{"id":778,"date":"2024-10-19T08:00:16","date_gmt":"2024-10-19T08:00:16","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/popcat-nears-breakout-towards-new-ath-but-analysts-warn-of-possible-correction\/"},"modified":"2024-10-19T08:00:16","modified_gmt":"2024-10-19T08:00:16","slug":"popcat-nears-breakout-towards-new-ath-but-analysts-warn-of-possible-correction","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/popcat-nears-breakout-towards-new-ath-but-analysts-warn-of-possible-correction\/","title":{"rendered":"POPCAT Nears Breakout Towards New ATH, But Analysts Warn Of Possible Correction"},"content":{"rendered":"

Multiple market watchers suggest that memecoin sensation Popcat (POPCAT) is about to rally towards a new all-time high (ATH). As the token attempts to reclaim key resistance levels, some analysts warn the cat-themed memecoin could see a correction soon toward its monthly opening.<\/p>\n

Popcat Retest $1.4 Resistance Level<\/h2>\n

Memecoin sensation Popcat has been one of the best-performing cryptocurrencies over the past three months. Despite the market retraces, the token outperformed most cryptocurrencies, becoming the first cat-themed memecoin to achieve a $1 billion market capitalization.<\/p>\n

In the last 30 days, Popcat has seen a 108% surge, hitting three new ATHs since breaking the $1 barrier. After reaching its latest ATH of $1.56 a week ago, the cryptocurrency has been on a 7-day downtrend.<\/p>\n

The memecoin unsuccessfully attempted to break above the trendline earlier this week, facing a correction toward the $1.2 support level. Popcat bounced 16.6% from this zone on Thursday, propelling the token\u2019s surge toward the $1.3 resistance level.<\/p>\n

On the last day, the cryptocurrency retested the trendline twice after surpassing the $1.4 mark. A successful reclaim of this zone could propel the price toward a new ATH.<\/p>\n

A market watcher considers that if Bitcoin\u2019s price holds, Popcat should successfully break<\/a> this level by next week. It’s worth noting that the cat-themed token followed BTC\u2019s lead on Friday morning, surging 2.4% as the flagship cryptocurrency neared the $69,000 mark.<\/p>\n

Is A Correction Looming?<\/h2>\n

Crypto analyst Sanchez noted<\/a> that the memecoin\u2019s price was \u201crunning flat\u201d in the four-chart on Friday morning. To the analyst, the cat-themed token\u2019s performance \u201clooked good\u201d for another leg up but suggested the possibility of another correction ahead of the breakout.<\/p>\n

\n

Ideally, we get a good reaction around ~1.29 to make the C more complete, and the cat starts popping again<\/p>\n<\/blockquote>\n

A drop from the $1.3 mark could send Popcat\u2019s price toward the $1.1-$1.0 mark. Trader Crypto Tony suggested that the cryptocurrency could see a retest of the monthly opening of around $1.01 in case of a rejection.<\/p>\n

Despite the correction forecast, the memecoin has seen a 7% increase in the last 24 hours, trading 8.7% below its ATH. Popcat reclaimed the $1.3 mark and is attempting to confirm the breakout and regain the $1.4 resistance level.<\/p>\n

Analyst CryptoGodJohn stated<\/a> that the cryptocurrency \u201clooks like it wants new ATHs and beyond this weekend\u201d following its recent performance. Additionally, crypto trader Bluntz noted<\/a> that Popcat\u2019s price could achieve a 30% surge toward a new all-time high.<\/p>\n

To Bluntz, a rise toward the $1.7 mark might be coming short-term after \u201cgetting real close to a biddable level\u201d this week, but \u201cwould like to see one more sweep.\u201d<\/p>\n

As of this writing, Popcat trades at $1.41, an 8.3% surge in the weekly timeframe.<\/p>\n

\"POPCAT,<\/p>\n","protected":false},"excerpt":{"rendered":"

Multiple market watchers suggest that memecoin sensation Popcat (POPCAT) is about to rally towards a new all-time high (ATH). As the token attempts to reclaim key resistance levels, some analysts warn the cat-themed memecoin could see a correction soon toward its monthly opening. Popcat Retest $1.4 Resistance Level Memecoin sensation Popcat has been one of…<\/p>\n","protected":false},"author":1,"featured_media":779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[56,61,531,532,533,85,281,33,261,534,282,535,536,537],"class_list":["post-778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-bitcoin","tag-btc","tag-cat-themed-memcoin","tag-cat-themed-token","tag-crypt-analyst","tag-crypto-market","tag-crypto-trader","tag-cryptocurrency-market-news","tag-memecoin","tag-memecoin-sensation","tag-popcat","tag-popcat-price","tag-popcatusdt","tag-solana-memecoin"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=778"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/779"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}