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The popular Solana-based meme coin, Popcat (POPCAT), is poised for significant upside momentum due to the formation of a bullish price action pattern on the daily time frame. Since the beginning of the new year, the overall <a href="https://markets.coinpedia.org/" target="_blank" rel="noreferrer noopener">cryptocurrency market</a> appears to be recovering, including Bitcoin (BTC), Ethereum (ETH), and XRP.   
Amid this potential market rebound, <a href="https://coinpedia.org/price-prediction/popcat-sol-price-prediction/" target="_blank" rel="noreferrer noopener">POPCAT has soared by more than 10%</a> in the past 24 hours and is currently trading near $0.84. This notable price surge has contributed to a bullish setup for the meme coin.   
<h2 class="wp-block-heading" id="h-popcat-technical-analysis-and-upcoming-levels">POPCAT Technical Analysis and Upcoming Levels</h2>   
According to expert technical analysis, POPCAT has recently broken out of a prolonged consolidation zone and closed a daily candle above that level, confirming the successful breakout.   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2025/01/03105134/POPCAT-Technical-Analysis-and-Upcoming-Levels-1024x544.webp" alt="" class="wp-image-400933">
 <figcaption class="wp-element-caption">
 Source: Trading View
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</figure>   
Based on the recent price action, following this breakout, there is a strong possibility that the meme coin could soar by 25% to reach the $1.10 mark in the near future.   [post_titles_links postid="400841"]   
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics-nbsp">Bullish On-Chain Metrics&nbsp;</h2>   
This breakout has attracted significant attention from traders and investors over the past 24 hours, resulting in a 25% increase in trading volume and an 18% rise in POPCAT’s open interest. This highlights the growing interest from traders and investors as they seek to capitalize on the consolidation breakout, according to on-chain analytics firm Coinglass.   
Data from POPCAT's spot inflow/outflow reveals that exchanges have experienced an outflow of a significant $1.7 million worth of POPCAT. This indicates that long-term holders have withdrawn these notable meme coins following the breakout, suggesting potential upside momentum and increased buying pressure.   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2025/01/03105204/Bullish-On-Chain-Metrics-1024x302.webp" alt="" class="wp-image-400934">
 <figcaption class="wp-element-caption">
 Source: Coinglass
 </figcaption>
</figure>   
At press time, the major liquidation levels are at $0.826 on the lower side and $0.908 on the upper side, with traders over-leveraged at these levels, according to Coinglass data.   
If the market sentiment remains unchanged and the price rises to the $0.908 level, nearly $5.52 million worth of short positions will be liquidated. Conversely, if the sentiment shifts and price drops to the $0.826 level, nearly $4.42 million worth of long positions will be liquidated.&nbsp;   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]

POPCAT Breaks Out! Meme Coin Eyes 25% Surge to $1.10

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