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CoinJek’s Report:
As of 7:20 AM Eastern Time, the price of Popcat has risen by 68% over the past week and increased by 9% in the last 24 hours, reaching $0.4745. However, the trading volume has decreased by 11% to $74 million.
According to CoinMarketCap, the latest injection of funds has helped this token become the meme coin with the highest weekly gain among the top 100 in terms of market capitalization.
Popcat Price Breaks Bearish Channel
After a decline from the resistance level of $0.7254, the price of Popcat is rebounding. The bull market found strong support at $0.2371, pushing the price back above the bearish channel of the $0.5480 resistance zone. Despite a slight dip, the bulls have shown resilience, pushing the price up to $0.4828, indicating a continued upward trend.
POPCATUSD Analysis (Source: Dextools.io)
The daily technical indicators paint an optimistic picture for POPCAT. The price is trading above the 50-day simple moving average, indicating a potential uptrend and reinforcing positive market sentiment.
The MACD is also bullish, trading below the neutral level line. The blue average line has crossed the orange signal line, and the green histogram is above the neutral line, suggesting growing investor interest.
Furthermore, the Relative Strength Index (RSI) has rebounded below the 50 midline to 62, indicating strong buying pressure for Popcat.
Popcat Price Forecast: Is $1 Within Reach?
The bulls are preparing to continue the current upward trend, and the momentum may push the POPCAT price towards the previous resistance level of $0.7254. If this trend continues, it could propel the price towards the significant milestone of $1, signaling a significant recovery in its market capitalization.
However, if the persistent organic pollutants convention struggles to overcome this key resistance, it may face a setback. In such a scenario, the level of $0.4891 will become a crucial support level for entering the bull market.
WienerAI (WAI) Presale Surges Towards $6.5 Million: The Next 100x Coin?
Meanwhile, as the price of POPCAT soars, the presale funds for WienerAI (WAI) are skyrocketing to $6.5 million.
We have just raised $6 million.
