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The Popcat price surged over 11% in the last 24 hours to trade at $1.36 as of 11:31 p.m. EST as investors go long on the meme coin.
With the recent rapid rise, the POPCAT price was able to push its weekly performance back into the green. This has also added to its streak over the last 30 days, with the altcoin now up more than 90% on the monthly time frame.
The Popcat Price Bounces Off Of Support To Overcome A Technical Obstacle
4-hour chart for POPCAT/USD (Source: GeckoTerminal)
The Popcat price rose above the $1.2880 resistance level in the last 24 hours after rebounding from the $1.1748 support. Should the meme coin continue to climb through the course of the next trading day, it might try to breach the $1.4327 barrier to potentially rise to as high as $1.5900 in the short term.
A rejection from the $1.4327 resistance could prevent a bullish move from happening, and stop the Popcat price in its tracks. In this alternative scenario, POPCAT might stand the risk of dropping back below the $1.2880 mark. Continued sell pressure if the meme coin loses this technical crutch could then lead to the crypto plunging to the aforementioned $1.1748 mark.
Technicals Suggest The Popcat Price Might Keep Climbing
Technical indicators on POPCAT’s 4-hour chart suggest the meme coin might continue to climb in the coming few hours. In addition to the Relative Strength Index (RSI) showing positive signs, the Moving Average Convergence Divergence (MACD) also triggered a major bullish technical flag recently.
RSI readings increased over the past 24 hours to indicate that buyers have grown stronger against sellers. What’s more, the indicator’s readings surpassed the 50 benchmark recently, which traders usually see as a sign that bulls have gained the upper hand against bears. With the positive slope of the RSI line, it appears buyers are still accumulating strength as well.
Meanwhile, the MACD line crossed above the MACD Signal line during the last trading session. This is considered a major bullish technical flag, and suggests that the Popcat price has entered a positive short-term cycle. The growing gap between these two lines is also a positive sign, and might be seen as an indication of POPCAT’s bullish momentum picking up steam.
As bulls try to push the Popcat price even higher, investors are flocking to meme coin rival Crypto All-Stars (STARS), which YouTuber Jacob Bury, with 42K subscribers, says has the potential to soar 10X after its launch.
A Staking Experience Like No Other
Crypto All-Stars (STARS) offers an unprecedented staking opportunity through its innovative MemeVault platform. What makes the project so unique is the fact that it enables meme coin lovers to lock up many of their favorite tokens for passive staking rewards, all on one platform.
Tokens that can already be put to work through the MemeVault include DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. More staking options are also scheduled to be added in the coming months.
All of the rewards generated through MemeVault will be paid out in STARS. The project’s choice to reward participants in its native token gives investors the rare opportunity to compound their rewards, because anyone who stakes STARS now will unlock a huge 611% annual return.
With the high rewards up for grabs, the project’s innovative staking and its meme coin appeal combined, it’s easy to see why experts and analysts are bullish on STARS.
Charging Towards $3 Million In Presale
STARS has also been a massive hit with investors so far during its ongoing ICO, and has already raised more than $2.4 million.
To unlock access to the lucrative staking opportunity, investors will first need to purchase STARS through the simple buy widget embedded on its website. Currently selling for $0.0015067, the meme coin can be bought with either ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or bank card.
Once investors have purchased some tokens, the next step is to lock them up via the staking page to start earning the passive rewards.
To acquire STARS at the best rate, investors will want to act quickly. This is because the meme coin’s price is set to increase with each new stage of its presale. The next price adjustment will happen in just over 24 hours.
Purchase STARS here before its next price increase.
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