Popcat Price Prediction: POPCAT Pumps 19%, But Traders Flock To This Rival For 3,841% APY
The Popcat price surged 19% in the last 24 hours to trade at $1.4484 as of 03:09 a.m. EST on trading volume that skyrocketed 105% to $155 million.
Popcat Price On A Sustained Bullish Rally
According to data from GeckoTerminal , the Popcat price has been in a consolidation phase. From September 25, it was trading in a sideways pattern, within the $1.0 range. The bulls then pushed the price of Popcat through a markup phase, forming a parabolic curve, which suggests a continued bullish trend.
POPCAT now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which indicates that its price is still bullish.
The Relative Strength Index (RSI), currently at 75.79, suggests that the asset is in overbought territory. This could mean a pullback is possible, but in strong, bullish trends, the RSI can stay overbought for extended periods.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), confirming a bullish crossover with upward momentum. The green bars on the histogram also extend above the neutral line, which suggests that Popcat is currently on a positive momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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