Popcat ($POPCAT) simply clawed its option to a 15% moonshot, reigniting the last word crypto showdown between cats and canine. The Solana memecoin is now nipping at DogWifHat’s heels as merchants wager on feline dominance within the $65 billion meme sector.
With its market cap exploding previous fallen giants like $PNUT, this cat-themed token proves memecoins nonetheless have 9 lives. Traders are loving it and they’re hungry for the following viral predator.
Group-Pushed or Hype-Fueled? Why Merchants Are Betting Massive on $POPCAT
At press time, $POPCAT is buying and selling round $0.412, bouncing from an intraday low of $0.3546 to a neighborhood excessive of $0.4268.
Many observers credit score the token’s meteoric rise to its limitless meme attraction, sturdy group backing, and recognition amongst leveraged merchants who view it as the last word money-printing memecoin.
According to DexScreener, $POPCAT now boasts over 142,000 holders and 53 liquidity suppliers, reflecting its substantial group on the Solana community.
One dealer just lately shared his success from an extended place on $POPCAT, securing over 720% in earnings throughout the newest rally.
$POPCAT can also be broadly revered within the memecoin area for its spectacular resilience, having grown from a modest $500,000 market cap to over $2 billion inside only a yr.
This speedy rise has earned listings on top-tier exchanges, together with Bybit, Coinbase, KuCoin, and Gate.io.
The token gained further exposure in the U.S. market when it was listed on Robinhood on March 13.
By Might, $POPCAT had change into the best-performing asset on Robinhood, outpacing Bitcoin, Solana, and even legacy memecoins like $DOGE and $PEPE.
$POPCAT Holders Eye $1 After Explosive 15% Rally
$POPCAT’s latest efficiency has merchants excited. The token simply cleared an vital technical marker—its 100-day shifting common. This usually suggests rising energy.
Presently, $0.52 and $0.53 symbolize the rapid challenges. One distinguished analyst famous, “If it breaks out, we might see a speedy transfer towards $0.64, the latest native excessive.”
Some charts even trace that $1 might change into potential if this momentum holds.
Market watchers are additionally paying shut consideration. The token’s potential to carry these positive aspects might decide its subsequent main transfer. Whereas nothing is for certain in crypto markets, the present technical image seems favorable for $POPCAT holders.
$POPCAT Bull Case Builds, However Help at $0.25 Should Maintain to Keep away from Pattern Breakdown
Following its rally from the early accumulation zone, $POPCAT persistently fashioned greater lows by way of March to early Might, supported by an ascending trendline, an indicator of sustained shopping for curiosity.
Nevertheless, the value just lately fell under that trendline, indicating a short-term lack of momentum.
Even so, $POPCAT appears to be stabilizing, with its Relative Strength Index (RSI) rebounding from 40 and at the moment sitting at 47.33.
This means that promoting strain is subsiding, and bullish momentum might return if RSI breaks above 50. Trying forward, if patrons reclaim management, the following main resistance sits at $0.5707.
A profitable breakout above that degree might pave the best way for a transfer towards $0.7692 and probably a retest of $1.0074, a key degree from late December 2024. Conversely, if assist doesn’t maintain, $POPCAT might revisit the $0.20–$0.25 vary.
The publish $POPCAT Explodes Past $400M Market Cap – Analysts Say $1 Is Back on the Table appeared first on Cryptonews.
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