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Popcat Price Rallies 14% as Investors Highlight Incoming $1B MarketCap - Bulls Eye $1 Mark

Highlights:

  • The Popcat price has spiked 14% to $0.26 as the crypto market recovers.
  • Various investors highlight a potential $1 Billion market on the horizon. 
  • Technical indicators show rising momentum, which could lead to the Popcat price breaching key resistance levels.

The Popcat price has broken out in a splendid show of bullish muscle, rallying 14% to $0.2638 as the crypto market recovers from the recent market downturn. Its daily trading volume has soared 38% to $64M, indicating intense market activity.

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Meanwhile, the Popcat marketplace has been buzzing with excitement lately, as Popcat price prediction is a hot topic in the meme coin sphere. Various investors eagerly await to see if this playful token can hit a $1B market capitalization.

POPCAT Statistical Data

Based on CoinmarketCap data:

  • POPCAT price now – $0.2680
  • Trading volume (24h) – $64.43 million
  • Market cap – $262.7 million
  • Total supply – 979.97M
  • Circulating supply – 979.97M
  • POPCAT ranking – #175

The current POPCAT/USD daily chat timeframe demonstrates a spike in price as it recently surged to the $0.2638 mark, marking a whopping 14% increase. With the MACD displaying a bullish crossover, accompanied by rising histogram bars, there is strong evidence of growing buying pressure.

However, the meme coin trades below the key moving averages, indicating some bearish prospects in the market. Immediate resistance lies at $0.3653, and the critical psychological barrier is $0.8924. If the price breaches these levels, POPCAT could gain further momentum, potentially toward the $1 mark.

On the downside, traders should be cautious of the nearest support at $0.20, which aligns with the recent demand zone. A dip below this level might expose the price to further downside, with the key support zone positioned at $0.13. However, the overall technical indicators suggest that as long as popcat price maintains its trajectory above the immediate support zones, the bullish trend will likely persist, leaving room for an optimistic outlook.

Can Popcat Price Reclaim the $1 Mark?

Popcat price is on the cusp of a potential breakout as it aims to reclaim the $1 mark in the short term. Currently, the price is consolidating within a descending parallel channel as the bulls show strength for an upward trajectory. Often, the consolidation phase may act as an accumulation period before the bulls ignite a strong rally above resistance zones.

Currently trading at $0.2638, the Popcat price faces resistance at $0.36, aligning with the 50-day MA. If the bulls flip this level into immediate support, it could pave the way to the next resistance at $0.89 before targeting the key $1 milestone. A decisive break above these levels might propel Popcat into unexplored territory, driven by renewed market enthusiasm and broader market stability.

POPCAT/USD 1-day chart: DexTools.io

A zoomed outlook at the Relative Strength Index (RSI) shows rising momentum, currently reading at 45.06. This indicates a neutral-to-bullish grip, with the odds leaning towards the upside. Moreover, there is still room for the upside before the RSI reaches the 70-overbought territory.

In the meantime, market participants should closely monitor price action near the $0.36 zone, as well as rising trading volume. A decisive breakout could ignite a rally in Popcat price’s broader uptrend, while a lack of momentum might signify a consolidation in the market.

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