In recent weeks, Popcat (Popcat), the popular Solana-based meme-Munt, were unfavorable, but now, looking at the current price promotion, the market sentiment seems to be shifting. From today, February 9, 2024, Popcat receives considerable attention from crypto enthusiasts and it is ready for a huge upward momentum.
Popcat’s 40% Rally
Popcat is currently trading near $ 0.305 and has experienced a price increase of more than 40% in the last 24 hours. This huge upward rally has shifted the current price action to the bullish side, resulting in remarkable participation of traders and investors. As a result, the trading volume of the meme currency increased by 38%in the same period.
This participation is not only after the huge price die, but also after the price reached the Bullish Breakout level.
POPCAT Technical analysis and upcoming level
According to the Expert Prize Promotion, POPCAT has successfully formed a Bullish long consequences Wig price aim of the daily period and is currently about to an outbreak. In the recent price decrease, the MEME -Munt lost various crucial support levels, including $ 1.12, $ 0.70 and $ 0.30.
With 40% upward momentum, however, the Meme -Munt seems to have recovered the level of support and it is ready for a bullish breakout.
Based on the recent price action, if POPCAT maintains this profit, this pattern infringes and a daily candle closes above the level of $ 0.40, there is a strong possibility that the meme currency could rise by 80% to the level of $ 0.70 and then gradually to the $ 1.12 level and beyond.
From now on the meme coin will be traded under the 200 exponential advancing average (EMA) on the daily period of time, indicating that it is in a downward trend.
$ 2.15 million from Popcat inflow
With this bullish price promotion, some whales and long-term holders have dumped their participations to fairs, as reported by the on-chain analysis company Coinglass. Data from the inflow/outflow of the place shows that exchanges into the crypto landscape have been an inflow of more than $ 2.15 million to Popcat Meme Coin, which indirectly indicates a possible sale for profit booking.
However, such inflow on exchanges after meetings can cause sales pressure and a further price fall, although the market has not responded much, which also refers to the sustainability of traders and investors.