The Popcat price surged 19% in the last 24 hours to trade at $1.4484 as of 03:09 a.m. EST on trading volume that skyrocketed 105% to $155 million.
Popcat Price On A Sustained Bullish Rally
According to data from GeckoTerminal , the Popcat price has been in a consolidation phase. From September 25, it was trading in a sideways pattern, within the $1.0 range. The bulls then pushed the price of Popcat through a markup phase, forming a parabolic curve, which suggests a continued bullish trend.
POPCAT now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which indicates that its price is still bullish.
The Relative Strength Index (RSI), currently at 75.79, suggests that the asset is in overbought territory. This could mean a pullback is possible, but in strong, bullish trends, the RSI can stay overbought for extended periods.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), confirming a bullish crossover with upward momentum. The green bars on the histogram also extend above the neutral line, which suggests that Popcat is currently on a positive momentum.
POPCATUSD Chart Analysis Source: GeckoTerminal.com
Popcat Price Prediction
According to the POPCAT/USD chart analysis, indicators show that the price is currently on sustained bullish momentum, which the bulls aim to sustain in the coming days. The price has broken out of a consolidation range, and all indicators (RSI, MACD, and MAs) confirm strong bullish momentum.
If the momentum continues, the bulls may propel the price of Popcat even further. They currently aim to push the POPCAT price above the $1.80 resistance.
The RSI is currently at 75.79, which is in the overbought zone. While this is a sign of strength, overbought conditions can lead to short-term pullbacks or consolidation periods. Additionally, after a strong upward move, assets often pull back to retest previous support levels, which in this case could be around the $1.0 level (the recent breakout zone).
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