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The Popcat price surged 22% in the last 24 hours to trade at $0.8729 as of 03:57 a.m. EST on trading volume that skyrocketed 64% to $137 million.
Popcat Price Aims For A Trend Continuation
The Popcat price picked up some bullish sentiment in the last two weeks as the price soared from the $0.50 support before finding some resistance around $0.75, according to data from GeckoTerminal.
POPCAT then went on to trade on a sideways pattern in the last week as the Popcat price traded in a consolidation phase.
The bulls have won the struggle, pushing the asset above the upper boundary of the sideways pattern.
POPCAT price bulls aim for a continued rally, with the token’s price now trading above both the 50-day and 200-day Simple Moving Averages (SMAs). The 50-day SMA has now crossed above the 200-day SMA, forming a golden cross at $0.57, confirming the bullish stance.
Moreover, the Relative Strength Index (RSI) is also soaring above the 70-overbought region, currently at 73, which indicates that the token is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) also supports the positive trajectory of the price, as it moves above the neutral line. The blue MACD line at 0.033 trades moves above the orange signal line at 0.0158, which represents a bullish crossover.
Popcat Price Prediction
According to the POPCAT/UUSD chart analysis on the 4-hour timeframe, the price of Popcat is currently bullish. If the bulls continue pushing the price, POPCAT could soar even higher, as the bulls target $1.0.
However, the RSI now shows that the token is overvalued, which may be a selling signal for the bears. If the bears successfully exert pressure at this level, POPCAT could plunge towards a correction, with the likely support at the 50-day SMA at $0.69.
Meanwhile, as the bulls continue pushing the Popcat price north, they’re also buying a new Pepe derivative called Pepe Unchained (PEPU), one of the most successful presales of the year after raising over $13.8 million.
99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, says that $PEPU could soar 100x after its launch.
Pepe Unchained Roars Towards $14 Million – Best Meme Coin To Buy Now?
As its name makes clear, Pepe Unchained aims to set Pepe free from his old, clunky Layer-1 server room. That’s why the project will run on its own proprietary Ethereum Layer 2 blockchain.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
Pepe Unchained aims to tackle the scalability, speed, and efficiency issues that often plague meme coins built on the Ethereum Layer-1 blockchain.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 150%.
You can buy $PEPU tokens currently for $0.00981 each. With a price hike coming in less than 2 days, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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