Popcat Price Prediction: POPCAT Soars 32% Following Binance Futures Listing As This Brett Challenger On Base Nears $3 Million Raised
The Popcat price soared 32% in the last 24 hours to trade at $0.5839 as of 00:41 a.m. EST on trading volume that skyrocketed 217% to $165 million.
This comes after Binance Futures announced the introduction of two new USD-Margined perpetual contracts featuring POPCAT and SUN tokens.
According to a statement by Binance Futures, the new perpetual contracts for POPCAT/USDT and SUN/USDT were launched yesterday, August 22, an initiative seen as a means to respond to user demand for innovative and varied trading products.
Popcat Price Aims For A Continued Rally
The Popcat price has been on a downtrend in the last two weeks, trading within the falling channel pattern. According to GeckoTerminal data, POPCAT dropped from the $0.66 resistance and found support around the $0.38 level.
The support allowed the bulls to push the price above the channel as they aim for a continued rally. POPCAT has now crossed above the 50-day Simple Moving Average (SMA), which could encourage the bulls to propel the price of Popcat further. A sustained surge could push the price above the 200-day SMA, which now acts as the immediate resistance level at $0.6179.
Furthermore, the Relative Strength Index (RSI) is soaring as it aims to cross above the 70-overbought region, which shows that the asset is currently under intense buying pressure.
The Moving Average Convergence Divergence (MACD) also encourages buyers to add to their positions as it crosses above the neutral line. The blue MACD line also crosses above the orange signal line, representing a bullish crossover.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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