Solana-based meme coin Popcat has surged by 13% within the last day, outperforming other popular meme coins such as Shiba Inu and PEPE, which showed gains of 9% and 8%, respectively. The current trading value of Popcat stands at an all-time high of $1.74, displaying strong positive momentum.
Analytical metrics such as the Moving Average Convergence/Divergence (MACD) reinforce a bullish outlook, with the MACD line positioned above both the signal line and zero line, indicating continued upward price potential. The Aroon Up Line at 100% further underscores a solid uptrend.
Further bullish signs are visible as Popcat's price is likely to extend its rally if the bullish momentum persists, potentially exceeding its current high. The Parabolic Stop and Reverse (SAR) indicator shows bullish market dominance, suggesting that investors should maintain long positions.
However, if profit-taking occurs, the price could correct, with support potentially forming at $1.42. Should this level break, the meme coin’s value might decline towards $1.17, indicating a substantial potential downtrend.
