Popcat (SOL) has surged by 16.41% over the past 24 hours, hitting a new all-time high of $1.49 after rebounding from an intraday low of $1.28. This growth is part of a broader improvement in the global crypto market, which has increased by 2.46%, bringing the total market value to $2.19 trillion.
Bitcoin (#BTCâ ) has recovered to the $62.5k level with a 4% increase, while most altcoins are following a similar upward trend. Meme coins, including Dogecoin (#doge⥠) and #shiba⥠Inu ( SHIB ), have also posted significant gains ranging from 4% to 10%. However, the spotlight has been on #popcat (SOL), which has surged by over 16%, reaching a new all-time high of $1.49.
Popcat (SOL) Strengthens Its Position Among Meme Coins
With this growth, Popcat has jumped to the 6th position among the largest meme coins, surpassing FLOKI.
Popcat (SOL) Shows Bullish Trend Despite Market Volatility
Since October 7th, Popcat (SOL) has been trading in a highly volatile environment, with its price fluctuating around various levels. While the week began with the token priced at $1.21, it quickly reached a historical high of $1.47, followed by a drop to a weekly low of $1.11. However, the token has since regained strength, hitting a new all-time high of $1.49. Although Popcat's price has slightly dipped, it remains strong above the $1.40 mark.
Currently, Popcat (SOL) is trading at $1.44, with a market capitalization of $1.40 billion. The 24-hour trading volume has risen by approximately 16% to $169.40 million, reflecting strong trader activity capitalizing on price movements to secure profits.
Technical Analysis Suggests Further Growth Potential
From a technical standpoint, Popcat (SOL) is in a bullish trend and may have more room to grow. The Relative Strength Index (RSI) is at 65, indicating a balance between buying and selling pressure. The MACD indicator points to upward momentum, which could push the price higher to $1.50 or even $1.53. However, if growth momentum slows, the token's price could fall back to the $1.40 level or even $1.24.
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