- A crypto Whale has earned $3.37 Million from Popcat in a month.
- POPCAT price surged more than 40% in the last ten days.
Popcat (POPCAT), a Solana-based memecoin, has gained investor attention amid the recent impressive bullish move. The POPCAT price surged around 40% in the last ten days.
The coin has become the top earning memecoin. On the other hand, the other tokens have experienced choppy moves. Notably, Crypto Whale has gained around $3.37 Million in investment in POPCAT within a month.
Fueled by strong investor interest, POPCAT memecoin continued to gain traction and outperformed the market.
A Look at the Whale Transaction
Looking at the trading activity revealed that this wise investor has traded another 3.13 million POPCAT. It was worth $3.65 Million. In the last 24 hours, the whale sold coins for $1.16 each.
This latest transaction is not alone in what became another $1,470,000 in the POPCAT market. The roaring yields this whale secures indicate the tail wisdom this conveys in timing the market.
POPCAT Price Analysis: Will the Bull Rally Continue Ahead?
POPCAT crypto has continued to roll gains inside a rising channel over the last two weeks. Last week, the memecoin triggered a two-month range breakout. It skyrocketed more than 40% gains within the last ten days.
POPCAT price was trading at $1.29 at press time. It boasted a market cap of $1.27 Billion. At press time, the token was positioned 56th among the cryptos.
The price action indicated the steady buying interest and accumulation over the past few sessions. The bear cartel looked trapped as the POPCAT price surged and crossed the $1 mark. Furthermore, a short covering could be seen ahead.
A recent tweet by @NW Crypto indicated that POPCAT has been gaining momentum. Also, it looked bullish over the past few weeks.
Suppose the memecoin is not stuck in consolidation ahead. If this happens, a further bullish wave could send POPCAT toward $1.50 in the following sessions.
Furthermore, the Relative Strength Index (RSI) line spiked to 65. It was on the verge of triggering a positive divergence. Typically, a rising RSI line means heightened buying activity.
Alongside the POPCAT price surge, the surprising rise in trading volume gave a strong conviction. The conviction was that the buyers were anticipating further rise and loading more POPCAT in their wallets.
As evidenced by the social dominance data, a massive vertical spike was noted. Furthermore, the curve shot up to 0.494%. This replicated the demand and buzz among the investors on the media platforms.
Looking at the futures market, the Open Interest (OI) shot up over 3.10% to $194.20 Million. This signaled a prolonged buildup activity.
Additionally, the OI-weighted funding rate stayed positive at around 0.0057%, which implies a bullish outlook. The immediate support levels for POPCAT crypto were $1.20 and $1. At the same time, the resistance levels were $1.30 and $1.50 to watch for the following sessions.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
