In the last 24 hours, Popcat (POPCAT) price surged by 17%, trading at $1.14 as of 6:20 p.m. EST. This increase is attributed to a 2% rise in trading volume to $131 million.

Current Popcat Price Dynamics

This rise in Popcat's price follows a prediction by crypto analyst Altcoin Sherpa, who anticipated a significant increase in the value of the meme coin within a week or even just days. In his post on X, 'you have less than 1 week before POPCAT breaks to the upside, potentially even just days.'

Technical Indicator Analysis

POPCAT's price action indicates resistance at $1.14, where the price previously struggled to advance. According to GeckoTerminal data, a major support level lies around $0.95, having been tested multiple times before. After breaking resistance, the price moved higher, forming a new potential support near this zone. Bollinger Bands indicators suggest a continuation of the bullish trend if the price holds above the support level at $1.05. Positive momentum from MACD and RSI supports a bullish bias, although a pullback might occur before a rally.

Forecasts and Possible Scenarios

If bullish momentum continues above the support level, bulls could target a higher resistance of $1.27. Conversely, if the support zone weakens, bears might drive the price back to the previous support at $0.95.

POPCAT shows significant price growth amid increased trading activity and positive analyst predictions. Technical indicators suggest a potential continuation of the bullish trend, but monitoring support and resistance levels remains crucial.