Is Solana's popular memecoin POPCAT on the decline?

Popcat (#POPCAT ), which stands out in the super memecoin cycle, has increased by nearly 40 percent in the last month.

In the super memecoin cycle that started with Dogecoin (DOGE) reaching the $ 0.40 region, the popular memecoins of the Solana blockchain gained momentum.

POPCAT, the cat memecoin of the Solana ecosystem, achieved significant increases in November. POPCAT, which is also listed on Binance's futures, rose to $ 2 on October 13, reaching an all-time high. In fact, POPCAT fell to $ 1.67 two days after breaking the record.

AMBCrypto made striking comments about POPCAT in a graphic analysis it published.

POPCAT price analysis

After dogs and frogs in the super memecoin cycle, cat-themed tokens also started to attract attention. POPCAT, along with MOG and MEW, attracted a lot of attention.

According to AMBCrypto’s analysis, the POPCAT price has been in an uptrend in recent days. POPCAT has dominated the 50-day moving average (EMA) and the 100 EMA.

The analysis stated that POPCAT, which rose above $ 2 on November 13, could fall to $ 1.7 if it could not hold on to $ 1.99. POPCAT also fell below the support level, creating anxiety.

The analysis included the following statements;

“A drop below the 50 EMA could weaken the bullish momentum and the popular memecoin could fall to $ 1.2.”

Crypto analyst Murad suggested that POPCAT would reach $ 5 despite the recent declines. Murad noted the following;

“We expect POPCAT to go ballistic in the coming weeks.”