POPCAT, a popular memecoin, witnessed a significant rise of 11% in the last 24 hours, climbing to a price range of $1.34 to $1.37. This movement marked a rebound, although it still trades below its previous all-time high of $1.50 to $1.55.
In contrast, another well-known memecoin, Dogecoin (DOGE), experienced a modest 2% increase over the same period. Market observers noted that technical indicators for POPCAT are showing continued strength.
During the recent market dip, $4 million worth of POPCAT tokens were withdrawn from exchanges, highlighting the token's resilience. The cryptocurrency has maintained a position above the Ichimoku Cloud indicator since September 1, further emphasizing its steady performance.
Overall, despite the volatile nature of memecoin markets, POPCAT's recent movements and technical outlook suggest an ongoing shift in its market dynamics.