Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Popcat Price Prediction: POPCAT Surges 16%

InsidebitcoinInsidebitcoin2024/09/10 14:23
By:Insidebitcoin
 

The Popcat price surged 16% in the last 24 hours to trade at $0.6216 as of 03:50 a.m. EST on trading volume that plunged 92% to $95 million.

Popcat Price Aims For A Continued Bullish Trend

The Popcat price is currently showing a strong bullish trend after buyers regained control near the $0.4826 support level, pushing the price into a markup phase. The rounding bottom pattern further confirms this bullish momentum, according to data from GeckoTerminal . 

Popcat is now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), signaling robust upward momentum. 

Additionally, the Relative Strength Index (RSI) is at 66 and approaching the 70-overbought region, indicating strong buying pressure. 

The Moving Average Convergence Divergence (MACD) is also in positive territory, with the blue MACD line crossing above the orange signal line, confirming a bullish trend. 

The RSI and MACD indicate that Popcat is currently on a strong upward trend. If the bulls maintain this momentum, the price could continue rising, with a target of $0.7000 in sight. 

POPCAT Chart Analysis Source: GeckoTerminal.com

However, a death cross has formed at $0.5617, as the 200-day SMA has crossed above the 50-day SMA, which is often seen as a bearish signal despite the ongoing bullish trend. If market conditions turn bearish, Popcat’s price could fall back to its next support level at $0.5697 (50-day SMA).

0

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.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Analysts Warned: Bitcoin Price Could Take Unexpected Big Surprise If Interest Rate Cut Happens

According to analysts, a higher-than-expected interest rate cut could paradoxically lead to a drop in Bitcoin price.

Bitcoinsistemi2024/09/17 06:24

Trump family DeFi project confirms coin issuance, Trump once again talks about his recognition of Crypto (with full text of speech)

The classic "If I'm not elected, we'll be living in hell the next day"

BlockBeats2024/09/17 04:12