bullish

BOOK OF MEME

POPCAT

<p>The Solana memecoin landscape has seen POPCAT surpass BONK to claim the second position by market capitalization. Crypto analyst CryptoCurb shared on X that POPCAT now trails only behind WIF in the Solana memecoin rankings.&nbsp;</p>
<p>The token’s price surge comes amid bullish technical analysis from trader Bluntz, who points to potential parabolic moves ahead. <a href="https://captainaltcoin.com/uniswap-uni-price-skyrockets-as-popcat-price-prepares-for-epic-gains/" target="_blank" rel="noopener noreferrer nofollow">POPCAT’s ascent</a> in the Solana ecosystem marks a shift in the memecoin hierarchy.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$POPCAT</a><a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$POPCAT</a> just flipped <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> and is now the #2 Meme Coin on <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> by MC, behind only <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a>.<br><br>Curious to see how this Top 5 board shapes up by End of Year. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>The Pop Don't Stop.<a href="https://twitter.com/POPCATSOLANA?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@POPCATSOLANA</a> <a href="https://t.co/hjcnoPY3UC" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/hjcnoPY3UC</a></p>— Curb◎ (@CryptoCurb) <a href="https://twitter.com/CryptoCurb/status/1849317160700510250?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 24, 2024</a>
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<p>The token has had substantial gains over the last day and week. These gains have pushed POPCAT past BONK, establishing it as the <a href="https://crypto.news/popcat-hits-all-time-high-flipping-bonk-and-floki/" target="_blank" rel="noopener noreferrer nofollow">second-largest memecoin on Solana</a> by market cap.</p>
<p>CryptoCurb’s market update on X emphasizes the changing dynamics among Solana’s top <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoins" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoins</a>. The trader notes the evolving competition between WIF, POPCAT, and BONK as the year progresses, highlighting the fluid nature of memecoin rankings.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-breakdown-strong"><strong>Technical Analysis Breakdown</strong></h2>
<p>Bluntz’s analysis of POPCAT’s chart shows an Elliott Wave pattern that hints at a possible upward trend. The chart displays a series of 1-2 waves, a structure often associated with bullish momentum.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24popcat&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$popcat</a> about to go parabolic imo, has been insanely strong in the midst of the last few days pullback and looking like a series of 1-2's about to breakout.<br><br>strength during market wide pullbacks usually turns into undeniable outperformance during market wide strength. <a href="https://t.co/LJy54TT1rD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/LJy54TT1rD</a></p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1849208031609069877?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 23, 2024</a>
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<p>According to Elliott Wave Theory, these nested waves suggest that the asset is primed for a strong wave 3 rally, which could lead to a parabolic rise.</p>
<p>The analysis also pointed out a previous bullish wedge (A-B-C), which has already seen a breakout, reinforcing the upward trend. Key support levels for POPCAT are currently around $1.30-$1.35, with the token rebounding from these zones after minor dips.&nbsp;</p>
<p>The immediate resistance is at $1.50-$1.55. After breaching this level, the memecoin has <a href="https://www.coingecko.com/en/coins/popcat" target="_blank" rel="noopener noreferrer nofollow">climbed to $1.56, marking a 12.09% increase</a> in the past day, and a weekly gain of 24.66% according to CoinGecko at press time.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-book-of-meme-bome-price-going-up-today/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is BOOK OF MEME (BOME) Price Going Up Today?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-strength-during-pullbacks-strong"><strong>Market Strength During Pullbacks</strong></h2>
<p>The resilience of POPCAT during broader market pullbacks has been notable. Bluntz emphasized in his tweet that strength during these periods often translates into outperformance during market rallies.&nbsp;</p>
<p>Volume analysis further supports this sentiment, as there have been visible spikes during <a href="https://cryptopotato.com/cat-themed-meme-coins-explode-as-popcat-and-mew-soar-by-double-digits-details/" target="_blank" rel="noopener noreferrer nofollow">upward price movements</a>. This increase in buying activity hints at solid demand, which could fuel sustained price growth.</p>
<p>The Relative Strength Index (RSI) indicator currently reads around 60, suggesting that POPCAT has room to grow before hitting overbought levels. This bullish signal aligns with the projected path outlined by Bluntz, which foresees the asset potentially breaking past $1.70-$1.80, with extensions pushing it toward $2.00 if the trend continues.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/popcat-flips-bonk-on-solana-wheres-the-memecoin-price-headed/" rel="noopener noreferrer nofollow">POPCAT Flips BONK on Solana: Where’s the Memecoin Price Headed?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

POPCAT Flips BONK on Solana: Where’s the Memecoin Price Headed?

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