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
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<\/a> 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<\/a>.<\/p>\n A market watcher considers that if Bitcoin\u2019s price holds, Popcat should successfully break<\/a> this level by next week. It\u2019s 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 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 Ideally, we get a good reaction around ~1.29 to make the C more complete, and the cat starts popping again<\/p>\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<\/a>.<\/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>","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":0,"featured_media":15000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14999"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14999"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/15000"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Is A Correction Looming?<\/h2>\n