Popcat Price Pumps 5%, But Investors Are Flocking To This Base Meme Coin Rival With Time Running Out

The Popcat price pumped over 5% in the last 24 hours to trade at $0.7621 as of 7:03 a.m. EST as investors identify the meme coin’s current level as a buy opportunity.

With this recent gain, the POPCAT price is up more than 95% on the weekly timeframe. However, its monthly performance is still 13% in the red.

The Popcat Price Enters A Period Of Sideways Trading

4-hour chart for POPCAT/USD (Source: GeckoTerminal)

The Popcat price has been in a short-term consolidation between $0.6951 and $0.7759 over the past 48 hours. This period of sideways trading could be the build up to a strong move. Should POPCAT start to climb in the short term, the meme coin might attempt to flip the resistance level at $0.7759 into support. Thereafter, the crypto could rise to as high as $0.8609 in the short term.

On the other hand, traders deciding to dump POPCAT in the coming couple of days could lead to the crypto losing the immediate support level at $0.6951. Falling below this technical safety net might then expose the Popcat price to the risk of dropping to $0.6058 in the short term.

Technicals Suggest The Popcat Price Could Drop Soon

From a technical perspective, indicators on POPCAT’s 4-hour chart suggest the meme coin’s price might fall in the coming 24 hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bearish signs.

Over the past 24 hours, the MACD line crossed below the MACD Signal line. Traders usually see this technical event as an indication that a crypto has entered a short-term negative trend. What’s more, the gap between the two lines keeps growing. This might be a sign of POPCAT’s bearish momentum intensifying.

RSI readings have dropped from 73 to 62 throughout the past day of trading. Although the current RSI reading is bullishly above 50, the negative slope of the RSI line warns that the indicator could drop below the 50 benchmark soon.

While the Popcat price loses its technical strength, investors are rushing to buy Base meme coin rival Base Dawgz (DAWGZ) as its presale approaches its end.

Connecting Base To Some Of The Biggest Networks In The Crypto Space

Base Dawgz (DAWGZ) is a new meme coin project that calls the layer-2 Base blockchain its home. To set itself apart from its competitors, the project aims to achieve a level of interoperability much higher than any other meme coins. 

Powered by Wormhole and Portal Bridge technology, DAWGZ holders can seamlessly transact on some of the most liquid and active networks in the Web3 space. These blockchains include Avalanche, Binance Smart Chain, Ethereum and Solana. 

DAWGZ’s multi-chain presence means that investors can take part in yield-generating opportunities as soon as they appear, even if they are not within the Base ecosystem.

Several analysts and experts are bullish on Base Dawgz. Renowned crypto YouTuber ClayBro said in a recent video that DAWGZ is a top meme coin to accumulate during its ongoing ICO phase.

Investors Bet Big On DAWGZ’s Future

Investors have poured more than $3 million into DAWGZ’s ongoing presale, signaling strong confidence in the project’s future. A potential reason behind this heightened interest in the new meme coin could be the 782% APY on offer to anyone who purchases and stakes DAWGZ at this early stage.

We reached 3 million, DAWGZ!!!

And we are going to end the presale soon. More details to follow soon 🪂 pic.twitter.com/1frFvcX6HV

— Base Dawgz (@BaseDawgz) August 24, 2024

To get in on these high passive rewards, investors can acquire the token using the simple buy widget embedded on the project’s website. Thereafter, the tokens need to be locked up via the staking page to gain access to the staking rewards.

DAWGZ is currently selling for $0.008173, and can be bought using either BASE, SOL, AVAX, ETH or BNB given the project’s multi-chain presence.

Investors will want to act fast, because the project’s ICO will be ending in 2 days.

Purchase and stake DAWGZ for the 782% APY here before its ICO ends.

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