- The Popcat price traded in green for only 13 days in the last 30 days.
- The token’s price sentiment was bullish, as per Coincodex.
The Popcat (POPCAT) price has followed a strong uptrend, marked by higher swing levels on the chart. The token’s liquidity remains robust, supported by a volume-to-market cap ratio of 14.67%.
This indicated active engagement from traders and investors, contributing to the token’s dynamic market presence.
The POPCAT token had 49.1K holders at press time, and its top 10 holders held 15.39% of the total supply. The token’s price was highly volatile, resulting in a volatility of 18.26%.
Moreover, the Popcat crypto has seen an increase in its trading volume of 3.9% over the past 24 hours. It reflected a slight decline in demand. This increase in volume resulted in a traded value of $83.607M, representing 14.67% of the token’s market capitalization.
Despite the rise in trading volume, the Popcat crypto market cap has declined by 5.2% within the same period. It brought its total market cap to $560.082 Million. This decline has positioned Popcat as the 92nd largest token in the global market at press time.
What do derivatives say about the Popcat token?
The open interest in the Popcat crypto has decreased by 5.6%, bringing its total value to $43.68 million. This decline in open interest aligns with recent trends in the token’s liquidation data. It further showed a significant number of long positions being liquidated over the past few days.
Trading activity in Popcat’s derivatives market has also diminished. It was accompanied by a 6.4% drop in traded volume over the last 24 hours.
Despite this decline, the total derivatives traded volume for the token surpassed $250 Million within the same period. This highlighted continued market engagement.
In terms of liquidations, the past 24 hours have seen $164.86K in short positions liquidated. At the same time, long positions totaling $412.08K were also liquidated. This indicated a broader market volatility trend, with buyers and sellers facing liquidation pressures.
Where Are Technicals Taking The POPCAT Token Price?
The POPCAT token had maintained its position above a dynamic trendline for over two months. It has shown consistent advancement in recent days.
A significant change of character occurred at the $0.68 level, which the POPCAT price recently surpassed. This breakout was accompanied by strong momentum, leading to a remarkable 70% increase in price within just two days. However, the price has since retreated to lower levels.
If the price rebounds above the change of character level at $0.68, there is potential for upward movement. On the contrary, if this level is regained and sustained, we could see the token reach higher levels.
Technical Indicators Seem Confused On The Charts Of POPCAT Crypto
The 20-day and the 50-day EMAs on the Popcat crypto daily chart traded in a golden cross. The price also stayed above the Average True Range level of the supertrend, which showed an uptrend in price.
POPCAT/USD Chart by TradingView
The MACD indicator showed an uncertain price behavior as the MACD and the signal line traded in a death cross. The following metrics further sustained the bullish trajectory.
RSI has also declined below the 50 level, and the 14-day SMA opposed the technicals of the token price.
The POPCAT price might take support at the levels of $0.250 and $0.3820. This is followed by resistance levels of $0.810 and $1.0.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
