TLDR
- Popcat has risen 57% over the past week and trade with $ 0.3467 with a daily volume of $ 147 million
- Technical analysis shows a hooked outbreak from a falling wedge pattern, with price-breaking over the 50-period SMA
- A major choice recently dumped 10 million popcat symbols worth $ 3.15 million on village bit, after making 633% profit
- Coinbase’s latest launch of Popcat Perpetual Contracts has contributed to Positive Marketing Entries
- In spite of Whale Selloff, Token Momentum with Futures Open interest rate increases 7% to $ 167.88 million
The Solaana-based MEME coin popcat has shown remarkable price measures over the past week, Registration of a 57% increase in value despite broader market vollatility. From the latest trading session, Popcat is traded at $ 0.3467, with the daily trading volume that keeps $ 147 million.
Technical analysis of Popcat’s price movement reveals a remarkable outbreak from a falling wedge pattern, traditionally interpreted as a hooked reversal signal. The token has successfully broken over its 50-period simple moving average (SMA) to $ 0.3366, which indicates that buying momentum is growing on the market.
Addition to the technical landscape is currently the relative strength index (RSI) at 58.98, after moving upwards from territory monitoring. This indicates increasing buying pressure while maintaining space for potentially further upwards before reaching overbought conditions.
The moving average convergence expenditure indicator (MACD) has produced a bullish crossover, with the blue MACD line that crosses above the orange signal line. The growing histogram bars further support the presence of positive speed in line with the wedge outbreak.
Market attention was drawn into a new development that involved a large token holder. An early Popcat investor, resting for two months, has deposited the 10 million tokens worth approximately $ 3.15 million to the village bite exchange. Data on the chain reveals this special wallet address ‘8ickq’ initially bought 9.27 million symbols with 350 sun in December 2023.
The trading strategy used by this early investor has resulted in significant profits, with data showing $ 7.32 million returns, which corresponds to a 633% profit on their initial investment. The trader has now liquidated most of his holdings and retained more than 1 million tokens.
An early $ Popcat Holder broke a 2-month silence and deposited 10m $ Popcat ($ 3.15 million) to #Bybut ~ 7 hours ago.
Noteworthy bought this Valpopcat already on December 14, 2023 and changed 350 $ Sun ($ 24.5 000) for 9.27 m $ Popcat. Now, only 1,173m $ Popcat ($ 404K) remains, with $ 7.32 million (+633%) in … pic.twitter.com/obdro8ejn2
– spot on chain (@spotonchain) February 14, 2025
Coinbase’s latest expansion of Popcat support has emerged as an important driving force for the market term. The leading Cryptocurrency exchange of eternal contracts for token has contributed to increased market exposure and trade activity.
The futures market for popcat shows growing interest rates, with open interest rates rising 7% to reach $ 167.88 million. This increase suggests continued speculative activity and market participation despite the latest elections the deviations.
Trade data
Daily trading data shows Popcat maintaining speed, with prices between 0.2837 and $ 0.3511 over the past 24 hours. The token has registered an increase of 8% during this period, which indicates the demand for resilient buyers.
When looking at important price levels, 200-period represents SMA to $ 0.9189 a large resistance point. A breakthrough above this level can confirm a shift towards a long -term haisseatic trend.
Short-term price targets identified by market analysts include $ 0.90, which coincides with the 200-period SMA. Additional resistance levels are listed at $ 1.20 and $ 1.80, based on previous price measures.
Support levels are currently established about $ 0.33, with additional support close to $ 0.25 if prices return. These levels may prove to be crucial to maintaining the current upward speed.
Marketing EKSPERT “Altcryptogems” has noted that Popcat, together with other Meme coins, has encountered pressure in the middle of market turbulence since the end of 2024. Analysts point out that a 10x increase would be needed to reach earlier highest times.
Trade volume distribution shows balanced activity over large exchanges, where village bites receive increased attention after the latest valimination. The exchange has dealt with a remarkable part of Popcat transactions over the past 24 hours.
The latest Geckoterminal data confirms the outbreak from the falling wedge pattern, with price measures that maintain positions above important variable average values.
