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The Popcat price surged 3% in the last 24 hours to trade at $0.7136 as of 3.30 a.m. EST on trading volume that skyrocketed 45% to $119.2 million.
The popular cat-based meme coin has seen an even bigger price boost on a weekly basis, as its value shot up 56% in the last seven days, going from $0.45 to its current price. The token previously attempted to breach a resistance at $0.80, although the attempt ended up being unsuccessful when the bearish influence sharply replaced the bullish sentiment.
Despite this, Popcat has been performing significantly better than most other major meme coins, trading in the green on both daily and weekly charts. One potential reason is the recent listing on RabbitX.
The listing was announced only yesterday, with RabbitX saying on X that POPCAT was introduced due to community requests, and is now available for trading with 20x leverage.
📢RabbitX Listing Announcement 📢
By community request, $POPCAT is now available for trading with up to 20x leverage at https://t.co/wbZb9jUboe
Back the Bunny!
🐰💕🙀 pic.twitter.com/PgQcQgFl8z
— RabbitX 🐇 Get 📲 App Now! (@rabbitx_io) August 27, 2024
If POPCAT’s price manages to resist bears’ influence for long enough for bulls to return, the token could see a major boost that could result in it breaching the $0.80 barrier and potentially return to its ATH at $1.
Popcat Price Prediction
While Popcat did see a massive price surge on a weekly basis, traders are now looking toward the future, trying to decide whether the project could remain strong amid the bear market for long enough to see sellers’ influence weaken. There is some promise that Popcat could resist, with certain technical indicators giving away bullish signals.
The token’s Bollinger Bands, for example, have started widening again in the last several hours, which is a bullish signal. However, the POPCAT price, which used to push the upper band further up, detached itself from the band and currently sits in the middle of the indicator between the upper and lower bands.
This could be the first signal that a Popcat correction is coming, but the token still has a chance of resisting the broader market’s bearish influence, provided that the bulls retake the control of the market.
Meanwhile, the token’s Relative Strength Index (RSI) value, which has been surging toward the overbought zone, started spiraling down over the last few hours, which is a bearish signal. It shows that traders have started selling, likely in anticipation of a correction.
At the time of writing, the RSI score has reached the neutral zone and it remains to be seen whether it will keep dropping to the oversold area. If it does, then traders will have an opportunity to buy POPCAT at a lower price, once it finds its bottom. For now, however, the RSI suggests that a price drop might be inevitable.
Once again, Popcat’s short-term performance will heavily depend on the broader market sentiment, meaning that the risks are rather high now, and that further losses are very likely.
Promising Alternative To Popcat
Popcat finds itself in a delicate situation where all signs point to a bullish surge, but the broader market’s influence is still heavily bearish. This means that the token has the potential to climb, but the timing for a price surge is not yet right. A correction could therefore happen. Those who are unwilling to take that risk still have other options, however, such as Base Dawgz (DAWGZ).
Base Dawgz is a meme coin project that has been in the ICO stage for the past few months, and is now only hours away from concluding its presale. The ICO has been a great success, raising over $3.1 million, while the token’s price remains only $0.008173. However, now that the presale is ending, time is of the essence. It is not too late to buy the new meme coin before its impending listing.
24 hours left of the $DAWGZ presale!
Make sure you get your last minute buys in. We're going places after this! pic.twitter.com/yfb1eymNOt
— Base Dawgz (@BaseDawgz) August 27, 2024
Base Dawgz has brought a lot of hype to the crypto sector thanks to its multi-chain nature, essentially promising DAWGZ holders a way to achieve true interoperability. The token was developed on the Base blockchain, but upon launch, it will go live on multiple other chains simultaneously — Ethereum, Avalanche, Base, Binance Smart Chain, and Solana.
Furthermore, it will allow you to move money between the five supported chains quickly and easily, without using centralized stablecoins, wrapped cryptos, or any other similar solutions. This is possible thanks to Wormhole and Portal Bridge technologies that will let DAWGZ holders unlock the true potential of the five blockchains, and gain access to all of their benefits and opportunities.
Popular crypto YouTuber ClayBro, who has over 130k subscribers, said recently that DAWGZ is a token worth accumulating. Even if you haven’t bought it yet, there is still time to get the meme coin at a good price before it potentially surges post-listing.
Visit DAWGZ’s official website.
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