The past few weeks have been unfavorable for Popcat (Popcat), which is the MEME which is taken from the famous Solana, but now, given the current price procedure, the market morale seems to be transformed. As of today, February 9, 2024, Popcat acquires great attention from encryption enthusiasts and is preparing for huge upsurgels.
Popsat Rally 40 %
Popcat is currently trading near $ 0.305, and has witnessed a price increase for more than 40 % during the past 24 hours. This huge upscale gathering has transformed the current price of the price towards the upper side, which led to a noticeable participation of merchants and investors. As a result, the Meme Coin trading volume increased by 38 % during the same period.
This post does not only come after the enormous prices increase, but also after the price has reached the level of upward collapse.
Popcat technical analysis and the next level
According to the PRICE procedure, POPCAT has succeeded in shaping a work pattern issued by the prices of the spaciousness issued on the daily time frame and is currently about to end. At the last price drop, Meme has lost many decisive support levels, including $ 1.12, $ 0.70 and $ 0.30.
However, with 40 % climbing momentum, the M -currency appears to have regained the level of support and is ready for bullish penetration.
Based on the last procedure of the price, if Popcat maintains this gain, it violates this style, closes a daily candle higher than a level of $ 0.40, there is a strong possibility that the Meme currency increases by 80 % to reach a level of $ 0.70, then gradually towards the level of $ 1.12 And beyond.
As of now, the MEME currency is traded less than the EMA on the daily time frame, indicating that it is in a declining direction.
$ 2.15 million of PopCat flow
Through this bullish procedure for prices, some whales and their long -term holders were delivering their property on the stock exchanges, as stated by the Analysis Company on the series Coinglass. Immediate external flow/flow data reveals that exchanges through the encryption scene have witnessed a flow of more than $ 2.15 million of Meme currency of more than $ 2.15 million, which indirectly alluded to a possible sale in order to reserve profits.
However, such flows on stock exchanges after marches can cause sales pressure and low prices, although the market has not interacted much, which also allows the sustainability of merchants and investors.
