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Popcat, a meme coin based on the Solana blockchain, saw its price surge by over 305% in the last 30 days and 63% in the past week.
Popcat (POPCAT) credits its ever-growing value to a combination of strategic partnerships, technical analysis, social media campaigns, DeFi integration, and enhanced security measures.
Crypto influencers also endorsed the cat-themed meme coin leading to its listing on ByBit and Crypto.com, which boosted its visibility.
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Popcat Technical Analysis
Technical analysis indicates a bullish trend for Popcat, with key indicators suggesting a continued rise in price. Current resistance is observed at around $0.98, with support identified at $0.60.
These levels present a potential for breakouts or reversals.
Ranked No. 86 among top cryptocurrencies, Popcat has seen robust trading volume, with over $71 million traded in the past 24 hours. Its price reached an all-time high of $0.98 today. A sustained increase in volume could signal continued bullish activity.
Further analysis suggests that Popcat could experience price fluctuations between $0.60 and $1 in the coming weeks.
According to the current data from Coingecko, Popcat is trading at $0.95, with a 6% price increase in the past 24 hours and a market capitalization exceeding $936 million.
Since its inception in January, Popcat has surged by 25,074%.
Read more: Ethereum enjoys price increase as ETF anticipation intensifies
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