The popular meme coin, POPCAT, which is based on the Solana blockchain, is showing bullish signals in its on-chain metrics. The coin has experienced a significant price surge of over 40% and is currently trading near $0.963. Its trading volume has increased by 130% in the past 24 hours. Technical analysis suggests that POPCAT is facing strong resistance at $1, but the sentiment has changed and there is a high possibility of a significant upside rally. On-chain metrics, such as the Long/Short ratio and increasing future open interest, indicate a bullish trend for the coin. Currently, 51% of top traders hold long positions, further supporting the positive outlook.



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