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Cryptocurrency News Articles
Popcat (POPCAT) Leads Meme Coin Rally, Records 24-Hour Spike of 10.5% to Hit New ATH of $1.67
Oct 24, 2024 at 08:37 pm
Popcat (POPCAT) is among the top gaining coins in the top 100 by market cap. This comes as Popcat price recorded a 24-hour spike of over 10.5%
Meme Coin News Popcat (POPCAT) Price Surges Past $1.6 Setting a New All-Time High
This article is about Popcat (POPCAT) which saw its price rally by more than 10.5% during the last 24 hours to hit a new all-time high (ATH) at $1.67. The cat-themed Solana meme coin has surged by 24% in the past week and 69% over the last 30 days.
Having hovered around $0.88 on Sept. 24, Popcat gained momentum following its listing on Kraken. From the Asian hours, the bulls pushed higher, breaking from lows of $1.33 to hit the new ATH. The upside occurred within a rising channel pattern, with the retest of the upper trendline and breakout seeing it rise to a new all-time high.
Popcat (POPCAT) Price Analysis
Overall, Popcat's gains have coincided with a broader meme coin market rally, with several tokens posting double-digit gains.
Among the tokens rallying as the crypto market targets fresh momentum are Dogecoin, dogwifhat and Shiba Inu; however, standout performers include Popcat.
In the past 24 hours, the token's market cap surpassed that of Floki and Bonk before the former reclaimed the upper hand amid profit taking for POPCAT.
According to CoinGecko data, the meme coins are currently valued at $1.55 billion and $1.50 billion for Bonk and Popcat, respectively. At the same time, Floki, which has struggled in the past month, gaining by only 6% at the time of writing, has a market cap of $1.39 billion.
In the 4-hour chart above, the POPCAT/USDT pair is likely to revisit the channel’s upper trendline for support. Success could allow bulls to push higher amid price discovery, especially if market conditions provide the tailwinds bulls target.
However, a breakdown beyond $1.51 could push POPCAT to primary support at $1.36.
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