CandleFocus This Solana Memecoin Climbs 36%, On The Verge Of Reaching $1 And Record Highs
2024-09-20
Author: Content Editor
The news article discusses the recent surge in popularity of memecoins, particularly Solana-based tokens, following the announcement of interest rate cuts by the Federal Reserve. Popcat (POPCAT) is highlighted as a standout performer, experiencing a 36% spike in just 24 hours, bringing it close to its all-time high. The article also mentions the 10% surge in Solana and renewed confidence in tokens built on its network. However, it notes that Popcat encountered resistance at certain price levels, which could hinder its progress. The article emphasizes the importance of monitoring support levels and warns of a potential correction if the price falls below certain thresholds.
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