Be part of Our Telegram channel to remain updated on breaking information protection
The Popcat worth surged greater than 34% over the previous 24 hours to commerce at $0.007554 as of 9:00 am EST as buyers pounced on the Solana meme coin.
The Popcat Value 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 immediately. On account of this pull again, a double high sample has fashioned on the cryptocurrency’s 4-hour chart.
If the Popcat worth falls beneath the 9 EMA line, it might break beneath 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 following 24 hours. A 4-hour candle shut above its 24-hour excessive of $0.01009 might additionally forestall the bearish thesis from taking part in out.
In these extra bullish eventualities, the Popcat worth might start climbing to the following main resistance stage at $0.01400. Continued shopping for strain might elevate the altcoin’s worth to as excessive as $0.01910.
Sellers Are Beginning To Take Over On Popcat’s Chart
Technical indicators prompt that the Popcat worth might 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 wish to control the slope of the MACD Histogram, which is at present damaging. This will result in an intersection between the MACD and the MACD Sign traces within the upcoming days. Ought to these two traces cross, it’ll set off a big bearish technical flag. It might additionally sign that the damaging development will proceed in the next few hours.
Along with this, the Relative Energy Index (RSI) is sloped negatively in the direction of oversold territory. This can be indicative of diminishing purchaser power. If bulls don’t step in quickly, bears might proceed to pull the Popcat worth decrease.
Whereas the Popcat worth tries to fend off sellers, Sponge V2 is positioning itself to turn out to be the following PEPE because it appears to be like to launch off the success of its predecessor.
A Meme Coin Set To 100X
Sponge V2 is a promising meme coin that’s providing buyers who missed the 100x returns delivered by Sponge V1 a second probability at substantial good points.
In the course of 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 might surpass Pepe this time round.
This success was primarily fueled by a collection of achievements, together with listings on main exchanges, a fast 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 group to introduce the following 100x alternative, Sponge V2. The brand new iteration of the venture is about to be “larger and higher” than its predecessor. The venture 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 Massive 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 buyers to purchase Sponge V2 earlier than it will get listed on among the largest crypto exchanges globally. Anybody trying to get in on the venture earlier than it’s too late has two choices out there.
The primary choice is to purchase and stake Sponge V1 by means of the venture’s official web site. Possibility two is for buyers to stake their already-owned Sponge V1 tokens. As soon as the venture goes dwell, buyers who staked Sponge V1 will obtain their V2 tokens.
Along with the potential to attain 100x returns with Sponge V2, the venture additionally features a staking program with a pretty Annual Share Yield (APY) of 378%.
Sponge V2 might be bought right here.
Associated Articles:
New Crypto Mining Platform – Bitcoin Minetrix
Audited By Coinsult
Decentralized, Safe Cloud Mining
Earn Free Bitcoin Day by day
Native Token On Presale Now – BTCMTX
Staking Rewards – Over 100% APY
Be part of Our Telegram channel to remain updated on breaking information protection
