Latest Popcat (SOL) (POPCAT) Price Analysis

By CMC AI
07 December 2025 01:19AM (UTC+0)

Why is POPCAT’s price up today? (07/12/2025)

Key watch: Can POPCAT hold above its 200-day EMA ($0.2646) on rising volume, or will the 61.8% Fibonacci retracement level ($0.13193) act as resistance?

Why is POPCAT’s price down today? (05/12/2025)

TLDR

Popcat (SOL) fell 7.22% in the past 24h amid broader crypto market weakness (-3.04%) and lingering fallout from November’s $25M market manipulation scandal. Key factors:

  1. Manipulation Aftermath – November’s Hyperliquid attack eroded confidence

  2. Technical Breakdown – Price below critical SMAs, RSI signals weakness

  3. Meme Sector Pressure – Solana meme coins face liquidity drain as Bitcoin dominance rises


Deep Dive

1. Manipulation Fallout (Bearish Impact)

Overview:
A November 12 market manipulation event involving BTX Capital triggered $63M liquidations and a 43% single-day crash. While the attack occurred three weeks ago, its psychological impact persists, with POPCAT still down 61% since the incident.

What this means:
- Traders remain wary of low-liquidity assets like POPCAT after Hyperliquid’s protocol absorbed $4.9M in losses
- Repeated manipulation allegations (now under SEC/CFTC scrutiny) deter new capital

What to look out for:
Regulatory actions against BTX Capital or Hyperliquid – decisive penalties could restore confidence.


2. Technical Downtrend (Bearish)

Overview:
POPCAT trades below all key moving averages:
- 7-day SMA: $0.1045 (resistance)
- 30-day SMA: $0.1140 (-16% vs current $0.0977)
- RSI-14: 43.64 (neutral but trending downward)

What this means:
- Bearish momentum confirmed by the death cross (50-day EMA below 200-day EMA)
- Next support at November’s swing low ($0.0843) – a break could trigger panic selling


3. Meme Coin Liquidity Drain (Mixed Impact)

Overview:
Bitcoin dominance hit 58.63% (yearly high), signaling capital rotation away from altcoins. Solana meme coins like POPCAT face double pressure:
- Market-wide risk-off sentiment (Fear & Greed Index: 25/100)
- Spot volume decline – POPCAT’s 24h volume fell 16% to $20.75M

What this means:
- Meme coins typically underperform in “Bitcoin Season” due to speculative nature
- High turnover ratio (0.217) implies thin order books amplify price swings


Conclusion

POPCAT’s decline reflects a toxic mix of sector-wide risk aversion, unresolved manipulation risks, and broken technical support. While oversold conditions could spark a bounce, the lack of fundamental catalysts and persistent regulatory overhang favor caution.

Key watch: Can POPCAT hold $0.0843 (November low)? A breach may accelerate losses toward the 2025 low of $0.0668.

CMC AI can make mistakes. Not financial advice.