#POPCAT💰 became the top performer of the day, driven by improved community sentiment and a significant increase in interest in the futures market.

Over the past 24 hours, Popcat (POPCAT) surged by 13.6% and is currently trading at $1.37. Its price has also risen by 90.5% over the past 30 days, with market capitalization reaching $1.33 billion. A 24-hour trading volume of $151.8 million confirms the growing interest.

According to CoinMarketCap, the broader crypto community remains mostly bullish on Popcat’s future prospects.

Increase in Open Interest for Futures

The price rise of POPCAT coincided with an increase in open interest for futures. According to data from CoinGlass, open interest for the futures market increased by 21% in the past 24 hours, indicating growing interest among traders in meme coins.

The number of Popcat holders also surpassed 80,000, a sign of growing community participation and investor confidence.

Technical Analysis and Expected Growth

On the 1D chart of POPCAT/USDT, the meme coin’s price is currently above the middle Bollinger band, suggesting the potential continuation of a bullish trend. The Relative Strength Index (#RSI ) has fallen from overbought levels since October 12th and is currently at 60, indicating that there is still room for more gains before hitting the overbought zone again.

Expected Price Targets

Analysts remain optimistic about Popcat. According to analyst Trading Tank, POPCAT is currently heading toward strong resistance at $1.54, which is its all-time high. This level also forms the neckline of a bullish double bottom price pattern.

If POPCAT breaks this neckline, there is a strong possibility that the meme coin could reach a new high in the short term.

Additional Potential Price Targets

Analysts have identified further potential price targets. They estimate that POPCAT may face resistance at $1.9250, and if the bulls manage to overcome this level, the next targets could be $2.3850 and $3.310 USD.

More Optimistic Predictions

Some analysts are even more optimistic. In a post on X from October 17th, Trade4ddict suggested that Popcat could continue its rise to $4, given its recent breakthrough above the $1 resistance level. Analyst Murad shared a similar view, predicting that POPCAT could reach $5 to $6.

#memecoin🚀🚀🚀 , #MemeCommunity , #CryptoNews🚀🔥

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