Popcat Price Prediction: POPCAT Plunges 4% As Investors Pivot To This Vote-To-Earn Meme Coin With 3,356% APY
The Popcat price plunged 4% in the last 24 hours to trade at $1.2459 as of 00:26 a.m. EST on trading volume that plummeted 30% to $108 million.
This comes despite the meme coin space climbing 2% in the last 24 hours to reach a market capitalization of $53 billion.
Popcat Price Could Rebound
After a breakout from a consolidation range (highlighted by the yellow box), the Popcat price rallied strongly before pulling back slightly. The upward move was sharp, and now the price seems to be stabilizing around 1.24, according to data from GeckoTerminal .
This could indicate the start of a new consolidation phase, or it may prepare for another leg up. Despite the slight correction from the $1.47 resistance, the price of Popcat still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the continued bullish rally.
Meanwhile, the Relative Strength Index (RSI) is currently around 50.30, which is a neutral zone. This indicates that there’s no strong overbought or oversold condition at the moment.
After previously reaching higher levels (around 70-80), which would have stated an overbought condition, the RSI has cooled off, which could suggest the price is resetting before another potential move up.
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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