Popcat Shows Significant Growth
Popcat has risen by 4.67% over the past 24 hours as buyers regained control of the market. This memecoin has started to recover after significant losses, showing signs of a bullish trend.
Over the past three days, its price surged from a local low of $0.39 to a high of $0.63. At the time of writing, Popcat was trading at $0.5762, marking a daily increase of 4.67%. This positive development is a turnaround after a monthly decline of 26.02%.

With the recent price pump, market sentiment is shifting. Popcat's weighted sentiment turned positive for the first time in seven days, signaling renewed investor confidence and bullish momentum.
What Popcat's Charts Reveal
Popcat appears to have reached its local bottom, allowing new buyers to enter the market. This fresh buying pressure has strengthened the uptrend, while the previous downtrend is losing steam.

For example, Popcat's Relative Strength Index (RSI) has shown a bullish crossover, indicating that buyers now outnumber sellers. This increase in buying activity has led to higher gains and reinforced the upward momentum. Another bullish crossover was observed on the Stoch RSI, further confirming the ongoing bullish trend.

Popcat's spot flow turned negative after four days, meaning investors are moving their tokens from exchanges to private wallets or cold storage. When outflows exceed inflows, it signals increased accumulation by investors, further boosting confidence in future growth.

Additionally, Popcat's funding rate remained positive across all major exchanges, according to Coinalyze. This positive funding rate reflects strong demand for long positions, indicating investor optimism about future price increases.
Key Levels and Potential Development
Popcat is currently at a critical level. If the bullish sentiment persists, Popcat could retest the $0.6 mark and then face its next resistance at $0.9.
However, if the recent growth fails and the market experiences a pullback, Popcat could drop to $0.52. It is crucial for the memecoin to hold above the $0.5 level to maintain its bullish outlook. Otherwise, further declines to $0.47 are possible.
Summary
Popcat is currently benefiting from renewed buying pressure and improved market sentiment. However, failing to hold key levels could push the memecoin back into a bearish trend. Maintaining a price above $0.5 is vital for continued growth and a potential breakout to $0.9.

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