Popcat Price Prediction: POPCAT Soars 22% As Analysts Say This New ICO May Be The Best Meme Coin To Buy Before October Bull Run

Popcat Price Surge and Trend Continuation

The Popcat price has experienced a 22% increase within the past 24 hours, reaching $0.8729 at 03:57 a.m. EST. This surge accompanied a 64% increase in trading volume, reaching $137 million.

Bullish Sentiment Drives Price Action

In the past two weeks, Popcat's price has displayed bullish momentum, rising from a support level of $0.50. It then entered a period of consolidation, trading sideways before bulls pushed it above the resistance level of $0.75.

Technical Indicators Suggest Upward Trend

Popcat's price currently trades above both its 50-day and 200-day Simple Moving Averages (SMAs), indicating positive momentum. The 50-day SMA has crossed above the 200-day SMA, forming a "golden cross" at $0.57, further supporting a bullish stance.

Additionally, the Relative Strength Index (RSI) is above 70, indicating strong buying pressure. The Moving Average Convergence Divergence (MACD) also aligns with the bullish trend, with the blue MACD line above the orange signal line.

Price Prediction

Based on a 4-hour timeframe chart analysis, Popcat's price remains bullish. Continued upward momentum could propel the token towards $1.0.

However, the overbought RSI may indicate potential selling pressure. If bears succeed in exerting downward force, Popcat could experience a correction towards the 50-day SMA support level at $0.69.

Related Cryptocurrency Developments

• Pepe Unchained (PEPU), a derivative meme coin based on Pepe the Frog, has raised over $13.8 million in a successful presale.
• PEPU aims to address limitations of meme coins built on Ethereum Layer-1, utilizing its proprietary Layer 2 blockchain.
• Token holders can earn passively through staking with an annual percentage yield (APY) of 150%.
• PEPU tokens are currently available for purchase at $0.00981 each, with a price increase anticipated within the next 2 days.