Popcat Price Prediction: POPCAT Is Biggest Loser In Cryptocurrency Market Dip As Experts Say This New Cat-Themed Meme Coin Might 100X
Release: 2024/12/10 17:39 Reading: 223
Popcat Plunges Amidst Meme Coin Sell-Off
Popcat's price has experienced a significant decline of 24% in the past 24 hours, trading at $1.1319 as of 11:15 p.m. EST. This substantial drop coincides with a surge in trading volume, which increased by 135% to $271 million.
POPCAT stands out as the most severely impacted coin in the recent cryptocurrency market downturn, which has seen the meme coin sector's market capitalization drop by 15% to $127.7 billion.
Overtaken by Mog Coin
Popcat's token has also been supplanted by Mog Coin as the leading cat-themed cryptocurrency in terms of market capitalization. According to CoinGecko, Mog's market cap has reached $1.38 billion, while Popcat has fallen to $1.1 billion.
Bearish Trend Prevails
Popcat's price has exhibited a bearish trend, characterized by declining peaks and troughs, particularly in recent candles. The sharp decline in the latest price action suggests strong downward momentum.
A possible rounding top pattern, a bearish reversal signal, is also evident on the chart. This is reinforced by the sharp price drop following the completion of the curve. Data from GeckoTerminal indicates that a breakdown has occurred, with the price trading below crucial support levels near $1.20.
Technical Indicators Confirm Bearishness
The significant drop from $1.58 has resulted in Popcat's price falling below both its 50-day and 200-day Simple Moving Averages (SMAs). The 50-day SMA crossed below the 200-day SMA, forming a "death cross" around the $1.56 level, further solidifying the overall bearish momentum.
Furthermore, the Relative Strength Index (RSI) stands at 28.32, significantly below the oversold threshold of 30. This indicates that the asset is in oversold territory and faces substantial selling pressure.
Potential for Further Decline
The bearish trend suggests that Popcat has the potential for further downside movement. If it fails to recover above $1.20, the next support level could be near $1.10 or even lower.
src="/uploads/20241210/173383200667582d46ecc0e.png">
Short-Term Relief Rally Possible
Conversely, due to the oversold RSI, a temporary price rally might occur, retesting resistance levels between $1.20-$1.25. This could be a target for bulls who are aiming for the previous resistance around $1.44.
Investors Flock to Catslap
Amidst the market downturn, investors seeking to mitigate losses have turned to the recently launched meme coin Catslap (SLAP), which aims to dethrone Mog Coin as the top cat-themed meme coin.
According to ClayBro, an influential crypto analyst with over 131K followers, Catslap holds the potential to surge by 50 times its current value.
Catslap's Value-Added Features
Catslap's price has surged by 5,529% since its launch 19 days ago. Its value-added features for token holders contribute to its potential upside.
- Addictive slapping game with $100k in play-to-earn rewards
- Over 484 million slaps recorded globally on its Slapometer
- "Hot Token" status on Best Wallet, connecting it to over 60,000 users
- Passive income opportunities through a staking mechanism offering a 40% APY
Upcoming Announcement and Speculation
The token's price surged after its listing on MEXC last week. Its developer has hinted at another major announcement in approximately 9 days, with speculation that it could be another CEX listing, possibly Coinbase.
SLAP Token can be purchased through its official website.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com