POPCAT, a meme coin on Solana, recently faced significant volatility with an 11% price dip over 24 hours. This event follows a month of rapid price changes, including reaching a new all-time high.
The coin is exhibiting a bearish trend, with technical indicators like the RSI signaling potential further declines. The broader cryptocurrency market's uncertain conditions and external factors could also impact POPCAT's trajectory.
Despite current setbacks, some traders remain hopeful due to a positive funding rate, indicating strong buying interest. However, mixed market sentiment poses risks, and cooling trends could lead to swift corrections.
POPCAT's price recently declined by 11.4% in 24 hours, but it remains above $1.21 after failing to secure $1.49 as support. Maintaining current support levels could enable a future uptrend.
If the coin breaches $1.49, it might reach $1.74, suggesting a bullish breakout. Conversely, a fall below $1.21 could lead to further drawbacks, moving towards $1.00 support.
