Join Our Telegram channel to stay up to date on breaking news coverage
The Popcat price has pumped 4% in the last 24 hours to trade at $1.37 as of 3 a.m. EST on trading volume that skyrocketed 56% to $162.38 million.
The popular cat-based meme coin is also around 13% up on its weekly chart, going from $1.2163 last Wednesday to its current price. This is not its weekly high, however, as the project previously reached $1.46 only a few hours ago.
Based on its daily chart, it would appear that the resistance at $1.45 proved to be too strong for POPCAT to breach. However, both the project’s 7-day and 30-day charts suggest that the true resistance that the project failed to conquer lies at $1.40.
Popcat attempted to conquer this level in five major attempts through October, and while it was successful at breaching it multiple times, it failed to turn it into a support.
Its price was eventually rejected to a support at $1.20 each time, although, right now, it seems that such a sharp drop might be avoided.
Popcat Price Prediction
While the Popcat price is still higher than it was 24 hours ago, the rejecting from the resistance at $1.45 has caused the token’s price to sink significantly. However, technical indicators suggest that POPCAT might be about to recover.
Despite the price drop, the meme coin’s Bollinger bands remain wide, which is a positive sign. Its price spent the last several hours pushing the lower band down, but it is now finally starting to separate from it, and it could possibly return to the neutral area between the two lines, if not all the way up to the upper band.
However, the project’s Relative Strength Index (RSI) is a much more optimistic signal. After spending most of the last 24 hours fluctuating between the overbought zone and the neutral area, the RSI finally dropped to the oversold zone, as traders engaged in a heavy sell-off.
This may be taken as a sign by opportunity seekers to move in and buy the dip, especially now that the RSI has dropped to the value of 28.96. Typically, traders start buying as soon as the RSI value approaches 30, and now that it has dipped below this border, the token is heavily oversold and undervalued.
So, unless an even stronger bearish wave starts pushing the market further down, POPCAT is likely to see another surge in the hours to come, and potentially climb back up to $1.40, and maybe even retest the level at $1.45.
However, traders should remain cautious, as most of the crypto market is still trading in the red at the time of writing. As a result, POPCAT is still in a better position than most of the largest cryptos by market cap in terms of performance.
Promising Alternative To Popcat
Those unwilling to take a risk with Popcat might consider Pepe Unchained (PEPU), which is probably the most successful ICO of the year after raising more than $21.8 million in its presale.
Influential YouTuber ClayBro, with over 130k subscribers, believe it can easily become the next 100x crypto.
The reason behind the project’s success is that it is the first Pepe-based meme coin to have its own blockchain. Even the original Pepe, which runs on Ethereum, cannot match that.
Like ETH itself, PEPE suffers from slow and expensive transactions. That’s why Pepe Unchained calls itself the superior version of Pepe, one that is “unchained” from Ethereum’s shackles. This allowed it to become much faster, with near-instant transactions, which are also extremely cheap.
More than that, the project is developing an entire ecosystem on its network, complete with its own DEX, a native block explorer, and even the PEPU Foundation.
Many view it not only as a challenger to Pepe, but its replacement, which is why buying it early before it goes live is something that thousands of investors decided is a must.
Right now, PEPU sells for only $0.01176. With its price set to increase in a little more than 1 day, anyone interested should make their move before that happens. The token can be bought with ETH, USDT, BNB, or credit/debit cards.
Related Articles:
- Jacob Bury’s 5 Best Crypto Picks for Today’s Market
- Cilinix Crypto Pepe Unchained’s Presale Update
- How to Buy Pepe Unchained – $PEPU Presale Review
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
