Why Popcat (POPCAT) May Stall Before Reaching $2 📉
Popcat (POPCAT), a meme coin on the Solana blockchain, recently surged in value by 89%, reaching $1.37. However, concerns have arisen about the sustainability of this rally due to indicators showing weakening demand.
The Chaikin Money Flow (CMF) indicator has shown a decline, signaling a bearish divergence. This suggests that the rising prices may not be supported by strong incoming funds, leading to potential instability in the coin’s current momentum.
Additionally, the Bollinger Bands indicator indicates increased market volatility, which may lead to significant price corrections. When Popcat briefly traded above the upper Bollinger Band, it was a sign of being overbought, hinting at an imminent pullback.
Predictions suggest that if the current selling pressure continues, Popcat might experience a drop of up to 34%, potentially lowering its value to around $0.90. However, renewed buyer interest could push it back towards its peak of $1.55 and beyond.
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POPCAT Outperforms Top Meme Coins, Reaches New All-Time High
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POPCAT Open Interest jumps by 29% – Bullish sentiment on the rise?
POPCAT falls by 10% as liquidity suffers – New ATH still within reach?
POPCAT Could Hit $1.7 as On-Chain Data Signals Strength
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POPCAT bounces back as traders shy away from overheated DOGE: What now?
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POPCAT Aims for 30% Rally, 1:4 Risk-Reward Opportunity
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Popcat up 23% in 3 days, targets THIS price level next
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