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Popcat (POPCAT) Outpaces the Market Amid Major Cryptocurrency Declines

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2 hours ago

Amid general market pressure, meme coin Popcat showcases significant growth, outpacing major cryptocurrencies.

Current Price Momentum

According to CoinMarketCap data, POPCAT is currently trading near $1.37 and has experienced a price surge of over 13% in the past 24 hours. This increase comes amid declines in major cryptocurrencies like BTC, ETH, and SOL.

POPCAT Technical Analysis and Upcoming Levels

POPCAT is attracting attention from traders and investors with its trading volume notably rising. Meanwhile, the trading volumes of major cryptocurrencies like BTC and ETH have fallen by 25% and 35% respectively.

Expert technical analysis suggests that POPCAT is moving towards a strong resistance level at $1.50. If it breaks this level and sustains above $1.60, it could indicate further rallies for the meme coin.

If POPCAT breaks the key resistance level, further substantial gains could be anticipated.

Bullish On-chain Metrics

POPCAT's positive outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, POPCAT's long/short ratio is at 1.099, indicating strong bullish sentiment among traders. Its trading volume also rose by 15% over the last 24 hours.

Despite overall market pressure, POPCAT shows robust growth due to a combination of technical and on-chain metrics, making it one of the most talked-about assets currently.

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