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The Popcat price soared 32% in the last 24 hours to trade at $0.5839 as of 00:41 a.m. EST on trading volume that skyrocketed 217% to $165 million.
This comes after Binance Futures announced the introduction of two new USD-Margined perpetual contracts featuring POPCAT and SUN tokens.
#Binance Futures will launch USDⓈ-Margined $POPCAT and $SUN Perpetual Contracts at
🗓️ August 22 2024, 13:00 and 13:05 (UTC) respectively
Read more ➡️ https://t.co/peffrLlfqi pic.twitter.com/sE20R7XNVe
— Binance Futures (@BinanceFutures) August 22, 2024
According to a statement by Binance Futures, the new perpetual contracts for POPCAT/USDT and SUN/USDT were launched yesterday, August 22, an initiative seen as a means to respond to user demand for innovative and varied trading products.
Popcat Price Aims For A Continued Rally
The Popcat price has been on a downtrend in the last two weeks, trading within the falling channel pattern. According to GeckoTerminal data, POPCAT dropped from the $0.66 resistance and found support around the $0.38 level.
The support allowed the bulls to push the price above the channel as they aim for a continued rally. POPCAT has now crossed above the 50-day Simple Moving Average (SMA), which could encourage the bulls to propel the price of Popcat further. A sustained surge could push the price above the 200-day SMA, which now acts as the immediate resistance level at $0.6179.
Furthermore, the Relative Strength Index (RSI) is soaring as it aims to cross above the 70-overbought region, which shows that the asset is currently under intense buying pressure.
The Moving Average Convergence Divergence (MACD) also encourages buyers to add to their positions as it crosses above the neutral line. The blue MACD line also crosses above the orange signal line, representing a bullish crossover.
Popcat Price Prediction
With the green bars on the histogram extending above the neutral line, POPCAT is now on positive momentum. If the momentum continues, POPCAT could soar further above the channel as the bulls target $0.88.
However, the RSI currently shows that Popcat is overvalued, which may prompt the bears to start selling. In this scenario, the token could plunge back to the $0.46 support (50-day SMA).
As the POPCAT price bulls push the token up, other meme coin investors are rushing to buy the new Base token Base Dawgz (DAWGZ), which aims to emulate the success of Base meme coin titan BRETT.
Brett has exploded 11,133% from its all-time low, according to Coingecko.
Base Dawg Presale Closes On $3 Million, Best Meme Coin To Buy Now?
Base Dawgz calls Base home but it brings a unique multi-chain experience that offers seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and AVAX.
To ensure that users can easily soar through the decentralized world without limits, Base Dawgz leverages the latest technology in Web3, including Wormhole and Portal Bridge.
Users can benefit from the project’s unique staking feature, with the team already setting 20% of the total token supply for staking.
Base Dawgz’s staking feature offers investors an impressive 803% annual yield (APY) on their investment.
The project will also launch the “Be Social for Airdrop” campaign to reward users with points that can be redeemed for $DAWGZ later. All you have to do is to engage with your social media networks on X.
According to ClayBro, a YouTube crypto analyst with over 130K subscribers, $DAWGZ “could create millionaires.”
If you want to participate in the presale, which has already amassed $2.99 million in funds, you can buy the token for $0.008173. But hurry as the price will increase in less than four days.
You can buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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