bullish

2024

POPCAT

Coin

<p><strong>POPCAT</strong>, a <a href="https://www.thecoinrepublic.com/price-prediction/solana/">Solana</a>-based memecoin, is ranked among a few performing meme coins. It has pulled back significantly this week. Last week, the memecoin made its all-time high (ATH) mark of $0.9976 and then continued to ride the bearish wave, losing over 31%.</p> 
<p>Notably, the smart traders have booked their profit close to the $1 mark, and the memecoin has switched the track, noting a drop of over 28% this week.</p> 
<p>Interestingly, a rising parallel channel was noted, and the <a href="https://www.thecoinrepublic.com/price-prediction/popcat-sol/">POPCAT </a>price slipped to the edge of its crucial support around $0.6500.&nbsp;</p> 
<p>It has reached the 50-day EMA mark and displayed significant distribution from its ATH. The trend is still positive, but it has deviated from the bullish track to profit booking.</p> 
<p>At press time, the <strong>POPCAT </strong>price traded at $0.673 with an intraday surge of 4.36%, reflecting neutrality on the charts. Its trading volume rose over 25.43% to $101.62 Million.</p> 
<p>The memecoin was ranked at 102 with a market cap of $659.78 Million, and it had a total supply of 979.97 Million.</p> 
<h2 class="wp-block-heading" id="h-popcat-price-turned-back-is-the-dip-buyable"><strong>POPCAT Price Turned Back: Is the Dip Buyable?</strong></h2> 
<p>The Daily Chart of <strong>POPCAT </strong>reflected the <strong>higher high swings, </strong>and it has outperformed in the past few weeks. Despite the selloff across the crypto market, it has grown over 450% in the last three months.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price (POPCAT), Volume (POPCAT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2024-02-02T18%3A29%3A59.753Z&amp;dt=2024-08-02T18%3A29%3A59.753Z&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>Undoubtedly, slight ups and downs are part of the volatility, but the demand was intact, and the memecoin could continue to ride with the bullish wave ahead.</p> 
<p>Once the memecoin retains the 20-day EMA mark, buyers may regain traction and would form a next bullish leg above the $1 mark soon.</p> 
<p>Major indicators like the RSI and MACD showed a setback and plotted a negative crossover on the chart, implying the beginning of a fresh selloff and a significant trend reversal might be possible.</p> 
<p>@Trader Koala tweeted that the $1 mark is imminent and the memecoin could reach the mark soon.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$POPCAT</a><br><br>Doesn't get much cleaner than this<br><br>$1 is programmed <a href="https://t.co/25Z5TF9BAt">pic.twitter.com/25Z5TF9BAt</a></p>— Trader Koala (@trader_koala) <a href="https://twitter.com/trader_koala/status/1819112605954593225?ref_src=twsrc%5Etfw">August 1, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<h2 class="wp-block-heading" id="h-popcat-delivered-volatile-moves-what-s-on-the-cards"><strong>POPCAT Delivered Volatile Moves: What’s On The Cards?</strong></h2> 
<p>Besides the significant uptrend, the memecoin had delivered significant volatile moves and reverted from its peak of $0.9976. The price volatility curve displayed significant fluctuations, noted around -0.51.</p> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (POPCAT), Price Volatility 1d (POPCAT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2024-02-02T18%3A29%3A59.753Z&amp;dt=2024-08-02T18%3A29%3A59.753Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsentiment_volume_consumed_total%3Bpopcat-sol%3BPOPCAT%5D%3B%5B1%3Bprice_volatility_1d%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>The profit booking from the top impacted the sentiment and dropped to the negative region, signifying a change in the investor’s mindset.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-futures-open-interest-data-insights"><strong>Futures Open Interest Data Insights</strong></h2> 
<p>The futures traders continued to make long positions. The Open interest (OI) data noted a rise of over 1.23% to $45.87 Million, displaying a positive stance in the last 24 hours.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="241" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-34-1024x241.png" alt="POPCAT Futures Open Interest " class="wp-image-647091" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-34-1024x241.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-34-300x71.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-34-768x181.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-34-150x35.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-34-696x164.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-34-1068x251.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-34.png 1399w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  POPCAT Futures Open Interest 
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</figure> 
<p>If the channel low of the $0.6600 mark breaches, the selling pressure may increase. The POPCAT memecoin could retest the pivot of $0.6200, followed by the $0.6000 mark shortly.</p> 
<p>On the other hand, if it flips from the 50-day EMA mark, it may bounce toward the resistance mark of $0.7000, followed by the $0.7300 mark soon.</p> 
<p>Still, the short-term trend looked positive, and the memecoin comfortably placed above the 50% Fib cluster. Until the POPCAT price holds the $0.6000 mark, the buy-on-dips, and significant accumulation are intact, and the bullish trend can remain intact.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/04/popcat-price-touched-channels-crucial-support-awaiting-a-bounce/">POPCAT Price Touched Channel’s Crucial Support: Awaiting a Bounce?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

POPCAT Price Touched Channel’s Crucial Support: Awaiting a Bounce?

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