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The Popcat worth surged greater than 34% over the previous 24 hours to commerce at $0.007554 as of 9:00 am EST as traders pounced on the Solana meme coin.
The Popcat Worth Pulls Again As Merchants Start To Take Revenue
4-hour chart for POPCAT/USDC (Supply: TradingView)
The Popcat worth is resting on the 9 Exponential Shifting Common (EMA) line. That is after it underwent a correction following its excessive of $0.01009 at this time. On account of this pull again, a double prime sample has shaped on the cryptocurrency’s 4-hour chart.
If the Popcat worth falls under the 9 EMA line, it might break under the neckline of the chart sample at round $0.005 quickly. This bearish thesis may very well be invalidated if the meme coin is ready to keep above the 9 EMA line for the subsequent 24 hours. A 4-hour candle shut above its 24-hour excessive of $0.01009 may additionally forestall the bearish thesis from taking part in out.
In these extra bullish situations, the Popcat worth may start climbing to the subsequent main resistance stage at $0.01400. Continued shopping for strain may elevate the altcoin’s worth to as excessive as $0.01910.
Sellers Are Beginning To Take Over On Popcat’s Chart
Technical indicators instructed that the Popcat worth could drop within the subsequent 48 hours. The Shifting Common Convergence Divergence (MACD) hinted at a continuation of the crypto’s present short-term bearish development.
Merchants will need to control the slope of the MACD Histogram, which is presently damaging. This will result in an intersection between the MACD and the MACD Sign strains within the upcoming days. Ought to these two strains cross, it is going to set off a big bearish technical flag. It may additionally sign that the damaging development will proceed in the next few hours.
Along with this, the Relative Power Index (RSI) is sloped negatively in the direction of oversold territory. This can be indicative of diminishing purchaser energy. If bulls don’t step in quickly, bears could proceed to tug the Popcat worth decrease.
Whereas the Popcat worth tries to fend off sellers, Sponge V2 is positioning itself to change into the subsequent PEPE because it seems to be to launch off the success of its predecessor.
A Meme Coin Set To 100X
Sponge V2 is a promising meme coin that’s providing traders who missed the 100x returns delivered by Sponge V1 a second probability at substantial positive factors.
Through the meme coin craze in Might 2023, Sponge V1 unexpectedly reached a $100 million market cap. Given this meteoric rise, some analysts say the meme coin could surpass Pepe this time round.
This success was primarily fueled by a collection of achievements, together with listings on main exchanges, a speedy progress in its variety of holders, in addition to the truth that it garnered 30,000 social media followers in just some days.
The success of Sponge V1 prompted the Sponge crew to introduce the subsequent 100x alternative, Sponge V2. The brand new iteration of the challenge is ready to be “larger and higher” than its predecessor. The challenge features a Play-to-earn racing recreation, and there are additionally a number of main listings on the horizon for Sponge V2.
Final Probability To Buy Sponge V2 Earlier than Huge Listings
Consideration, #SPONGERS! 🧽💦
We’re thrilled to announce that our liquidity is now locked! 🔐
With 4,270,902,045 tokens already staked valued at $3,497,953 with a powerful present 378% APY, $SPONGE is stronger than ever!
Go to our web site to seek out out extra! ⚡️#SpongeV2 #Web3 pic.twitter.com/1tYOhx3Lcb
— $SPONGE (@spongeoneth) January 8, 2024
Time is working out for traders to purchase Sponge V2 earlier than it will get listed on among the greatest crypto exchanges globally. Anybody trying to get in on the challenge earlier than it’s too late has two choices accessible.
The primary possibility is to purchase and stake Sponge V1 by the challenge’s official web site. Choice two is for traders to stake their already-owned Sponge V1 tokens. As soon as the challenge goes dwell, traders who staked Sponge V1 will obtain their V2 tokens.
Along with the potential to realize 100x returns with Sponge V2, the challenge additionally features a staking program with a beautiful Annual Proportion Yield (APY) of 378%.
Sponge V2 could be bought right here.
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