Popcat has been on a journey most coins would never survive. After being launched, it had 90 days of 0 movement to gigantic pumps and several -70 to 80% retraces. Yesterday it made a new all time high again crossing the $1 billion market cap yet again.
How does the chart look and what could we possibly expect from Popcat in the following weeks? Lets take a look.
Popular Influencers Flooking Towards Popcat As Binance Spot Listing Nears
i cannot believe $POPCAT is trading above $1bn
Stories will be told for generations to come
We’re only getting started… it has solidified itself as the leading cat coin and helped with repricing the entire cat meme category
Binance spot listing soon
tens of billions
— RookieXBT 🧲 (@RookieXBT) September 25, 2024
Rookie, a very famous influencer on X with over 400.000 followers, has posted about Popcat almost explicitly on his profile for months. He blatantly bought a lot of Popcat before it became one of the biggest cat coins in crypto. In fact he was the one pushing it from $30 million market cap and up and his investment now sits on over a 300x return.
Popcat has now amassed over 65.000 holders on chain on Solana, which doesn’t count all the people holding on exchanges, and with speculations that Binance is about to list Popcat on their spot section of the exchange, this number should increase significantly.
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The chart looks primed for a pump as it flips all time high resistance into support
Amazingly Popcat just last month went below $0.2 and has managed to recover to over $1 in that short amount of time. This happened when there was panic in the crypto markets, the same day Bitcoin went down with more than 16%.
As we can gather from the chart, the previous highest daily close of Popcat was $0.97, and with yesterdays daily close and todays pump, we can consider this level flipped into a support for price. It should be a good floor for the price in the future. This is also the first time for nearly half a year RSI has managed to get above what’s considered overbought at 70. This can be considered as a bullish signal!
With a potential Binance listing around the corner, and the chart showing us bullish signals, there’s a high chance we could see the next leg up for Popcat over the next weeks!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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