According to a report by CoinNess, as of 7:20 am Eastern Time, the price of Popcat has risen by 68% in the past week and 9% in the past 24 hours, reaching $0.4745. However, the trading volume has decreased by 11% to $74 million. CoinMarketCap data shows that the recent injection has helped Popcat become the meme coin with the highest weekly increase among the top 100 coins by market capitalization.
After falling from a resistance level of $0.7254, the price of Popcat is rebounding. The bull market found strong support at $0.2371, pushing the price back above the bearish channel of $0.5480 resistance. Despite a slight decline, the bulls have shown resilience, pushing the price up to $0.4828, indicating a continued upward trend.
Technical indicators paint an optimistic picture for POPCATUSD. The price is trading above the 50-day simple moving average, indicating a potential upward trend and reinforcing positive market sentiment. The MACD is also bullish below the neutral level, with the blue average line crossing the orange signal line. The green histogram is also above the neutral line, indicating growing investor interest. Additionally, the relative strength index (RSI) has rebounded below the midpoint to 62, suggesting strong buying pressure for Popcat.
The bulls are preparing to continue the current upward trend, with potential momentum pushing the POPCAT price to the previous resistance level of $0.7254. If this upward trend continues, it could push the price to the significant milestone of $1, signifying a significant recovery in its market capitalization. However, if it fails to overcome this crucial resistance, it may face a decline, with the $0.4891 level becoming a key support point.
Meanwhile, as the price of Popcat soars, the presale funds of WienerAI (WAI) are also skyrocketing to $6.5 million. We have just raised $6 million.
