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#MarketPullback
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#MarketRebound
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#ReboundRally Popcat (POPCAT) Popcat (POPCAT) price has crashed 70% since the November 17 peak of $2.08. As POPCAT bounces off the $0.64 key support level, the chances of a recovery rally are high. This cat-based meme coin surged 2,600% between March 2024. After getting listing on major exchanges, the uptrend for Popcat has stalled. However, if the previously seen momentum makes a comeback, this meme coin could trigger a massive rally.
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#ReboundRally Dogecoin (DOGE) Dogecoin, the original meme coin, has shot up 350% in the past two months and shows promise of a further increase. With the 30-day MVRV dipping down to -22%, the opportunity, it shows that the short-term holders are capitulating. This is an area where price has previously formed bottoms, leading to a reversal. Furthermore, long-term holders tend to accumulate DOGE from capitulating long-term holders, adding credence to the bottom formation.
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#ReboundRally Pepe Coin (PEPE) Pepe Coin price could be the next good contender to turn $1K to $1M before December 31. Santiment’s supply on exchanges has dropped from 214 trillion tokens to 160 trillion between July 8 and December 25. This 25% decline indicates that investors are getting increasingly confident on PEPE, the frog-based crypto’s performance. Therefore, Pepe, an Ethereum coin, looks ready to shoot higher. If history repeats, PEPE could mirror the 2021 rally and help investors convert $1K to $1M.
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