{"id":586237,"date":"2024-10-11T12:03:47","date_gmt":"2024-10-11T12:03:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=586237"},"modified":"2024-10-11T12:03:47","modified_gmt":"2024-10-11T12:03:47","slug":"popcat-price-surges-9-but-traders-flock-to-this-vote-to-earn-meme-coin-for-its-3028-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/popcat-price-surges-9-but-traders-flock-to-this-vote-to-earn-meme-coin-for-its-3028-apy","title":{"rendered":"Popcat Price Surges 9%, But Traders Flock To This Vote-To-Earn Meme Coin For Its 3,028% APY"},"content":{"rendered":"

The Popcat price surged 9% in the last 24 hours to trade at $1.31<\/a> as of 3.30 a.m. EST on trading volume that skyrocketed 31% to $138.6 million.<\/p>\n

The popular meme coin has soared 29% in the past week, although its current value is still some way short of its weekly high.<\/p>\n

Popcat Price Prediction<\/h2>\n

The POPCAT price saw a strong surge in the last 24 hours, but it appears its price encountered a barrier that it was unable to breach at this time. After an attempt to climb beyond the value of $1.30, the token’s price was rejected by a resistance, but technical indicators suggest that the market is still bullish.<\/p>\n

As a result, the price might retest the resistance over the next few hours.<\/p>\n

Popcat’s Bollinger bands have seen a sharp narrowing in the last several hours after yesterday’s surge, only to start widening again now, as the new surge pushed the upper band further up. However, after getting slightly beyond the value of $1.30, the rejection sent the price down toward the middle area between the two bands.<\/p>\n

The bulls regained control quickly, however, and the price once again started to rise before reaching the middle point, suggesting that a recovery was starting.<\/p>\n

\"Popcat<\/p>\n

On the other hand, the project’s Relative Strength Index (RSI) shows that the price rejection happened as soon as the RSI value reached the overbought zone at 70. But, after a sharp drop to the neutral area, the bulls started buying again once the RSI dropped to around 58.<\/p>\n

The bullish sentiment is now causing traders to buy the token again, which has caused the RSI to stop its descent and start going up again.<\/p>\n

The big question now is whether the price can return to the value of $1.30, and if so, can it breach it? Unless if this is the start of the next big rally, it might be difficult for POPCAT to go beyond the resistance at this time, although a highly bullish market could help with breaching this level.<\/p>\n

But, since POPCAT is only following Bitcoin’s lead for the time being, it might lack the strength that a positive catalyst of its own would provide. In other words, the project is in a delicate situation where any purchases of its tokens are highly risky right now.<\/p>\n

Promising Alternative To Popcat<\/h2>\n

Traders looking for alternative investment options might consider a new presale called Flockerz (FLOCK),<\/a> which YouTuber ClayBro, with over 130k subscribers, says has ”major potential.”<\/p>\n