- Popcat Price Overcomes Negative Trend Line
- Technicals Suggest Popcat Price Could Keep Rising
- Meme Coins Receive Significant Upgrade
The cryptocurrency Popcat’s price surged 11% over the last 24 hours, reaching $1.05 as of 7:12 a.m. EST. This was driven by investor long positions despite recent negative trends.
Popcat Price Overcomes Negative Trend Line
The Popcat price has broken above a short-term negative trend line and is now attempting to flip the resistance level at $1.0861 into support. Overcoming this barrier might give Popcat the room needed to climb to as high as $1.1897 in the next 24 hours. If rejected by the $1.0861 mark, the altcoin could drop back below the aforementioned negative trend line, potentially testing the immediate support at $0.9772.
Technicals Suggest Popcat Price Could Keep Rising
Technical indicators on Popcat’s 4-hour chart suggest that buyers remain in control. The RSI and MACD indicators are signaling a continued rise in value over the next 24 hours. RSI readings have spiked, indicating bullish strength, and the MACD line has crossed above the signal line, suggesting intensified bullish momentum.
Meme Coins Receive Significant Upgrade
The crypto market has seen a flood of meme coins this year, increasing the computational burden on blockchains like Ethereum, TON, and Solana. Pepe Unchained (PEPU) aims to reduce this burden with its layer-2 chain, providing higher transaction speeds and lower costs. Initially focusing on the popular PEPE token, PEPU plans to expand its capacity to other meme coins in the future.
Popcat’s price has significantly risen, overcoming negative trends thanks to technical indicators and strong purchasing activity. Meanwhile, Pepe Unchained offers major improvements for meme coins, potentially benefiting the crypto space in the future.
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