$POPCAT Eyes Breakout as Key Technical Indicators Suggest Major Move
Popcat (SOL) or $POPCAT has recently seen a price surge, with signs pointing to a potential breakout. From a technical analysis standpoint, this asset is poised for an exciting move, and traders are keeping a close watch for what could be a significant opportunity over the next few days.
While Popcat (SOL)’s price surge hints at a potential breakout, another meme-themed project is also making waves. Memebet Token, a casino platform where users can wager popular meme coins like Pepe and Bonk on games like Blackjack and Roulette, has already raised over $460,000 during its presale phase.
This suggests a growing interest in the meme coin and could offer investors an alternative opportunity to capitalize on the current trend.
Popcat (SOL) (POPCAT) price analysisPopcat (SOL) current market cap is $1.35 billion, but unlike Bitcoin and other major assets that have surged this week, $POPCAT has remained relatively quiet. Down by 8.12% over the last 24 hours, it hasn’t yet followed the broader market’s bullish momentum.
However, meme coins often behave this way, staying dormant until they suddenly burst into action. One positive sign is that $POPCAT’s trading volume is up by 8.99%, a clear indicator of growing investor interest.
While CoinMarketCap’s recent updates have removed its ranking visibility, the increase in trading volume alone shows bullish sentiment building up.
A breakout appears imminent. Looking at the 4-hour chart, Popcat (SOL) is testing a critical point where it typically surges after breaking above the Volume Weighted Average True Range (VWATR).
Past behavior shows that after briefly retracing, Popcat (SOL) tends to rise sharply once it crosses this technical threshold. A recent 1.89% move last September demonstrates this tendency, though the chart suggests that a larger price swing could be coming soon.
The next target on the radar would be a 4.44% move to around $1.47. Traders looking for a near-term opportunity might find this an attractive entry point. If Popcat (SOL) follows through on this breakout, there’s potential for a gain of approximately 4.44%.
$POPCAT’s all-time high, set on October 12, 2024 (four days ago), has not yet been tested again. However, with momentum building, a retest seems possible.
With a market cap of only $1.2 billion and rapidly increasing adoption, there’s plenty of room for upward movement. Conservative estimates suggest a potential rise of around 8.55%, bringing the price to roughly $2.17.
While this may fall short of a predicted 11% gain, it still represents a solid opportunity for those closely tracking the asset. $POPCAT’s price action, characterized by increasing volume and a strong technical setup, strongly suggests an imminent breakout.
Early investors could potentially benefit significantly from the anticipated upward momentum. As Popcat (SOL) continues to gain traction, now might be a favorable time to enter the market.
Additionally, consider exploring new meme coins, such as Memebet Token, which are currently in presale, as they may offer alternative investment opportunities.
If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.
Small cap rally fuels new meme coin opportunity – Memebet TokenMemebet Token is an emerging alpha-stage project that has quickly garnered attention in the crypto space. This meme-themed casino offers a gaming model reminiscent of Stake.com, allowing users to wager meme coins like Pepe and Bonk on popular games such as Blackjack and roulette.
Memebet Token presents the potential for players to significantly grow their meme coin holdings through its casino platform, adding a fresh and innovative twist to the meme coin market. You can explore what the future holds for Memebet Token with our $MEMEBET price predictions here.
Source – Memebet Token Twitter
Although still in its presale phase, Memebet Token has already raised over $460,000 and attracted more than 1,000 buyers, demonstrating strong early interest. What sets Memebet Token apart is its no-KYC (Know Your Customer) feature, which provides privacy for players as they bet with their meme coins.
Additionally, Memebet Token incorporates a play-to-earn system, rewarding users with airdrops based on the amount they wager, with 20% of the token supply allocated for these rewards.
The platform hosts thousands of games and has plans to launch a sportsbook, enabling users to bet on sports using their meme coins. As an added incentive, Memebet Token offers participants the chance to win $1,000 through a simple engagement process involving their social media channels.
Designed specifically for meme coin enthusiasts, Memebet Token allows players to expand their meme coin portfolios while enjoying its gaming features.
With the meme coin market heating up, Memebet Token is poised for substantial growth, making this an opportune moment for early participation. To participate in the $MEMEBET token presale, go to memebettoken.com.
Related- Memebet Token Price Prediction – Could This New Gaming Token Maximize Meme Coin Investments with 30x Returns?
- 3 Best Meme Coin ICOs to Buy in October 2024 – Pepe Unchained, Flockerz, and Memebet Token
The post $POPCAT Eyes Breakout as Key Technical Indicators Suggest Major Move appeared first on ReadWrite.