POPCAT, a meme coin on the Solana blockchain, is trading at $1.34 with an 11% increase in the past day, approaching its all-time high of $1.55 reached earlier this month.
The coin's price remains above the Ichimoku Cloud on the one-day chart since September 1, signaling a bullish trend supported by strong market sentiment.
The current price also sits above the 20-day EMA and 50-day SMA, indicating upward momentum as long as demand persists, with these moving averages offering support.
If bullish momentum continues, POPCAT could reclaim its $1.55 high, assuming it sustains or grows beyond current support levels of $1.28.
However, a shift to bearish sentiment could see it test the $1 support and potentially decline further if support fails.
