While the crypto market's gains were mostly led by AI coins, Solana's meme coin Popcat outpaced them with an impressive 18% gain.
memecoins continue to gain momentum despite skepticism from many who view them as short-lived projects. However, Solana creators are proving doubters wrong, with Bonk leading the charge, aiming to launch a Bonk ETP that could eventually pave the way for a future ETF.is also making its mark.
On the daily chart, it has consistently seen green candles, except for three days, reflecting a two-week uptrend. The 5th August market crash appears to have marked its low, as the price hasn’t revisited that level. If the price drops below the recent higher low, this may signal a potential reversal, and further analysis will be required.Open interest-weighted funding rates and liquidations further support the bullish sentiment for POPCAT.
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Popcat Price Soars 34% Amidst Bullish MomentumPOPCAT's price surged by a significant 34.15% in the past 24 hours, accompanied by increased trading volume. This rally is attributed to bullish momentum indicated by rising buying pressure, Fibonacci retracement levels being breached, and active participation from bulls in the futures market.
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