In the last 30 days, Popcat has surged by 108%, hitting three new all-time highs (ATHs) since breaking the $1 barrier. 4. However, Popcat managed to bounce back 16.6% from this zone on Thursday, propelling the token’s surge toward the $1.3 resistance level. Despite the potential for a correction, Popcat has seen a 7% boost in the last 24 hours, trading 8.7% below its all-time high. 5. Popcat has retested the $1.4 resistance level twice after surpassing it, and a successful reclaim of this level could propel the price toward a new all-time high.
According to some analysts, if Bitcoin’s price holds, Popcat should successfully break this level by next week. However, not all market watchers are optimistic about Popcat’s future performance.
1. Crypto analyst Sanchez noted that the memecoin’s price was “running flat,” suggesting the possibility of a correction ahead of a breakout.
A drop from the $1.3 level could send Popcat’s price toward the $1.1-$1.0 mark. 2. Popcat, a cat-themed memecoin, has recently been experiencing significant growth, having already achieved a $1 billion market capitalization. Most recently, Popcat reached its latest ATH of $1.56, but after a week, the cryptocurrency saw a 7-day downtrend.
It unsuccessfully attempted to break above the trendline earlier this week and faced a correction toward the $1.2 support level. The cryptocurrency has reclaimed the $1.3 mark and is attempting to confirm the breakout and regain the $1.4 resistance level.
Some analysts, like CryptoGodJohn and crypto trader Bluntz, predict that Popcat could see a 30% surge toward a new all-time high in the coming weeks.
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