bullish

2024

Rise

POPCAT

Coin

<p>Popcat price (<a href="https://www.thecoinrepublic.com/price-prediction/popcat-sol/">POPCAT</a>) recorded a double bottom pattern breakout, soaring over 100% last week. Volume displayed a similar jump, indicating strong investor optimism.</p> 
<p>The token extended last week’s higher high pattern into this week, it could rise nearly 40% over the next seven days. With a 20% retracement over the last five sessions, POPCAT price reached the 20 day EMA support zone. However, the volume change during this retracement was insignificant, indicating that it’s a weak fall.</p> 
<p>Yesterday, OKX announced the listing of perpetual futures for <strong>POPCAT crypto</strong>. This news will improve investor confidence and could extend the bullish rally.</p> 
<h2 class="wp-block-heading" id="h-popcat-price-primed-for-surge-to-the-0-8000-mark"><strong>POPCAT Price Primed For Surge to the $0.8000 Mark</strong></h2> 
<p>After last week’s price surge of over 100%, which was supported by strong buying volume, investors are eyeing the $0.8000 mark. With the volume surge of over 230% last week, investors have added fresh longs. 0.8000 is well within POPCAT’s reach.</p> 
<p>Currently, <strong>POPCAT </strong>price is at $0.6299 with an intraday drop of over 9.20%, indicating profit-booking. While the trading volume surged only by 5% to $126.60 Million.</p> 
<p>A 5% surge is relatively insignificant, thus, this week’s 20% retracement is unlikely to dent the overall bullish trend. Today, the <strong>POPCAT</strong> price retested the 20-day EMA mark and inched closer to the upward trendline support zone of $0.6100. The token could lap up gains in the rising channel and consolidate the bullish trend.</p> 
<p>During the second week of August, a double bottom pattern was confirmed near the demand zone of $0.3700 , and POPCAT crypto surged over 80% from that level.</p> 
<p>Its Daily RSI curve is still above the midline region, at 54, though it got a slight push from the top, highlighting weak bearish pressure.</p>    
<p><a href="https://www.tradingview.com/chart/POPCATUSDT/rwU8G3Yl-POPCAT-Crypto/">POPCAT Crypto</a> by <a href="https://www.tradingview.com/u/TheCoinRepublic/">TheCoinRepublic</a> on <a href="https://www.tradingview.com/">TradingView.com</a></p>  
<p>POPCAT Price Chart Source: Santiment</p> 
<p>Technical indicators suggest that the higher tops and higher bottoms could extend and the memecoin may revisit its 50% Fib level $0.8000 mark in the coming sessions. Crypto Analyst @AltcoinSherpa highlighted that POPCAT price revisited its strong support zone of $0.6100 and may continue the rise.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$POPCAT</a> still looks pretty strong for now, great S/R retest. If it guns for the highs again, this will be the leading category for memes and also CAT beta <a href="https://t.co/JWv8xxuuBV">pic.twitter.com/JWv8xxuuBV</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1829180436410753528?ref_src=twsrc%5Etfw">August 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p><strong>Tweet by AltcoinSherpa &nbsp; Source:X</strong></p> 
<h2 class="wp-block-heading" id="h-weighted-sentiment-data-confirms-positive-outlook">Weighted Sentiment Data Confirms Positive Outlook</h2> 
<p>Along with the price surge, weighted sentiment data supported the positive price action outlook, as it stayed above the zero line.</p> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (POPCAT), Social Dominance (POPCAT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=popcat-sol&amp;pt=POPCAT&amp;df=2024-03-01T18%3A29%3A59.337Z&amp;dt=2024-08-30T18%3A29%3A59.337Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_volume_consumed_total%3Bsocial_dominance_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws={" interval"%3a"1d"}%3b{"interval"%3a"1d"}" scrolling="no"></iframe> 
<p>Weighthed Sentiment Data Source: Santiment</p> 
<p>However, the social dominance data saw a decremental move, as the curve fell below the midine to 0.207.</p> 
<p>Futures Open Interest (OI) shed over 9.89% to $51.56 Million, reflecting a long unwinding move in the last 24 hours.</p> 
<p>If the token bounces from the 20-day EMA, it may form another higher high and approach the resistance mark of $0.6500, followed by $0.7000. On the other hand, if the token fails to settle near the $0.6100 mark, an immediate fall to $0.5800, followed by $0.5500, is likely.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/30/popcat-price-popcat-could-rise-40-amid-okx-perpetual-futures-listing/">Popcat Price (POPCAT) Could Rise 40% Amid OKX Perpetual Futures Listing</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Popcat Price (POPCAT) Could Rise 40% Amid OKX Perpetual Futures Listing

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