The Solana-based meme coin, POPCAT, has experienced a significant price surge of over 40% in the past 24 hours, leading to a shift in market sentiment towards bullish. This surge has resulted in notable participation from traders and investors, with a 38% increase in trading volume. The coin has formed a bullish long-falling wedge pattern and is on the verge of a breakout. If it can sustain these gains and close above $0.40, there is a strong possibility of an 80% increase to reach $0.70 and potentially beyond. However, some whales and long-term holders have been selling their holdings, potentially causing selling pressure and further price drops.



Other News from Today