Dogecoin

bullish

POPCAT

Coin

<p>The POPCAT price pumped 50% this week despite <a href="https://captainaltcoin.com/why-is-the-crypto-market-crashing-today-2/" target="_blank" rel="noopener noreferrer nofollow">a sluggish period for the crypto market</a>. This means that POPCAT’s market cap is now well above $1.3 billion.</p>
<p>Crypto veteran Andrew King weighed in on the situation around POPCAT, sharing his insights on the recent price action and market trends.</p>
<p>King’s analysis of the POPCAT/USDT pair on a daily timeframe reveals some interesting developments. At the time of his tweet, POPCAT was trading at $1.2438, marking a 7.07% increase for the day. This represented a significant bullish move from the previous day’s close of around $1.1617. Since then, POPCAT has continued its upward trajectory and is now trading around $1.39, further emphasizing the strong bullish sentiment.</p>
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   <p lang="en" dir="ltr">It seems as if <a href="https://twitter.com/MustStopMurad?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@MustStopMurad</a>'s talk at Token2049 has catalyzed the next wave of capital reallocation into memecoins<br><br>Popcat seems to be one of the beneficiaries of these capital flows – now in price discovery<br><br>Setting up to join the 4 greats of this cycle – BONK, WIF, PEPE,… <a href="https://t.co/MLap3FwbZ9" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/MLap3FwbZ9</a></p>— Andrew Kang (@Rewkang) <a href="https://twitter.com/Rewkang/status/1842565172327809097?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 5, 2024</a>
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<p>The chart shows POPCAT in a strong uptrend since late September, with a series of higher highs and higher lows. The momentum has picked up noticeably in early October, suggesting increased buying pressure.</p>
<p>The previous high around $1.3000 appeared to be the immediate resistance for POPCAT, which has now been decisively broken. With the price currently around $1.39, POPCAT has entered new territory, confirming King’s prediction of “price discovery.”</p>
<p>On the support side, the area between $1.10 and $1.16 served as a previous consolidation zone, forming a key support level. The recent $1.30 resistance may now act as a new support level. Below that, the $1.00 mark will likely act as a psychological support, as round numbers often do in crypto markets.</p>
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<p>The concept of price discovery is particularly important here. As POPCAT breaks above its historical highs, it enters uncharted territory. This makes it challenging to predict future movements without considering psychological levels like $1.50 or $2.00.</p>
<p>King’s tweet also sheds light on the potential catalysts behind POPCAT’s surge. He mentions that <a href="https://www.youtube.com/watch?v=6nqzwdGxTGc" target="_blank" rel="noopener noreferrer nofollow">Murad’s talk at Token2049</a> has sparked renewed interest in meme coins, potentially explaining the sudden influx of capital into POPCAT. The token is being compared to other popular <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins like BONK, WIF, PEPE, and FLOKI, positioning it as a potential “next big thing” in the meme coin sector.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/this-dogecoin-chart-pattern-suggests-doge-price-could-hit-1-heres-why/" target="_blank" rel="noopener noreferrer nofollow">This Dogecoin Chart Pattern Suggests DOGE Price Could Hit $1 – Here’s Why</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/popcat-price-explodes-50-is-it-the-next-meme-coin-sensation/" rel="noopener noreferrer nofollow">POPCAT Price Explodes 50% – Is It the Next Meme Coin Sensation?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

POPCAT Price Explodes 50% – Is It the Next Meme Coin Sensation?

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