Cardano

2024

Solana

Bonk

<p class="is-style-lead">Popcat, the third-largest Solana meme coin, has been left behind in the ongoing crypto bull run, with a potential risk of a bearish breakout.</p> 
<p>Popcat (<a rel="" href="https://crypto.news/price/popcat/">POPCAT</a>) retreated to $1.43 on Tuesday, Nov. 12, down 18% from its highest level this year.</p> 
<p>While Popcat has risen by just 14% over the past seven days, Dogecoin (<a rel="" href="https://crypto.news/price/dogecoin/">DOGE</a>) has surged 128% in the same period, and tokens like Shiba Inu, Pepe, Dogwifhat, and Bonk have all jumped by over 40%. These tokens rallied following Donald Trump’s election win, which raised hopes for friendlier regulations in the U.S.</p> 
<p>A possible reason for Popcat’s underperformance is investor rotation into other coins. Despite this, Popcat remains one of the best-performing cryptocurrencies of the year, having surged over 250,000% from its lowest level.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/popcat-price-prediction/"> Popcat price prediction for 2024 and beyond </a> </p> 
<p>Some analysts see potential upside for Popcat in the near term. In a post on X, popular analyst Professor Astrones, who has over 187,000 followers, suggested the coin could reach between $10 and $20.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$POPCAT</a><br><br>This one will still pump <br><br>The <a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$POPCAT</a> top will be between 10$ – 20$ <a rel="nofollow" href="https://t.co/Rn2YFWITmY" target="_blank">pic.twitter.com/Rn2YFWITmY</a></p>— ProfessorAstrones (@Astrones2) <a href="https://twitter.com/Astrones2/status/1856254827606478900?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="popcat-price-may-be-at-risk-of-a-big-dive">Popcat price may be at risk of a big dive</h2> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="568" src="https://crypto.news/app/uploads/2024/11/Popcat-Price-1024x568.png" alt="Popcat price forms a risky pattern, pointing to a 25% dive - 19" class="wp-image-14309959">
 <figcaption class="wp-element-caption">
  Popcat price chart | Source: <a rel="" href="https://crypto.news/price/popcat/">crypto.news</a>
 </figcaption>
</figure>  
<p>Popcat’s token price has performed well this year, reaching a record high of $1.8132. It flipped the key resistance level at $1 on Oct. 4, signaling bullish control.</p> 
<p>Popcat remains above its 50-day and 100-day Exponential Moving Averages, which is generally a bullish sign. However, it has formed a double-top pattern at $1.7268 with a neckline at $1.1810, one of the most common bearish reversal signals in the market.</p> 
<p>Additionally, it is in the process of forming a bearish engulfing candlestick pattern, indicating potential for a downward trend. If this bearish pattern holds, Popcat could fall to the neckline at $1.18, approximately 21% below the current level. A drop below this neckline could lead to further downside toward $1.</p> 
<p>On the other hand, a move above the double-top level of $1.7270 would suggest potential gains, possibly up to the resistance level at $2.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/ethereum-foundation-offloads-100-eth-for-334k-dai-in-latest-purchase/"> Cardano whales pump $1.4m into this viral altcoin as SUI breaks $3 milestone </a> </p>

Popcat price forms a risky pattern, pointing to a 25% dive

Table of Contents

crypto.news

Other articles published on Nov 12, 2024

GIGA Token Holder Loses $6.09M in Phishing Scam

Ripple’s Secret Weapon: Is XRP Ready for a Breakout?

Bitcoin (BTC) Price Prediction for November 12

Trump’s Support Boosts Bitcoin Prices

MicroStrategy’s Bitcoin investment return stood at 26.4% by November 10, 2024, surpassing other f...

Chinese Microchip Company Starts Accepting Bitcoin Payments

Join our free newsletter for daily crypto updates!