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The Popcat price has soared 34% in the last 24 hours to trade at $1.82 as of 7:05 a.m. EST on a 125% pump in trading volume to $434 million.
Popcat Price Rebounds On A Strong Support
The POPCAT/USD daily chart shows a strong bullish trend, particularly in recent weeks, as the price broke through previous resistance levels and began a steady upward rally. Currently, the price is holding above a key support level of around $1.65, which could act as a launching point for further gains if it remains intact.
Additionally, two major support levels are providing additional stability. The first, around $0.75, aligns with the 200-day moving average and has been tested multiple times, solidifying it as a strong support area. The second is at $1.36, where the 50-day moving average is positioned, further reinforcing upward momentum.
POPCATUSD Analysis. Source: Dextools.io
The 50-day moving average, currently at $1.36, is trending upward, indicating medium-term bullish strength. The 200-day moving average, positioned at $0.75, also points upwards, indicating a long-term positive trend.
Popcat Price Technicals Signal More Upside Ahead
The MACD indicator adds to this positive outlook. The MACD line is above the signal line, showing bullish momentum, though the gap between them is narrowing. This crossover often indicates upward movement, but the shrinking gap suggests momentum may be slowing slightly, so caution is advised.
Meanwhile, the MACD histogram is still positive, indicating that bullish pressure is intact but should be monitored for potential weakening.
The RSI, currently at 59.72, remains below the overbought level of 70, indicating that there is still room for the price to rise without entering overbought territory. This provides further space for bullish momentum, suggesting the rally could continue in the short term.
The POPCAT/USD pair could continue to rise if it maintains support above $1.65, potentially targeting the $2.5 level if buying pressure sustains. The indicators suggest a generally bullish outlook with room for further gains.
However, if there is a pullback, the $1.36 level coinciding with the 50-day SMA could serve as the next key support. A bounce from this level might renew the uptrend. But it’s essential to watch the MACD and RSI closely for any signs of a potential reversal.
Crypto All-Stars Blasts Past $3.6 Million – The Best Crypto To Buy Now?
As the Popcat price continues its impressive rise, investors seeking the next promising crypto opportunity are flocking to a new token called Crypto All-Stars (STARS), which is surging toward $4 million in its presale.
According to 99Bitcoins, a well-known crypto YouTube channel with over 706,000 subscribers, $STARS has the potential to skyrocket by 100X following its launch.
For anyone looking to capitalize on the meme coin frenzy, Crypto All-Stars is positioning itself as the ultimate hub. That’s because its MemeVault protocol enables investors to stake 11 top meme coins on one platform for the first time. Rewards will be earned in STARS.
At first, Crypto All-Stars will support Dogecoin, Shiba Inu, PepeCoin, Floki, Bonk, Brett, Mog Coin, Milady, Turbo, Toshi, and Coq Inu, with the promise of even more options rolling out in the months ahead.
The Game-Changer: Meme Vault
The Meme Vault is a staking protocol where you can earn $STARS tokens by staking popular meme coins. 🪙
Never before has there been a way to earn rewards like this in the meme coin world!
— web3telepath (@web3telepath) August 15, 2024
In addition to staking popular meme coins, Crypto All-Stars also allows investors to stake its native STARS token, which offers a massive 454% annual percentage yield (APY).
Currently priced at $0.0015618, STARS tokens can be purchased using BNB, USDT, or a bank card.
With a price increase coming in about 16 hours, buy soon to secure the best deal.
Buy STARS on the official website here.
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