{"id":605499,"date":"2024-11-29T08:11:34","date_gmt":"2024-11-29T08:11:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=605499"},"modified":"2024-11-29T08:11:34","modified_gmt":"2024-11-29T08:11:34","slug":"popcat-price-prediction-as-popcat-plunges-17-in-a-week-experts-say-consider-this-cat-themed-meme-coin-rival-with-parabolic-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/popcat-price-prediction-as-popcat-plunges-17-in-a-week-experts-say-consider-this-cat-themed-meme-coin-rival-with-parabolic-potential","title":{"rendered":"Popcat Price Prediction: As POPCAT Plunges 17% In A Week, Experts Say Consider This Cat-Themed Meme Coin Rival With Parabolic Potential"},"content":{"rendered":"

The Popcat price plunged 17% in a week and edged up a fraction of a percent in the last 24 hours to trade at $1.313 as of 11:13 p.m. EST on trading volume that plummeted 29% to $102 million.<\/span><\/p>\n

Popcat Price Gearing Up Towards A Bullish Trend Reversal<\/h2>\n

The Popcat price, after surging in the beginning of November, went through a markup phase to hit the $2.0 resistance. However, the price has been on a downtrend, recording lower highs and lower lows, forming a falling channel, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The price of Popcat now seems to be consolidating within the $1.30 range, with $1.21 offering a solid support zone.<\/span><\/p>\n

As a result of the downtrend, the Popcat price is now trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the recent downtrend. Moreover, the 200-day SMA is now crossing over the 50-day SMA, forming a death cross at $1.56. The death cross further supports the significant correction.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at level 48, which suggests neither oversold nor overbought conditions, but the RSI trending near the midline reflects weak momentum in either direction.<\/span><\/p>\n

The MACD line (blue) is slightly above the signal line (orange), but both remain below the zero line. This configuration reflects a weak bullish divergence but within an overall bearish trend. A more significant bullish reversal might require the MACD to cross into positive territory.<\/span><\/p>\n

If a bullish reversal were to occur over the upper boundary of the falling channel, the price of Popcat could push the price of Popcat towards the $1.55 resistance, on the 200-day SMA.<\/span><\/p>\n

\"Popcat
POPCATUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

However, if the bears push the price of Popcat further down, Popcat could plunge to the October support zone around $1.11.<\/span><\/p>\n

Meanwhile, investors are rallying behind<\/span> Catslap ($SLAP)<\/span>, a new Popcat alternative that exploded on launch a week ago on the Ethereum network. Analysts from the renowned YouTube channel 99Bitcoins, with over 709K subscribers, are wondering if it’s the next $MOG and predict it could 100X.<\/span><\/p>\n