Coinspeaker
Solana Memecoin POPCAT Hits New All-Time Excessive Crossing $1 Billion Milestone
Solana-based meme coin POPCAT
POPCAT
$1.02
24h volatility:
15.7%
Market cap:
$1.00 B
Vol. 24h:
$133.03 M
has not too long ago witnessed a robust worth surge of greater than 10% thereby hitting an necessary milestone of $1 billion market cap. Earlier right now, the POPCAT worth surged to its all-time excessive of $1.07 ranges recording a staggering 50% rally on the weekly chart. Then again, the each day buying and selling quantity of POPCAT has additionally surged by 64.5% shifting all the best way previous $151 million.
This sturdy rally has led to renewed whale curiosity within the Solana meme coin. As per the information from LookonChain, a notable crypto whale, who beforehand incurred a lack of $611,000 (roughly 45%) on the POPCAT token, has made a major funding within the asset.
Over the previous two days, the investor spent 8,644 SOL
SOL
$152.1
24h volatility:
4.3%
Market cap:
$71.26 B
Vol. 24h:
$3.42 B
, valued at round $1.29 million, to amass 1.3 million POPCAT tokens at a worth of $1 every. This reveals that POPCAT meme cash proceed to be on the radar of massive traders.
A whale who misplaced $611K(-45%) on $POPCAT earlier than spent 8,644 $SOL($1.29M) to purchase 1.3M $POPCAT at $1 once more prior to now 2 days.
Can he generate profits on $POPCAT this time?https://t.co/xmXhubPcWP pic.twitter.com/mgDzu7gGYZ
— Lookonchain (@lookonchain) September 25, 2024
Moreover, the CoinGlass information reveals that the POPCAT open curiosity has surged by 13%, reaching its all-time excessive of $106 million. This sometimes highlights the surge within the dealer’s curiosity prepared to have interaction with the Solana meme coin. Furthermore, the weighted funding price has surged to an all-time excessive of 0.0200%, additional bolstering the coin’s upward momentum.
POPCAT Worth Technical Chart
On the technical chart, the POPCAT worth is exhibiting power and is buying and selling near the higher Bollinger Band, at present sitting at $1.0704. This means that the asset is nearing an overbought zone, whereas additionally reinforcing the strong bullish momentum within the quick time period.
Moreover, the Commodity Channel Index has surged to 143.81 after the current rally, considerably exceeding the overbought threshold of 100. Such excessive readings typically point out the potential for an upcoming correction, prompting merchants to train warning.
If the POPCAT worth continues this momentum and rallies previous the resistance of $1.070, it might rally additional all the best way to $1.2 as the following psychological goal.
Conversely, a failure to uphold the present assist ranges could result in further declines, with the center Bollinger Band at roughly $0.7482 appearing because the preliminary assist zone.
Solana Memecoin POPCAT Hits New All-Time Excessive Crossing $1 Billion Milestone
