đ§§POPCAT Shows Bullish Signs Amid Market Sentiment Shiftđ§§
POPCAT, a Solana-based memecoin, is showing signs of a bullish trend despite a significant price decline since December 2024. Recent data indicates strong investor interest, with a notable outflow of $1.69 million worth of $POPCAT from exchanges, suggesting accumulation by long-term holders. Traders are also showing increased interest, with open interest rising by 8.7% and a bullish Long/Short Ratio of 1.126. Technical analysis reveals that $POPCAT has broken out of a consolidation zone, establishing support at $0.70, and could potentially rise by 25% to reach $1.20. Currently trading at $0.86, $POPCAT has seen a 5.35% increase in the past 24 hours, with trading volume up by 7%.
