The past few weeks have been unfavorable to Popcat (Popcat), the popular piece, based in Solana, but now, looking at the current price action, it seems that the feeling of the market is changing. From today, on February 9, 2024, Popcat attracted significant attention from crypto enthusiasts and is ready for massive momentum.
40% popcat rally
Popcat is currently negotiating nearly $ 0.305 and has overvoltage over 40% in the last 24 hours. This massive increase rally moved the current price of prices to the bullish side, resulting in significant participation of traders and investors. Consequently, the trading volume of the memes play jumped 38% during the same period.
This participation does not only come after massive overvoltage, but also after the price has reached the level of bullish escape.
Popcat technical analysis and future level
According to the Price Action expert, Popcat has managed to form a long-diligent corner price action model on daily time and is currently on the point of an escape. In the recent drop in prices, the meme piece lost several levels of crucial support, including $ 1.12, $ 0.70 and $ 0.30.
However, with an increase in 40%, the memes play seems to have found the level of support and is ready for an bullish escape.
Based on the recent price action, if Popcat supports this gain, violated this model and closed a daily candle above the level of $ 0.40, there is a strong possibility that the meme piece can go up in money 80% to reach the level of $ 0.70, then gradually to the level of $ 1.12, and beyond.
Currently, the same part is negotiated below the exponential mobile average (EMA) on the daily time, which indicates that it is in a downward trend.
$ 2.15 million in Popcat entry
With this bullish price action, certain whales and long -term holders have thrown their assets on exchanges, as reported by the chain analysis company Rinsing. The data from the influx / outings of spots reveal that exchanges through the cryptographic landscape have witnessed an influx of more than $ 2.15 million in Popcat pieces, which indirectly indicates a potential sale for Reservation for profit.
However, these entries on exchanges after gatherings can cause sales pressure and a new drop in prices, although the market has not reacted much, which also alludes to the sustainability of merchants and investors.