Solana

when

POPCAT

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>POPCAT has indicated a deviation from the expected bullish trajectory.&nbsp;</a></li>
 <li><span>2</span> <a>Major indicators like RSI, MACD, and EMA portray bearish gestures regarding the POPCAT price.</a></li>
</ul>
<p>In the fast and rapidly expanding realm of crypto assets and blockchain technology with distinct appeals, meme coins have appeared as one of the unique trends. One that is gaining attention in the crypto space is the <strong>Popcat </strong>meme coin.</p>
<p>It first originated over the internet in October 2020, drawing attention to two images of a cat named ‘Oatmeal.’ The photos included one with the cat’s mouth closed and the other with its mouth open.</p>
<h2 class="wp-block-heading" id="strong-popcat-statistics-strong"><strong>POPCAT Statistics!</strong></h2>
<p>It found its way into the crypto realm via the Solana blockchain, turning into a meme coin. POPCAT is ranked 246th on CoinMarketCap, and as of June 18th, it faced an intraday loss of 12.27 % when its price traded at $0.2416.</p>
<p>Meanwhile, <a href="https://www.thecoinrepublic.com/2024/02/15/popcat-crypto-stalls-near-lows-a-trend-reversal-or-continuation/" target="_blank" rel="noopener noreferrer nofollow"><strong>POPCAT </strong>crypto</a> plummeted by 14.15% in market value and surged by 12.17% in trading volume in the last 24 hours, as per CoinMarketCap. Its market value is $237.638 Million, and its trading volume is $36.497 Million. There are 979.9 Million POPCAT in circulation, and the Volume to a market cap of the last 24 hours signifies moderate liquidity in its market, as the percentage shows 15.47%.</p>
<p>As per <strong>Coingecko</strong>, the ATH price that was recorded on May 4th, 2024, was at $0.7169, where the recently traded price looks 65.65% lower than the all-time high price. Moreover, the ATL price that was recorded on Jan 5th was at $0.003797, where the recently traded price looks 6384% higher than the all-time low price.</p>
<h3 class="wp-block-heading" id="strong-what-does-the-total-liquidations-chart-show-strong"><strong>What Does the Total Liquidations Chart Show?</strong></h3>
<p>According to Coinglass, open interest for POPCAT (POPCAT) is $15.61 Million, down by 19.25% from the previous session.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="271" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-205-1024x271.png" alt="POPCAT" class="wp-image-208990" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-205-1024x271.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-205-300x80.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-205-768x204.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-205-1536x407.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-205-750x199.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-205-1140x302.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-205.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">POPCAT Futures Open Interest | By Coinglass</p>
<p>The 24-hour long/short ratio is 0.9516, meaning there are more long positions than short positions. The total number of long positions opened in the last 24 hours is $35.01 K, and short positions are $3.97K.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="274" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-206-1024x274.png" alt="POPCAT" class="wp-image-208991" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-206-1024x274.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-206-300x80.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-206-768x205.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-206-1536x411.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-206-750x201.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-206-1140x305.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-206.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">POPCAT Total Liquidation Chart | By Coinglass</p>
<p>These metrics highlight that <strong>POPCAT </strong>token looks weak with bearishness rising, and the recent contracts with the price degradation are confirmed with these metrics. Liquidation on the long side is more significant, predicting the price to decline more.</p>
<h3 class="wp-block-heading" id="strong-what-does-popcat-price-structure-highlight-on-the-daily-chart-strong"><strong>What Does POPCAT Price Structure Highlight on the Daily Chart?</strong></h3>
<p>A tweet from <strong>Solana Plays </strong>profile on platform X showcased a chart suggesting a bullish trend for the daily chart, with the potential to push the price to the $1 mark.&nbsp;</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24popcat&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$popcat</a> to $1 is programmed <a href="https://t.co/49KfiEtLWx" rel="noopener noreferrer nofollow">pic.twitter.com/49KfiEtLWx</a></p>— Solana Plays (@SolanaPlays) <a href="https://twitter.com/SolanaPlays/status/1802410239855071577?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 16, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p>Despite this, the price dropped over 55% within 15 days, indicating a deviation from the expected bullish trajectory.&nbsp;</p>
<p>However, the price has demonstrated bearishness with an a 55%+ dip; it seems like the price is failing to follow the anticipated bullish pattern by tweet. Sliding below $0.2000 could trigger another fall in POPCAT, but if the price follows the bullish path, then it could lead to $1.</p>
<p>From a technical standpoint, the 50-day EMA is exerting downward pressure on the price, and the MACD confirms a bearish outlook with a negative cross and a histogram value of -0.0122. The RSI, at 36.10, is verging on the oversold territory.&nbsp;</p> 
<p><a href="https://in.tradingview.com/chart/POPCATUSDT/XkyVaZXe-it-could-precipitate-a-further-decrease/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>Should the price rebound and ascend, it may target $0.4000 and $0.5500. However, if the bullish momentum fails to materialize, the price might retreat to support levels at $0.1500 and $0.1000.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p><strong>POPCAT </strong>price action highlights the bearish sentiments and perspectives regarding the crypto asset in the daily time frame. The POPCAT price action highlights an uncertain to bearish view at the time of publishing, as it recently slumped from a pivotal supply level, Analysts are hoping for a surge soon. So, one must wait for the price to break above the symmetrical triangle pattern which would attract more buyers.</p>
<p>Moreover, the technical parameters of the POPCAT price suggest the continuation of the downtrend, reliant on the sellers’ surge, over the daily time frame chart. Major indicators like RSI, MACD, and EMA portray bearish gestures regarding POPCAT price.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

POPCAT Price Looks Weak, But Analysts Are Optimistic, What’s Next?

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