Popcat Price Prediction: POPCAT Bucks Meme Coin Bloodbath With 11% Surge As Pepe Unchained Storms Towards $7 Million
Release: 2024/08/02 23:04 Reading: 663
Popcat Surges Amid Market Slump
In the past 24 hours, Popcat's price has surged 11%, reaching $0.6981 as of 7:20 a.m. EST. This surge has been accompanied by a 28% jump in trading volume to $66.5 million.
Popcat Defies the Trend
According to CoinMarketCap, Popcat is the only gainer among the top 10 largest meme coins by market capitalization. The meme coin sector has experienced a decline of 6.6%, bringing its total market capitalization down to $46.7 billion.
Analyst's Optimism for Popcat
Analyst Cold Blooded Shiller on X has expressed optimism about Popcat's outlook. He highlighted a key support area on a three-day chart that could serve as a crucial rebound point. Shiller believes that Popcat has potential for appealing risk-reward opportunities.
Bullish Momentum for Popcat
After bouncing off the support level, Popcat's price continues to gain momentum. Traders are targeting $1 as the next milestone. The price has rebounded from the $1.03 resistance level and has found support at $0.6837.
Technical Indicators Support Bullish Outlook
Daily technical indicators suggest a bullish outlook for Popcat. The price is trading above the 50-day simple moving average, indicating a potential upward trend. The MACD and RSI also support this view, showing increased investor interest and momentum.
Popcat Price Prediction
Bulls are poised to continue the upward trend, pushing the price towards the previous resistance level of $0.9872. If this momentum persists, $1.5 could become a significant milestone for Popcat. However, the price could face a downturn if it fails to surpass this resistance.
Emerging Meme Coin: Pepe Unchained
In the midst of the market slump, another meme coin, Pepe Unchained (PEPU), has emerged. This Pepe-themed project is approaching $7 million in its presale.
Layer-2 Network for Pepe Unchained
To overcome scalability issues and high fees on Ethereum, Pepe Unchained has introduced its own layer-2 network. This dedicated sidechain promises faster transaction speeds and lower network fees.
Bridge to Ethereum
Pepe Unchained's layer-2 network is seamlessly bridged to Ethereum's mainnet, combining Ethereum's security with Pepe Unchained's speed.
Staking Rewards for PEPU
Investors can stake their PEPU tokens for an annual return of 283%.
Analysts' Suggestion
The 99Bitcoins YouTube channel, with 706k subscribers, has suggested that Pepe Unchained (PEPU) could have the potential to be the next 10x meme coin.
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