CandleFocus

Popcat (POPCAT) Could Hit $1, Here’s Why

Author: Content Editor
POPCAT, a Solana-based cryptocurrency, has experienced a price surge of over 10% in the last 24 hours, outperforming other meme coins like DOGE, SHIB, and PEPE. It is projected to potentially reach $1 if it closes a daily candle above the $0.80 level. The coin's future open interest has also increased by 10% in the last 24 hours and 4% in the past four hours. Technical analysis suggests a bullish outlook for POPCAT due to the formation of a cup-and-handle price action pattern. The coin's on-chain metrics, such as a Long/Short ratio above 1 and rising open interest, further support this bullish sentiment. However, the bullish thesis will only hold if POPCAT successfully closes above the $0.80 level.

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