Popcat surged +30% from last night’s bottom, going from $0.37 to $0.48, and is now trading around $0.45. Will Popcat continue to rise from here? Our price analysis on Popcat.
It was a difficult Monday morning for crypto: Bitcoin reached $54.2 thousand and dragged the rest of the crypto with it. So, does the worst seem to be over? Let’s take a look.
As we write this article, Bitcoin has risen by +5% since the opening on Monday morning, and it is not the only one: meme coins are also pushing, with Shiba Inu up by almost 7%, Wif by 6%, Mog by 8%, and Popcat by 7%.
Recently, the meme coin narrative has been centered around cats, with Popcat and Mog doing very well. In less than a week, Popcat and Mog grew by 200%.
Popcat Price: Resistance And Support Levels
First, we can identify the support and resistance levels for Popcat based on the daily chart. This shows that support is at $0.3544 and resistance is at $0.6457.
We can expect buyers and sellers to show up at these levels now that we have established support and resistance.
Let’s now consider the 100 moving average, which is historically well-respected for Popcat. We can see that in April this was the exact point where the price bottomed and bounced hard from it reaching new ATH.
At the end of June, the Popcat’s price broke again above this line pushing the price further up. Right now this line is being tested again and if the price can stay above it, we can assume another rally for Popcat.
Is Popcat Ready For a $1 billion Market Cap Rally?
Overall, looking at the Popcat chart, the best estimate is that the price has bottomed. The price is reaching support at $0.3544, bouncing from the 100 moving average, and the RSI is trying to stay above 50, which would be bullish. The next move could make Popcat touch a higher range.
$POPCAT's price action reminds me of its giga pump to 100M+, but now for 1B+. Something like this I see playing out. pic.twitter.com/AVEbL0zcbO
— Gunk (@GunkCrypto) July 7, 2024
Pepe Unchained Attracts Investor’s Interest: The Presale Raises $2.5 millions
Pepe Unchained, Pepu, is a new Layer-2 blockchain combined with a funny meme core. Pepu aims to be a faster and cheaper option than Ethereum, offering, at the same time, the possibility of staking PEPU tokens to earn passive rewards.
Layer-2 is an option to Layer-1 that typically has speed, cost, and scalability issues. Base blockchain is an example of L-2 that has seen its success thanks to users’ use of it as a hub for the creation of meme coins.
With the Pepu presale raising more than $2.5 million, it is clear that it is gathering the attention of investors who see in Pepu the potential to become, like Base, a nest for the creation and trading of meme coins.
Pepu is preparing to enter the next presale phase with an increase in the current price of $0.0083258 per PEPU. Early PEPU holders can already stake their tokens and earn with a 691% APY.
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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.
