- The POPCAT trading volume has increased by 56.76% over the past 24 hours.
- The Popcat price has risen by 170% since September, and it might go much higher.
Popcat (POPCAT) is another attention-drawing Solana meme coin. The decent ranking and noticeable performance of POPCAT price since September have drawn many users looking for profitable investment opportunities.
The Popcat meme coin price has formed a base at the major support level of $0.400 on a 1-D time frame. Moreover, it has departed from the support zone and risen by taking support on the 20-day exponential moving average (EMA). This meme coin has witnessed a rally of more than 170% in the past 45 days.
Popcat has triggered a pullback by taking support on the 20-day EMA. Its trading volume has also increased, which could support the bullish momentum. A small push by buyers could lift the price to a new all-time high (ATH).
Is POPCAT Price Set to Fly More?
Trading Tank (@TheTradingTank) is a market analyst and a meme coin hunter. He has claimed that the POPCAT price may keep surging according to the technical chart. According to his chart, the price has reached a big breakout level.
If the POPCAT meme coin price triggers the breakout from this zone, it may perform positively for the next few months. A successful breakout could mark the POPCAT price chart as the most bullish chart of 2024.
Can the Popcat Price Approach the $2 Mark in October?
When writing, the Popcat price was trading at $1.36 and remained neutral over the past 24 hours. This meme coin’s market capitalization was $1.33 billion, and the 24-hour trading volume was $154.95 million.
During the bullish rally, the POPCAT crypto price recorded an ATH of $1.54 on October 12. However, a small profit booking took place, and the price melted to the 200-day EMA.
The POPCAT Buyers have shown interest around the 20-day EMA and bullish momentum has been generated. This momentum has turned into a pullback, which could be a bullish sign.
If the POPCAT price defends the 20-day EMA level, it could attract buyers. The price may record a new all-time high in a few days if buyers show their involvement. This meme coin must smash the $1.60 mark with strength to reach the $2 mark this month.
On the other hand, if the price starts trading below the 20-day EMA, it could be a panic situation for buyers. Most buyers might prefer to book profit once the price goes below the moving average. Profit booking may lead to strong selling pressure.
Based on the technical indicators, the Popcat price has smashed the 20-day EMA, which now acts as a support level. The MACD and the Signal line are wandering in the positive territory.
POPCAT Price Prediction and Forecast
Based on the analysis, it seems that the Popcat price has shown significant bullish momentum. It showed the potential to reach new all-time highs in the near future. The price has demonstrated resilience by finding support at the 20-day EMA and has seen a substantial increase in trading volume.
If the POPCAT meme coin price manages to sustain its position above the 20-day EMA and more buyers are involved, it could reach the $2 mark in October.
Technical indicators, including the MACD and the Signal line, are currently showing positive signals. They support the bullish momentum and a run toward a new ATH.
Disclaimer
This article is for informational purposes only and provides no 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.
