Popcat Price Prediction: POPCAT Pumps 4% As Investors Flock To This PEPE 2.0 For 100X Gains
Release: 2024/10/23 18:32 Reading: 342
Popcat Price Analysis: Bullish Recovery Signal Emerges
Over the past 24 hours, Popcat's price has surged by 4%, reaching $1.37 as of 3 a.m. EST. Trading volume has also climbed significantly, skyrocketing by 56% to $162.38 million.
On the weekly chart, Popcat has gained approximately 13%, rising from $1.2163 last Wednesday. However, the asset's current price is below its recent peak of $1.46, achieved a few hours prior to the current analysis.
Technical analysis suggests that Popcat's resistance at $1.45 has proven challenging to overcome. Nevertheless, the 7-day and 30-day charts indicate that a more significant barrier exists at $1.40.
Popcat made several attempts to conquer this level throughout October, successfully breaching it on multiple occasions. However, it was unable to establish it as a support level.
Each time, Popcat's price was rejected to a support at $1.20. Although the current outlook suggests that a sharp decline may be avoided.
Popcat Price Prediction
Despite a dip below its recent high, Popcat's price remains above its level from 24 hours prior. The rejection at $1.45 has caused a temporary setback, but technical indicators hint at a potential recovery.
Popcat's Bollinger bands have remained wide, a positive sign. While its price initially pushed down the lower band, it is now separating from it and may return to the neutral area between the bands or even reach the upper band.
The Relative Strength Index (RSI) presents a more optimistic signal. After fluctuating between the overbought zone and the neutral area, the RSI eventually dropped into the oversold zone as traders engaged in selling.
This could be a buy signal for opportunists who believe the token is oversold and undervalued, especially with the RSI dropping below 30. Historically, traders often initiate buying when the RSI approaches 30.
Unless a significant bearish trend emerges, Popcat is likely to rebound and potentially climb back to $1.40 or even retest $1.45. However, traders should exercise caution due to the overall bearish sentiment in the crypto market.
Promising Alternative to Popcat
Instead of taking a risk with Popcat, investors may consider Pepe Unchained (PEPU), which has raised over $21.8 million in its presale.
YouTube influencer ClayBro, with over 130k subscribers, believes PEPU has the potential to become the next 100x crypto.
PEPU stands out as the first Pepe-based meme coin with its own blockchain, unlike the original Pepe, which operates on Ethereum.
Unlike Ethereum, PEPU claims to offer faster and more affordable transactions. It is developing an ecosystem that includes a decentralized exchange (DEX), block explorer, and PEPU Foundation.
Many anticipate PEPU to become a formidable competitor or even a replacement for Pepe. With its presale ending soon, investors are encouraged to act quickly if they wish to acquire PEPU before its public launch.
Currently, PEPU sells for $0.01176. Interested individuals can purchase PEPU using ETH, USDT, BNB, or credit/debit cards.
Visit the PEPU website here.
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