CandleFocus POPCAT Price Slips Below $0.65, 50% Crash Imminent?
2025-01-08
Author: Content Editor
The Solana-based meme coin, Popcat (POPCAT), has lost momentum and is projected to experience a significant price decline in the near future due to the ongoing market crash. The cryptocurrency market as a whole is facing price declines, including popular assets like Bitcoin and Ethereum. Popcat failed to hold the important support level of $0.70 and is currently trading below $0.65, marking a 17.5% decrease in the past 24 hours. This has led investors and traders to either sell off their positions or build short positions, resulting in a 22% increase in trading volume. Technical analysis suggests that the price could drop by 50%, reaching $0.315, as there is no significant support in between. Long-term holders have raised concerns and there has been a notable sell-off on exchanges, with over $1 million worth of POPCAT being moved from wallets to exchanges, potentially leading to further price declines.
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