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<p>The post <a href="https://coinpedia.org/price-analysis/popcat-price-retests-breakout-level-bull-run-incoming/" rel="noopener noreferrer nofollow">POPCAT Price Retests Breakout Level, Bull Run Incoming?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>A popular Solana-based meme coin, Popcat (POPCAT) has experienced a significant 65% upside rally following its listing announcement on Binance. Amid this rally, it recently witnessed a breakout of a bullish double-bottom price action pattern and is currently retesting its breakout level that hints potential upside rally ahead.</p>
<h2 class="wp-block-heading" id="h-popcat-price-prediction">POPCAT Price Prediction&nbsp;</h2>
<p>According to expert technical analysis, <a href="https://coinpedia.org/news/popcat-listing-on-binance-whale-buys-10-million-tokens/" rel="noopener noreferrer nofollow">POPCAT</a> looks bullish as it has experienced a strong breakout of double bottom price action pattern. Based on the historical price momentum, whenever an asset breaks out any bullish price action pattern it always tends to experience a significant upside rally.</p>
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/08/25001734/POPCATUSDT_2024-08-25_00-17-03.png" rel="noopener noreferrer nofollow"><img decoding="async" width="1024" height="448" src="https://image.coinpedia.org/wp-content/uploads/2024/08/25001734/POPCATUSDT_2024-08-25_00-17-03-1024x448.png" alt="" class="wp-image-342491" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/25001734/POPCATUSDT_2024-08-25_00-17-03-1024x448.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/25001734/POPCATUSDT_2024-08-25_00-17-03-300x131.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/25001734/POPCATUSDT_2024-08-25_00-17-03-768x336.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/25001734/POPCATUSDT_2024-08-25_00-17-03-1536x672.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/25001734/POPCATUSDT_2024-08-25_00-17-03-150x66.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/25001734/POPCATUSDT_2024-08-25_00-17-03.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>
<p>However, the experts suggest that the current price retest is a bullish sign and could propel POPCAT to skyrocket in the coming days. There is a high possibility, it could surge by 35% to the $1 or even higher level.</p>
<h2 class="wp-block-heading" id="h-rising-open-interest-and-price-analysis">Rising Open Interest and Price Analysis</h2>
<p>With this bullish breakout, POPCAT’s open interest (OI) has skyrocketed by 22% in the last 24 hours, according to the on-chain analytic firm CoinGlass. This rise of OI suggests growing interest from traders and investors potentially due to the bullish breakout.&nbsp;&nbsp;</p>
<p>At press time, POPCAT is trading near $0.752 and has experienced a price surge of over 10% in the last 24 hours. Meanwhile, its trading volume has increased by 8% during the same period, indicating higher participation due to the recent breakout.</p>
<h2 class="wp-block-heading" id="h-major-liquidation-level"><strong>Major Liquidation level</strong></h2>
<p>As of now, the major liquidation levels are near $0.707 on the lower side and $0.8 level on the upper side, as traders are over-leverage at these levels, according to the on-chain analytic firm CoinGlass.</p>
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/08/25002004/vjrn.png" rel="noopener noreferrer nofollow"><img decoding="async" width="1024" height="427" src="https://image.coinpedia.org/wp-content/uploads/2024/08/25002004/vjrn-1024x427.png" alt="" class="wp-image-342492" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/25002004/vjrn-1024x427.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/25002004/vjrn-300x125.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/25002004/vjrn-768x320.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/25002004/vjrn-150x63.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/25002004/vjrn.png 1467w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption class="wp-element-caption">
  Source: CoinGlass
 </figcaption>
</figure>
<p>If the sentiment remains bullish and the price rises to $0.8 level, nearly $1.15 million worth of short positions will be liquidated. Conversely, if the sentiment shifts a price falls to the $0.707 level, nearly $2.43 million worth of long positions will be liquidated.</p>
<p>This data shows that bulls currently taking control of the upward rally, while bears look exhausted.</p>

POPCAT Price Retests Breakout Level, Bull Run Incoming?

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