Rally

2024

Million

POPCAT

Higher

<p><strong>POPCAT</strong>, a <a href="https://www.thecoinrepublic.com/price-prediction/solana/">Solana</a>-based memecoin, was trading in a sustained uptrend and hovered near the blue sky zone. The move highlights positivity among investors.</p> 
<p>Since its launch, the memecoin has been in a solid uptrend, riding the bullish wave. It recorded a surge of more than 4500% till now.</p> 
<p><strong>POPCAT</strong> recently marked its All-Time-High (ATH) mark of $0.995, gaining momentum. However, slight profit booking was noted last week, and the token stays close to the highs.</p> 
<p>The memecoin is poised to ascend. Its next bullish leg could be around the $1 mark. Once it reaches that mark, it could deliver a massive rise and could soar by over 20%.</p> 
<h2 class="wp-block-heading" id="h-popcat-price-action-hints-an-extended-rally-ahead"><strong>POPCAT Price Action Hints an Extended Rally Ahead</strong></h2> 
<p>The daily chart price action shows sustained buying pressure and follow-on buying activity. Higher high swings continued to appear on the bigger timeframe, demonstrating an uptrend.</p> 
<p>Trading above the key moving averages, the downside was capped at $0.7500. The memecoin is set to take off.</p> 
<p>At press time, <strong>POPCAT </strong>was trading at $0.890 with an intraday surge of 16.36%, reflecting bullishness. It has a market cap of $872.47 Million and ranked 90 in terms of market cap.</p> <iframe loading="lazy" title="Santiment Chart: Price (POPCAT), Volume (POPCAT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=blockstack&amp;pt=STX&amp;df=2024-01-26T18%3A29%3A59.415Z&amp;dt=2024-07-26T18%3A29%3A59.415Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bpopcat-sol%3BPOPCAT%5D%3B%5B1%3Bvolume_usd%3Bpopcat-sol%3BPOPCAT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Meanwhile, the absence of a volume spike suggests investors are not comfortable accumulating <strong>POPCAT </strong>at the highs. They were waiting for a significant dip to add further longs.</p> 
<p>The RSI curve sailed in the overbought zone at 60, and a positive crossover was noted. Per the Fib retracement levels, POPCAT stayed above the 61.8% zone and was close to the 78.3% zone near the $0.9200 mark.</p> 
<h2 class="wp-block-heading" id="h-social-dominance-and-weighted-sentiment-data-overview"><strong>Social Dominance and Weighted Sentiment Data Overview</strong></h2> 
<p>This week, the social dominance data noted a sharp reversal and a drop of over 22%, revealing a dynamic change. Amidst the price consolidation at the highs, speculative interest significantly declined.</p> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (POPCAT), Social Dominance (POPCAT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=blockstack&amp;pt=STX&amp;df=2024-01-26T18%3A29%3A59.415Z&amp;dt=2024-07-26T18%3A29%3A59.415Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsentiment_volume_consumed_total%3Bpopcat-sol%3BPOPCAT%5D%3B%5B1%3Bsocial_dominance_total%3Bpopcat-sol%3BPOPCAT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Likewise, the weighted sentiment data observed a decline and dragged below the zero line, noted at -0.762. This negative reading implied a change in sentiments, and investors looked in a dilemma.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$POPCAT</a>, higher!!! <a href="https://t.co/MZYBXC6HPo">https://t.co/MZYBXC6HPo</a> <a href="https://t.co/HELATnW8eQ">pic.twitter.com/HELATnW8eQ</a></p>— VΣGΣƬΛ (@VegetaCrypto1) <a href="https://twitter.com/VegetaCrypto1/status/1816722530541195583?ref_src=twsrc%5Etfw">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-futures-open-interest-at-three-months-high"><strong>Futures Open Interest at Three Months High</strong></h2> 
<p>Following the impressive price rise, the traders have continued to bet on the long side and made significant positions. This led to a significantly higher rise in the OI data.</p> 
<p>Notably, it has reached a three-month high; a rise of over 21.89% to $61.59 Million was noted in the last 24 hours.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="240" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-134-1024x240.png" alt="POPCAT Open Interest Data | Source: Coinglass" class="wp-image-626175" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-134-1024x240.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-134-300x70.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-134-768x180.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-134-150x35.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-134-696x163.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-134-1068x251.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-134.png 1402w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  POPCAT Open Interest Data | Source: Coinglass
 </figcaption>
</figure> 
<p>If <strong>POPCAT </strong>dips and retests the 20-day EMA mark, it may take support around $0.8200&nbsp; and $0.7500. But, if it crosses the $0.9000 mark, it may reach the upside zone of $0.9300, followed by $0.9800.</p> 
<h3 class="wp-block-heading" id="h-is-popcat-set-to-reach-the-1-mark"><strong>Is POPCAT Set to Reach the $1 Mark?</strong></h3> 
<p><strong>POPCAT </strong>stayed beyond the key moving averages and decisively held gains in the blue sky zone. Its technicals look robust, and the memecoin is set to outperform.</p> 
<p>Once it crosses its previous ATH mark of $0.995, the next bullish leg will be beyond the $1 mark. Additionally, a massive bull rally can be seen ahead.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/26/popcat-trades-near-ath-key-metrics-suggest-potential-upmove-ahead/">POPCAT Trades Near ATH: Key Metrics Suggest Potential Upmove Ahead</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

POPCAT Trades Near ATH: Key Metrics Suggest Potential Upmove Ahead

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Thecoinrepublic.com

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