The Popcat price surged 6% in the last 24 hours to trade for $0.8507 as of 01:12 a.m. EST on trading volume that plunged 47%.
This mismatch suggests a lack of conviction among traders, but this may change soon with crypto markets showing renewed strength.
With the Bitcoin price approaching $70,000, altcoins are gaining momentum, steering the global market capitalization nearly 4% higher to $2.47 trillion. Traders are taking long positions on the Popcat price, anticipating further upside.
Popcat Price Prediction
The Popcat price is trading with a bullish bias, consolidating within an ascending parallel channel. Based on the technical indicators, the odds continue to favor the upside, with the altcoin likely to extend the gains.
The Relative Strength Index (RSI) is steadily above the mean level of 50, while the Awesome Oscillator continues to reside in positive territory. These show the bulls still dominate the POPCAT market.
Increased buying pressure above current levels would see the Popcat price clear the $0.9988 resistance level. A break and close above this level would set the tone for a continuation of the uptrend.
POPCAT/USD 1-day chart
On the other hand, if traders begin to book profits for the 6% gains made on the day, the Popcat price could retract. A slip below the $0.7406 support level would inspire panic selling, worsened by an extended leg down below $0.5606.
Nevertheless, the bullish thesis would only invalidate upon a break and close below the $0.2319 support level. Such a move would constitute a drop of nearly 72% below current levels.
Meanwhile, investors are pivoting to PlayDoge (PLAY), a new Dogecoin derivative that Crypto YouTuber Jacob Bury says could be the next meme coin to 10X on launch.
Promising Alternative To POPCAT
PLAY is the powering token for the PlayDoge ecosystem. The project is a mobile-based P2E game that transforms the iconic Doge meme into a Tamagotchi-style virtual pet.
Ecosystem participants play through classic 8-bit side-scrolling adventures while embracing 90s nostalgia to earn crypto. You enjoy a monetary incentive based on how well you can care for your pet.
The project runs on the BNB chain, delivering benefits such as lower fees and faster transactions. The BNB chain is also famous for ecosystem support, interoperability, scalability, and community adoption.
Investors have already pumped more than $5.8 million into the project. Those interested to join can buy PLAY tokens for $0.00523 each. With a price hike coming in less than 3 hours, buy now to secure the best deal.
Visit and buy PlayDoge here .
Also Read:
- How to Buy PlayDoge – $PLAY Presale Review
- PlayDoge Price Prediction – PLAY Price Potential in 2024
- Meme Coins Flash Crash As Pepe, Dogwifhat, And Shiba Inu Plunge Amid 8% Sector Slump
- Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!
