The token recently retested the $1.4 resistance level, with some analysts suggesting the possibility of a correction towards its monthly opening if it is unsuccessful in reclaiming that level.
Popcat has been a top-performing cryptocurrency this year, achieving a $1 billion market capitalization and outperforming most cryptocurrencies despite the market’s retracement. A successful breakout of the $1.4 level could propel Popcat toward a new ATH, but analysts caution that a drop from the $1.3 mark could send the cryptocurrency toward the $1.1-$1.0 mark.
Popcat, a cat-themed memecoin, is expected to rally towards a new all-time high (ATH), according to multiple market watchers.
