now might be an opportune moment to grab tokens before they become even more widely available.
The best place to buy Smog tokens is on its official website here, where there is a 10% discount while the offer lasts.
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