Popcat (SOL) saw a sharp rise of 16.41%, reaching a new all-time high of $1.49 after rebounding from an intraday low of $1.28. The global crypto market also increased by 2.46%, bringing the total market value to $2.19 trillion. Bitcoin (BTC) surged 4%, returning to the $62.5K mark, while major altcoins followed the upward trend. Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) also saw gains between 4% and 10%. However, Popcat (SOL) stood out with a significant 16.41% increase, hitting a new record high of $1.49 after recovering from $1.28.
Popcat’s ranking improved, now positioned as the 6th largest memecoin, overtaking FLOKI.
Positive Momentum for Popcat (SOL) Amidst Market Volatility
Popcat (SOL) has been trading within a range after reaching its previous peak on October 7. The token experienced volatility, starting the week at $1.21, climbing to a high of $1.47, then dipping to $1.11 before rallying to a new all-time high of $1.49. Despite a slight pullback, Popcat remains strong above $1.40.
Currently, Popcat (SOL) is priced at $1.44, with a market capitalization of $1.40 billion. Daily trading volume has increased by around 16%, reaching $169.40 million, reflecting high market activity driven by traders taking advantage of the price fluctuations.
Technical analysis shows Popcat (SOL) remains in a bullish trend and may have more room for growth. The RSI sits at a neutral 65, suggesting a balance between buying and selling pressure, while the MACD shows upward momentum, indicating the potential for Popcat to push toward $1.50 or $1.53. However, if the momentum slows, the price could retrace to $1.40 or even $1.24.
