Popcat Value Prediction as POPCAT/USDT Perpetual Futures Trading Goes Live on OKX

The Popcat value plunged 10% within the final 24 hours to commerce at $0.6271 as of 4.40 a.m. EST on buying and selling quantity that surged 5% to $113.3 million.

The Popcat (POPCAT) value noticed a slight drop on the 24-hour chart as a brand new bearish wave hit the crypto market on Monday evening. Nonetheless, the meme coin continues to point out indicators of getting ready for one more rally.

The Popcat value noticed a decline of 10% on the 24-hour chart to commerce at $0.6271 as of 4.40 a.m. EST on buying and selling quantity that surged 5% to $113.3 million. In the meantime, the crypto noticed good points of 2.5% on the weekly chart, however remained down by 40.2% over the final 30 days.

The meme coin noticed a rally final evening after one of many largest crypto exchanges, OKX, introduced that it added new futures for the POPCAT/USDT pair. OKX introduced that the perpetual futures buying and selling went stay on its platform.

? New Futures Alert $POPCAT/USDT @POPCATSOLANA Perpetual Futures buying and selling is LIVE on #OKX!

Commerce now: https://t.co/EJ79pJLTF6 pic.twitter.com/4bJzKq6881

— OKX (@okx) August 29, 2024

Merchants appeared to have reacted positively to the information and drove Popcat’s value up on Monday. Nonetheless, the crypto market noticed a brand new bearish wave which unfold shortly.

The bearish sentiment didn’t final for lengthy, and it’s already letting go as most cryptos commerce within the inexperienced on an hourly foundation on the time of writing. Nonetheless, the bearish wave was sturdy sufficient to push Popcat’s value down by 10% on the 24-hour chart.

Shifting ahead, nevertheless, there are causes to be optimistic concerning the meme coin’s value.

Popcat Value Prediction

POPCAT’s value is more likely to see a powerful rally within the coming hours. A doable motive for this potential rally is the present shift in market sentiment, because the bulls slowly begin to declare again the market from the bears.

POPCAT’s itemizing on OKX may additionally contribute and push the token’s value additional up than it will go if it relied on market sentiment alone.

The challenge’s Bollinger Bands are displaying indicators of widening, with the value at the moment fluctuating between the center level between the higher and decrease bands. It is a bullish signal, and so is the truth that the hole between the bands is increasing.

There may be additionally the challenge’s Relative Power Index (RSI) — a metric that reveals whether or not merchants are shopping for or promoting an asset. POPCAT’s RSI worth has been rising over the previous 9 hours, heading from the worth of 19.12, deep within the oversold zone, towards the impartial space, after which additional up towards the overbought zone.

The previous few hours have seen the RSI fluctuate between the impartial worth of fifty and 65, which reveals that there’s nonetheless wrestle and uncertainty. Not many merchants are prepared to attend for the value to go additional up, and are simply taking revenue as quickly because the RSI comes near the worth of 70, which is the place the overbought zone begins.

This, in flip, means that many count on one other drop to start out within the close to future, which isn’t an amazing begin to a powerful restoration. With that being the case, merchants are suggested to be cautious, because the POPCAT value might right as soon once more if others resolve that the restoration might be a fast one, and promote their POPCAT tokens.

Those that are prepared to HODL would possibly but see the token’s value improve again to the resistance at $0.65 and doubtlessly go additional up.

Promising Various To Popcat

Those that are usually not prepared to take the danger and follow Popcat throughout extremely risky occasions have another choice. A special path to discover could be to contemplate shopping for Base Dawgz (DAWGZ) — a brand new model meme coin that simply accomplished its ICO a number of days in the past.

The $DAWGZ presale has ended!

You might be nonetheless capable of purchase the token at itemizing value in case you so want. Please keep tuned for more information.

DEX launch date: 4 September 2024, 5pm CET ? pic.twitter.com/B9gFx6Yju6

— Base Dawgz (@BaseDawgz) August 28, 2024

The token continues to be ready for its first DEX itemizing, which is scheduled to happen in about 5 days. Till then, Base Dawgz offers buyers the prospect proceed shopping for its DAWGZ token, which is at the moment promoting

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