Popcat (#POPCAT), which stands out in the super memecoin cycle, has surged by around 40 percent in the past month.
In the super memecoin cycle that started with Dogecoin (DOGE) reaching the $0.40 area, popular memecoins on the Solana blockchain have been gaining momentum.
POPCAT, the Solana ecosystem’s cat memecoin, has seen significant gains in November. POPCAT, which is also listed on Binance Futures, surged to $2 on October 13, hitting an all-time high. In fact, POPCAT dropped to $1.67 two days after breaking the record.
AMBCrypto made some amazing comments about POPCAT in a graphical analysis they published.
POPCAT Price Analysis
After dogs and frogs in the Memcoin Super Cycle, cat-themed tokens have also started to gain attention. POPCAT, along with MOG and MEW, have attracted a lot of attention.
According to AMBCrypto analysis, POPCAT price has been in an upward trend in recent days. POPCAT has dominated the 50-day moving average (EMA) and 100-day EMA.
The analysis stated that POPCAT, which rose above $2 on November 13, could drop to $1.7 if it fails to hold on to $1.99. POPCAT also fell below the support level, which raised concerns.
The analysis included the following statements:
“A break below the 50-day moving average could weaken the bullish momentum and the popular memecoin could drop to $1.2.”
Cryptocurrency analyst Murad has suggested that POPCAT will reach $5 despite recent declines. Murad noted the following;
We expect POPCAT to rise sharply in the coming weeks.
