Popcat Price Jumps: Can This Meme Coin Keep the Momentum Going?
Popcat’s price charts have shown notable increases over the last day, reaching a local high of $0.429 in the process. In actuality, Popcat was trading at $0.4200 at the time of writing. Over the previous 24 hours, this represented a 16.13% gain.
The memecoin’s volume increased by 75.60% to reach $80 million as prices rose, bringing the total volume to $411.4 million. The significant increase in volume indicates that once consumers return to the market, there will be a greater demand for Popcat.
Popcat Rally Accelerates as Buying Pressure Surges and Netflows Turn Negative
4.79 million tokens have been bought in the last day, demonstrating buyer dominance in the spot market. The memecoin’s rising trend is further supported by growing buying pressure, as indicated by the positive order imbalance of 48K. Popcat’s exchange netflow has remained negative due to recent buying activity, indicating substantial accumulation as withdrawals exceed deposits. Five days ago, the only positive netflow in the last two weeks was noted.
Popcat Surges After Defending $0.35
At the time of writing, Popcat was emerging from a downward trend, per AMBCrypto’s research. The memecoin bounced after successfully defending the important support level of $0.35 after plunging to a low of $0.32. The recent advances indicate that mood is turning bullish and that there is substantial upward momentum. Popcat’s RSI was on the verge of a bullish crossing, which is proof of its bullishness. The uptrend and its potential for continuation will be confirmed if this move is completed and eventually crosses.
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