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The Popcat value surged 3% within the final 24 hours to commerce at $0.7136 as of three.30 a.m. EST on buying and selling quantity that skyrocketed 45% to $119.2 million.
The favored cat-based meme coin has seen a fair greater value enhance on a weekly foundation, as its worth shot up 56% within the final seven days, going from $0.45 to its present value. The token beforehand tried to breach a resistance at $0.80, though the try ended up being unsuccessful when the bearish affect sharply changed the bullish sentiment.
Regardless of this, Popcat has been performing considerably higher than most different main meme cash, buying and selling within the inexperienced on each each day and weekly charts. One potential purpose is the current itemizing on RabbitX.
The itemizing was introduced solely yesterday, with RabbitX saying on X that POPCAT was launched resulting from group requests, and is now out there for buying and selling with 20x leverage.
📢RabbitX Itemizing Announcement 📢
By group request, $POPCAT is now out there for buying and selling with as much as 20x leverage at https://t.co/wbZb9jUboe
Again the Bunny!
🐰💕🙀 pic.twitter.com/PgQcQgFl8z
— RabbitX 🐇 Get 📲 App Now! (@rabbitx_io) August 27, 2024
If POPCAT’s value manages to withstand bears’ affect for lengthy sufficient for bulls to return, the token may see a significant enhance that might lead to it breaching the $0.80 barrier and probably return to its ATH at $1.
Popcat Value Prediction
Whereas Popcat did see an enormous value surge on a weekly foundation, merchants are actually wanting towards the longer term, attempting to determine whether or not the mission may stay sturdy amid the bear marketplace for lengthy sufficient to see sellers’ affect weaken. There may be some promise that Popcat may resist, with sure technical indicators giving freely bullish indicators.
The token’s Bollinger Bands, for instance, have began widening once more within the final a number of hours, which is a bullish sign. Nevertheless, the POPCAT value, which used to push the higher band additional up, indifferent itself from the band and at present sits in the midst of the indicator between the higher and decrease bands.
This may very well be the primary sign {that a} Popcat correction is coming, however the token nonetheless has an opportunity of resisting the broader market’s bearish affect, offered that the bulls retake the management of the market.
In the meantime, the token’s Relative Energy Index (RSI) worth, which has been surging towards the overbought zone, began spiraling down over the previous few hours, which is a bearish sign. It reveals that merchants have began promoting, doubtless in anticipation of a correction.
On the time of writing, the RSI rating has reached the impartial zone and it stays to be seen whether or not it’s going to maintain dropping to the oversold space. If it does, then merchants could have a chance to purchase POPCAT at a lower cost, as soon as it finds its backside. For now, nevertheless, the RSI suggests {that a} value drop could be inevitable.
As soon as once more, Popcat’s short-term efficiency will closely rely on the broader market sentiment, which means that the dangers are fairly excessive now, and that additional losses are very doubtless.
Promising Different To Popcat
Popcat finds itself in a fragile state of affairs the place all indicators level to a bullish surge, however the broader market’s affect continues to be closely bearish. Which means the token has the potential to climb, however the timing for a value surge just isn’t but proper. A correction may subsequently occur. Those that are unwilling to take that danger nonetheless produce other choices, nevertheless, resembling Base Dawgz (DAWGZ).
Base Dawgz is a meme coin mission that has been within the ICO stage for the previous few months, and is now solely hours away from concluding its presale. The ICO has been an ideal success, elevating over $3.1 million, whereas the token’s value stays solely $0.008173. Nevertheless, now that the presale is ending, time is of the essence. It’s not too late to purchase the brand new meme coin earlier than its impending itemizing.
24 hours left of the $DAWGZ presale!
Be sure you get your final minute buys in. We’re going locations after this! pic.twitter.com/yfb1eymNOt
— Base Dawgz (@BaseDawgz) August 27, 2024
Base Dawgz has introduced lots of hype to the crypto sector because of its multi-chain nature, primarily promising DAWGZ holders a strategy to obtain true interoperability. The token was developed on the Base blockchain, however upon launch, it’s going to go stay on a number of different chains concurrently — Ethereum, Avalanche, Base, Binance Sensible Chain, and Solana.
Moreover, it’s going to can help you transfer cash between the 5 supported chains rapidly and simply, with out utilizing centralized stablecoins, wrapped cryptos, or every other related options. That is potential because of Wormhole and Portal Bridge applied sciences that can let DAWGZ holders unlock the true potential of the 5 blockchains, and achieve entry to all of their advantages and alternatives.
Common crypto YouTuber ClayBro, who has over 130k subscribers, stated just lately that DAWGZ is a token price accumulating. Even for those who haven’t purchased it but, there’s nonetheless time to get the meme coin at an excellent value earlier than it probably surges post-listing.
Go to DAWGZ’s official web site.
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