Solana-based meme coin Popcat (POPCAT) is expected to experience a significant price decline, according to technical analysis by CoinPedia. The token has gained popularity due to its impressive performance in recent days, but the bearish Head-and-Shoulder pattern on its daily time frame suggests a potential 20% drop in the coming days. On-chain metrics from Coinglass support this negative outlook, with a Long/Short ratio of 0.92 and a drop in open interest by 7.9% over the last 24 hours. At press time, POPCAT is trading near $1.28 after a 7% decline in the past 24 hours and a decrease in trading volume by 40%.
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