{"id":560794,"date":"2024-08-05T15:17:59","date_gmt":"2024-08-05T15:17:59","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/auto-draft\/"},"modified":"2024-08-05T13:38:37","modified_gmt":"2024-08-05T13:38:37","slug":"popcat-price-prediction-popcat-tops-meme-coin-losers-with-38-slump-but-this-pepe-derivative-rockets-past-7-3-million-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/popcat-price-prediction-popcat-tops-meme-coin-losers-with-38-slump-but-this-pepe-derivative-rockets-past-7-3-million-in-presale","title":{"rendered":"Popcat Price Prediction: POPCAT Tops Meme Coin Losers With 38% Slump, But This Pepe Derivative Rockets Past $7.3 Million In Presale"},"content":{"rendered":"

The Popcat price has slumped 39% in the last 24 hours <\/span>to trade at $0.2845<\/span><\/a> as of 7:20 a.m. EST on an 11% plunge in trading volume to $74 million.<\/span><\/p>\n

The steep plunge made POPCAT the biggest loser among major meme coins by market capitalization, with Ponke and Mog Coin in second and third place, respectively.<\/span><\/p>\n

Popcat Price Analysis: Bears Break Below The Bearish Channel<\/span><\/h2>\n

Popcat continues its downward trend, falling from the $1.0392 resistance level. The struggle for price control has also led to the formation of the bearish channel, which supports further bearish moves.<\/span><\/p>\n

The bearish momentum has also pushed the price below the bearish channel. Despite the decline, the bulls are showing resilience, driving the price up to $0.4828, indicating ongoing upward movement.<\/span><\/p>\n

\"Popcat<\/p>\n

POPCATUSD Analysis (Source: Dextools.io)<\/span><\/p>\n

The daily technical indicators paint a bullish picture for POPCAT. The price trades above the 50-day simple moving averages, suggesting a potential upward course and reinforcing positive market sentiment. <\/span><\/p>\n

The MACD is also bullish below the neutral level line. The blue average line is also above the orange signal line. The green histogram bars also appear positive above the neutral line, indicating growing investor interest.<\/span><\/p>\n

Additionally, the Relative Strength Index (RSI) has rebounded below the 50 midline level to 62, indicating strong buying pressure for Popcat.<\/span><\/p>\n

Popcat Price Prediction: Is A Rebound Within Reach?<\/span><\/h2>\n

The bulls are poised to regain momentum, with signals from the RSI and the MACD  indicating a possible rebound. This could help the bulls push the price up to the previous resistance level of $0.7254. If this upward movement unfolds, it could propel the price to the significant milestone of $1, marking a notable recovery in its market value.<\/span><\/p>\n

However, if POPCAT struggles to surpass this key resistance, it could face a downturn. In that scenario, the $0.2289 level would become a crucial support point to cut the bulls.<\/span><\/p>\n

A Promising Alternative: Could This Layer 2 Meme Coin Explode?<\/h2>\n

Given the uncertainty and volatility surrounding the outlook for the Popcat price, investors might consider diversifying into the layer 2 token Pepe Unchained ($PEPU).<\/a><\/p>\n

It’s one of the year’s top-performing ICOs and because it’s still in presale it’s immune to the meme coin selloff that’s currently battering the sector.<\/p>\n

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Another incredible milestone! We've raised $7M! 🎉🐸<\/p>\n

The biggest advancement in meme coin tech is coming soon! pic.twitter.com\/BkgRrpkQ8t<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) August 3, 2024<\/a><\/p><\/blockquote>\n