In our recent article on Popcat we mentioned a Binance Futures listing could be around the corner, and it certainly was. Speculators was highly rewarded after Popcat price pumped +50% after the listing and +60% from the listing was announced – . You can find our last article on Popcat here.
Today, we will examine some technicals and price analysis on Popcat to see if we can gain an advantage over the next days or weeks.
Price Analysis Popcat: Resistance Has Been Flipped and Indicators are Bullish – Are we Looking at a New All time High?
Looking at this chart, it’s evident it’s in a wild uptrend with little to no longer retraces on higher timeframes, like multi-month accumulation zones or so. It moves quickly and has lots of attention and volume!
As I have highlighted with the grey circles, we can see that the second it flipped the daily 100 moving average and the 50 RSI zone, POPCAT price exploded. Quickly.
How is this and how did I predict this? Well, it’s simple, actually. Look at RSI and how the 50 RSI historically has been a good indicator for us to see if the price was in an uptrend or downtrend and what happened the second RSI was accepted above the level.
You can also see on the daily 100 moving average that it has historically acted as a floating support for price. Next up should technically be a retest of all-time high and the $1 to $1.1 area!
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High Volume and People Loving Popcat: Binance Spot Listing Sooner than Later?
Almost $100M of volume on $popcat spot listing is coming sooner than people thinks 🤔 pic.twitter.com/gmNvL7UUZW
— Flavinho WEB3 (@flavinho_web3) August 25, 2024
As one user notes, the volume on Popcat on Binance is very high. So, could we soon see a spot listing for Popcat on Binance?
Well, that depends entirely on Binance and whether they have changed their internal structure with these listings.
The quick user will have noted that Binance has taken a step away from listing meme coins and has left that almost entirely to Bybit to take that market share.
However, recently, we saw Binance starting to list more of these. So maybe they just needed the final piece of regulation in place, and now we can see these listings flowing in?
If this is the case, Accumulate high-volume and trending memes listed on Bybit, who are missing on Binance, to anticipate this move.
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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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