Popcat hits new ATH
POPCAT, a memecoin on Solana, hit a new record high of $1.67 today, after a steady rise throughout October. This is the memecoin’s third ATH of the month, cementing its strong bullish momentum. The steady price increase has attracted investors’ attention, fueling confidence in its short-term growth potential.
Many investors are optimistic that POPCAT can break above $2, provided that holders are patient and avoid taking profits too early. For the price to continue moving upwards, there needs to be persistent faith in the coin, as profit-taking could weaken its uptrend.
POPCAT Price Analysis | Source: TradingView
However, if selling begins, POPCAT could experience a significant pullback. With the next major support level at $1, a sell-off could erase much of the recent gains, potentially invalidating the current bullish outlook and leading to further market volatility.
cat in a dogs world (MEW) sets new ATH
Cat in a Dogs World (MEW) has hit a new ATH of $0.0106, marking its fourth high in the past 14 days. The cat-themed memecoin is continuing its uptrend, which has attracted significant investor interest. This bullish streak highlights MEW’s growth momentum, making it one of the best performing coins in the memecoin market.
Over the past 24 hours, MEW has increased by 10%, preventing a drop below $0.009. This upward move provides investors with an opportunity to profit as the coin continues its upward trajectory. The $0.009 support level remains crucial to sustain the current bullish momentum.
MEW Price Analysis | Source: TradingView
However, like POPCAT, MEW faces the risk of profit-taking by investors. If a broad sell-off occurs, it could wipe out recent gains and invalidate the current bullish outlook.
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