bullish

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POPCAT

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<p>The overall cryptocurrency market sentiment is quite unpredictable due to the ongoing volatility ahead of the presidential election. Amid this, Popcat (POPCAT), a popular meme coin is poised for a notable upside rally. This bullish speculation for the meme coin is based on the asset’s bullish price action.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-popcat-technical-analysis-and-upcoming-levels-nbsp"><strong>POPCAT Technical Analysis and Upcoming Levels&nbsp;</strong></h2>  
<p>According to the expert technical analysis, <a href="https://coinpedia.org/price-prediction/popcat-sol-price-prediction/" rel="noopener noreferrer nofollow">POPCAT</a> has been trading within a bullish channel pattern in the four-hour time frame. Following a recent price decline, the meme coin has reached the lower boundary of the channel and has begun moving toward the upper level.</p>  
<p>Apart from this, POPCAT’s four-hour chart shows that the asset has been forming an upper-high and upper-low pattern since the beginning of October 2024, and it is now heading toward forming a higher high.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/10/26201520/POPCATUSDT_2024-10-26_20-15-10.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/26201520/POPCATUSDT_2024-10-26_20-15-10-1024x448.png" alt="" class="wp-image-372866"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Based on the price action and historical momentum, there is a strong possibility that it could soar by 17% to reach the $1.7 level in the coming days.</p>  
<p>Additionally, POPCAT’s Relative Strength Index (RSI) suggests a potential upside rally as it is in an oversold area. Meanwhile, its 200-day Exponential Moving Average (EMA) indicates an uptrend, as the meme coin's price is trading above the 200 EMA.</p>  
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics"><strong>Bullish On-Chain Metrics</strong></h2>  
<p>POPCAT’s bullish outlook is further supported by on-chain metrics. According to the on-chain analytics firm <a href="https://www.coinglass.com/currencies/POPCAT" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>, POPCAT’s Long/Short ratio currently stands at 1.056, indicating a strong bullish sentiment among traders. Meanwhile, the ratio for the past four hours is at 1.15, suggesting that bulls have been strongly dominating during this period.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/10/26201437/image-104-264.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/26201437/image-104-264-1024x277.png" alt="" class="wp-image-372865"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>On the other hand, POPCAT’s open interest has dropped by 2%, indicating a liquidation of traders' positions, likely due to the significant volatility in the past 24 hours.</p>  
<p>Combining these on-chain metrics with the technical analysis, it appears that bulls are currently dominating the asset and may help it reach the speculated targets in the coming days.</p>  
<h3 class="wp-block-heading" id="h-current-price-momentum"><strong>Current Price Momentum</strong></h3>  
<p>At press time, POPCAT is trading near $1.45 and has experienced a price decline of over 3.2% in the past 24 hours. During the same period, its trading volume jumped by 19%, indicating heightened participation from traders and investors compared to previous days.</p>

POPCAT Could Hit $1.7 as On-Chain Data Signals Strength

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