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<p>Popcat (POPCAT), the popular Solana-based meme coin is poised for a significant upside rally as its on-chain metrics flash bullish signals near the breakout level. Over the past few days, POPCAT has been making a wave in the cryptocurrency landscape following a substantial price surge of over 40%.</p>  
<h2 class="wp-block-heading" id="h-popcat-price-momentum"><strong>POPCAT Price Momentum</strong></h2>  
<p>At press time, the meme coin is trading near $0.963 and has experienced a price surge of over 16% in the past 24 hours. During the same period, investor and trader participation has skyrocketed. According to CoinMarketCap data, POPCAT’s trading volume has increased by 130% in the last 24 hours.</p>  
<h2 class="wp-block-heading" id="h-popcat-technical-analysis-and-upcoming-levels-nbsp"><strong>POPCAT Technical Analysis and Upcoming Levels&nbsp;</strong></h2>  
<p>According to expert technical analysis, POPCAT appears bullish and is currently facing a strong resistance level of $1. However, this is the third time the meme coin has reached this level. Earlier, when it hit this level, it experienced notable selling pressure, resulting in a 20% price decline.&nbsp;</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/23194724/POPCATUSDT_2024-09-23_19-47-06-1024x448.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/23194724/POPCATUSDT_2024-09-23_19-47-06-1024x448.png" alt="" class="wp-image-354435"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>This time the sentiment has completely changed, and based on the recent performance there is a high possibility that the <a href="https://coinpedia.org/price-prediction/popcat-sol-price-prediction/" rel="noopener noreferrer nofollow">POPCAT price </a>could soar significantly and also make a new high.</p>  
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics"><strong>Bullish On-Chain Metrics</strong></h2>  
<p>This positive outlook for the meme coin is further supported by on-chain metrics. According to the on-chain analytic firm <a href="https://www.coinglass.com/currencies/POPCAT" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>, POPCAT’s Long/Short ratio currently stands at 0.1035, indicating bullish market sentiment among traders.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/23194742/ndndk.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/23194742/ndndk-1024x278.png" alt="" class="wp-image-354437"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>Additionally, its future open interest has increased by 30% in the last 24 hours, and 6.8% in the last four hours. This growing open interest signals a bullish trend for the meme coin.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/23194800/kdnkdk.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/23194800/kdnkdk-1024x347.png" alt="" class="wp-image-354438"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>Traders and investors often use the combination of rising open interest and a long/short ratio above 1, while building long positions. Currently, 51% of top traders hold long positions, while 49% hold short positions.</p>  
<p>The current on-chain data suggests that bulls are currently dominating the asset, and there is a strong possibility it could break the resistance level.&nbsp;</p>

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