Popcat (POPCAT) Cryptocurrency Price Prediction 2022-2025: Will POPCAT Hit $2 Soon?

Popcat (POPCAT), a memecoin baed in Solana, has gained attention after hitting a new all-time high (ATH), drawing the focus of investors

Memecoin Baed in Solana Hits New ATH, Primed for Price Breakouts

After hitting a new all-time high (ATH), memecoin Popcat (POPCAT) has grabbed the attention of investors, shifting the focus toward its future price breakouts.

In tandem with the increase in volume, POPCAT’s price saw a surge of nearly 20% over the last seven days.

POPCAT’s adopters have been on a bullish rally as the altcoin reaches a new ATH.

Due to the high demand, constant growth, and continuing upward trend, POPCAT cryptocurrency has achieved this milestone.

Price of POPCAT reaches record highs

Setting a new all-time high of $1.47, POPCAT’s price saw a 20% surge and displayed a three-day bullish trend.

With a low correlation of 0.33, the POPCAT cryptocurrency allowed one to ride the bullish wave and go against the market trend.

Based on the daily timeframe, the technical analysis showed an increase in the POPCAT token since the beginning of October.

After securing support at its 20-day moving average (EMA), POPCAT saw a strong push.

This week, the upward movement led to a new ATH.

The memecoin may hit $2 in the coming weeks, judging by the recent price increase.

At the time of writing, the price of POPCAT was up nearly 20% from the past week and was trading at $1.22.

Despite the minor downside, the memecoin managed to secure a market capitalization of $1.20 billion, ranking it as the 59th largest cryptocurrency.

In a post on X, cryptocurrency analyst @AltcoinSherpa stated that POPCAT cryptocurrency has broken out of a range and appears substantial.

In the upcoming sessions, the memecoin may approach $2 if the upward trend continues.

“Once a coin breaks out of the range, you want to see continuation. Ofc this is going to depend on $BTC but I think that $POPCAT still looks strong. Wouldn’t be surprised to see it go to like $2 or something, to be honest,” wrote AltcoinSherpa.

Another encouraging statement was posted on X by @VikinXBT, who noted that the POPCAT token gained traction, while ts market value will soon approach the $2 billion mark.

Moreover, the majority of technical indicators pointed to a bullish position. At the time of publication, the RSI curve peaked at 75, indicating the overbought zone.

It demonstrated an increase in buying pressure and suggested that the uptrend would continue.

Furthermore, the Money Flow Index's (MFI) rising curve suggested that a notable spike in market inflows propels the altcoin's upward trajectory.

The bullish crossover was a replication of the buyer power, as indicated by the MACD indicator.

For the last three months, POPCAT cryptocurrency has been attempting to break out at $1, but it has been largely unsuccessful and stayed close to it.

The barrier could be crossed thanks to a recent surge, and a significant breakout was observed.

Usually, range breakouts result in a one-way rally, therefore the price of POPCAT might soon drive the rally toward the $2 mark.

As of the time of writing, the OI-weighted funding rate was still positive at 0.0138%.

A positive funding rate suggested an increasing demand for long positions.

Similarly, the Open Interest (OI) increased to $190.19 million, up 6.43%.

This indicated a long-term accumulation of activities on the previous day.

There were two levels of immediate support: $1.15 and $1.10.

The Fib extension tool indicated that the upside boundaries were $1.30 and $1.38 at the same time.

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