Smart capital inflows propel POPCAT's cost by 15%, suggesting a bullish trend boosting the cryptocurrency toward its anticipated $0.70 mark.
Hear ye, hear ye!
POPCAT, the infamous meme coin, has been on a roll this past day, surging an astounding 15% and trading at a whopping $0.45. Seems like smart money is wise to it, withPOPCAT being the most coveted token in the past 24 hours by the mysterious smart money wallets, as tracked by the heaven-sent stalking platform, Stalkchain.
Today's skyrocket is just the cherry on top of the massive breakout rally that went down on Apr. 24, when the price closed above the spiky resistance of a since-February consolidation range at $0.34. This range had support around the humble $0.20 and saw the occasional dip into the underbelly between $0.12 and $0.14.
The breakout on April 24 catapulted the price to a daily close of $0.39, followed by a stormy rally the day after, reaching an intraday high of $0.45. Since then, the price has been as volatile as bat-shit crazy, gulping air and closing mightily above $0.45 yesterday, propelling POPCAT to a grand total gain of approximately 32%.
Looking ahead, our friends in FARTCOIN and VIRTUAL, the reigning king and queen of AI agents in the meme coin kingdom, have been making waves but not quite at the level of POPCAT. FARTCOIN and VIRTUAL have been holding steady above both their 20-day EMA and 50-day SMA for a while now, with a bullish crossover, where the EMA20 crossed above the SMA50, happening on Apr. 11. This crossover coincided with the formation of the first higher high since the November ATH of $2.07 for FARTCOIN.
Moving forward, the next immediate resistance for POPCAT is the psychological level at the sweet $0.50. A clean break above this threshold could open the path to the reclusive $0.70, a forbidden zone where the price experienced major rejection in mid-Jan, and that also served as a cozy support in late December through early January.
As for VIRTUAL, a much-needed awakening is underway as post-breakout momentum builds, with eyes set on the smokin' $4.
And there you have it! The turbulent, pulsating latest on these meme coin juggernauts. Remember, like with any investment, 'tis always best to proceed with caution and do your own research. Happy hodling!
- The surge in POPCAT's price has attracted the attention of smart money wallets, as revealed by the tracking platform Stalkchain.
- POPCAT's recent breakout rally coincided with a daily close above a resistance of $0.34 on Apr. 24.
- The Tron-based token XRP also saw a significant surge, mightily closing above $0.45 yesterday.
- Some crypto investors may be looking to diversify their portfolios with tokens like TRON, XRP, and POPCAT due to the potential for high returns.
- The recent bullish crossover of FARTCOIN's 20-day EMA and 50-day SMA coincided with the formation of the first higher high since its November ATH.
- The next resistance for POPCAT is the psychological level at $0.50, while VIRTUAL aims for the smokin' $4 as it awakens from its slumber.
- In the world of finance and investing, technology plays a crucial role in the tracking and analysis of cryptocurrencies, enabling individuals to make informed decisions in the ever-evolving crypto market.
