The Popcat value surged greater than 34% over the previous 24 hours to commerce at $0.007554 as of 9:00 am EST as traders pounced on the Solana meme coin.
The Popcat Price Pulls Again As Merchants Start To Take Revenue
4-hour chart for POPCAT/USDC (Supply: TradingView)
The Popcat value is resting on the 9 Exponential Shifting Common (EMA) line. This is after it underwent a correction following its excessive of $0.01009 right this moment. Because of this pull again, a double prime sample has fashioned on the cryptocurrency’s 4-hour chart.
If the Popcat value falls under the 9 EMA line, it could break under the neckline of the chart sample at round $0.005 quickly. This bearish thesis might be invalidated if the meme coin is ready to keep above the 9 EMA line for the subsequent 24 hours. A 4-hour candle shut above its 24-hour excessive of $0.01009 may additionally forestall the bearish thesis from taking part in out.
In these extra bullish eventualities, the Popcat value may start climbing to the subsequent main resistance stage at $0.01400. Continued shopping for stress may elevate the altcoin’s worth to as excessive as $0.01910.
Sellers Are Beginning To Take Over On Popcat’s Chart
Technical indicators instructed that the Popcat value could drop within the subsequent 48 hours. The Shifting Common Convergence Divergence (MACD) hinted at a continuation of the crypto’s present short-term bearish development.
Merchants will wish to keep watch over the slope of the MACD Histogram, which is at the moment unfavorable. This could result in an intersection between the MACD and the MACD Sign traces within the upcoming days. Ought to these two traces cross, it’ll set off a big bearish technical flag. It may additionally sign that the unfavorable development will proceed in the following couple of hours.
Along with this, the Relative Energy Index (RSI) is sloped negatively in direction of oversold territory. This could also be indicative of diminishing purchaser energy. If bulls don’t step in quickly, bears could proceed to pull the Popcat value decrease.
Whereas the Popcat value tries to fend off sellers, Sponge V2 is positioning itself to grow to be the subsequent PEPE because it appears to be like to launch off the success of its predecessor.
A Meme Coin Set To 100X
Sponge V2 is a promising meme coin that’s providing traders who missed the 100x returns delivered by Sponge V1 a second likelihood at substantial beneficial properties.
Through the meme coin craze in Might 2023, Sponge V1 unexpectedly reached a $100 million market cap. Given this meteoric rise, some analysts say the meme coin could surpass Pepe this time round.
This success was primarily fueled by a sequence of achievements, together with listings on main exchanges, a fast development in its variety of holders, in addition to the truth that it garnered 30,000 social media followers in only a few days.
The success of Sponge V1 prompted the Sponge workforce to introduce the subsequent 100x alternative, Sponge V2. The new iteration of the challenge is ready to be “bigger and better” than its predecessor. The challenge features a Play-to-earn racing recreation, and there are additionally a number of main listings on the horizon for Sponge V2.
Final Likelihood To Buy Sponge V2 Earlier than Huge Listings
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Time is working out for traders to purchase Sponge V2 earlier than it will get listed on among the largest crypto exchanges globally. Anybody seeking to get in on the challenge earlier than it’s too late has two choices accessible.
The first choice is to purchase and stake Sponge V1 by means of the challenge’s official web site. Choice two is for traders to stake their already-owned Sponge V1 tokens. As soon as the challenge goes reside, traders who staked Sponge V1 will obtain their V2 tokens.
Along with the potential to attain 100x returns with Sponge V2, the challenge additionally features a staking program with a lovely Annual Share Yield (APY) of 378%.
Sponge V2 might be bought right here.
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