Coinspeaker
Solana Meme Coin POPCAT Hits New All-Time Excessive Flipping Bonk and Floki
Whereas the broader meme coin market has been consolidating, Solana-based meme coin POPCAT
POPCAT
$1.61
24h volatility:
18.7%
Market cap:
$1.58 B
Vol. 24h:
$270.33 M
has been an outperformer within the sector, hitting a brand new all-time excessive. Within the final 24 hours, the POPCAT worth surged by one other 12% hitting its all-time excessive of $1.66 earlier at present. Additionally, the day by day buying and selling quantity has surged by a staggering 80% capturing previous $250 million.
On the weekly chart, the meme coin is buying and selling at a stable 25% acquire outperforming its friends inside the sector. Equally, it has registered a staggering 80% acquire on the month-to-month chart. The surge within the POPCAT worth has been coinciding with a notable surge in its futures open curiosity which soared from $46.91 million at the beginning of September to a report excessive of $274.8 million.
With at present’s worth surge, meme coin POPCAT has managed to overhaul well-known gamers similar to BONK
BONK
$0.000023
24h volatility:
3.9%
Market cap:
$1.58 B
Vol. 24h:
$255.02 M
and FLOKI
FLOKI
$0.0001
24h volatility:
1.9%
Market cap:
$1.41 B
Vol. 24h:
$212.86 M
. This occurred by way of the assist of sturdy whale exercise and accumulation reported for the meme coin in current occasions.
A member of the One X group highlighted no less than three whale wallets which have acquired vital quantities of the token up to now 24 hours, whereas one whale was noticed promoting BONK for POPCAT.
Whoever you’re KEEP POPPING POPCHAD
this pockets is firing 100 sol clips each min into $POPCAThttps://t.co/dXviUvwB9v pic.twitter.com/5g2oD7PhVk
— FomoCrypto (@fomo_ALTs) October 24, 2024
Moreover, on-chain knowledge additionally reveals sturdy POPCAT outflows from crypto-centralized exchanges. Such outflows are a bullish sign suggesting that traders are opting to carry their tokens for an extended length.
As stated, these elements mixed have helped POPCAT to be the lead gainer among the many high 100 cryptocurrencies at present. This cat-themed meme coin has thus toppled different dog-themed meme cash like BONK and FLOKI.
POPCAT Value Motion Forward
On the day by day POPCAT/USDT chart, the Shifting Common Convergence Divergence (MACD) indicator signifies a bullish crossover, with the MACD line (blue) crossing above the sign line (orange), suggesting the potential for sustained bullish momentum.
Moreover, the Common Directional Index (ADX) studying of 37.48 reinforces the energy of the present pattern, indicating that the worth might proceed to rise.
Courtesy: TradingView
Moreover, market analysts have additionally turned bullish on the short-term prospects of POPCAT. Crypto market analyst Bluntz identified that the POPCAT worth just lately broke out from its ascending channel.
The breakout from this sample strongly signifies ongoing worth progress, demonstrating that sustained shopping for stress has surpassed earlier resistance inside the channel.
$POPCAT breakout as predicted
Up 12% to date.
Can we consider in @MustStopMurad and hope for five$??
I'll take this stage by stage pic.twitter.com/2SduA7XxXP
— NW CRYPTO (@FutureCrypto55) October 24, 2024
A dealer referred to as NW CRYPTO has advised that the meme coin may encounter resistance at $0.2768, which is roughly 18.7% greater than the present worth. They famous that if bulls handle to drive the worth previous this resistance stage, the following targets could possibly be $0.7416 and $1.4926.
Solana Meme Coin POPCAT Hits New All-Time Excessive Flipping Bonk and Floki
