POPCAT is up 15%, but is this new Solana Meme Coin the next WIF, BONK, or BOME?

adminMay 4, 2024

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Popcat’s price has risen 15% over the past 24 hours, trading at $0.5513 as of 4:45 a.m. EST, with volume surging 26% to $145 million.

Popcat, a meme coin launched in late 2023, has surged more than 100% in the past month, reaching an all-time high of $0.6277 yesterday.

This run catapulted it into the top 10 meme coins with a market capitalization of nearly $600 million.

Popcat price prediction

As mentioned, the POPCAT price has skyrocketed over the past few days to the point where it reached ATH in less than 24 hours. However, the token has seen a slight correction from its current price of $0.55, despite still performing strongly over the 24-hour period.

While sharp spikes are usually followed by sharp corrections, the fact that the cryptocurrency market is currently trading in the green could mean that POPCAT could be looking at new growth opportunities.

The token’s technical indicators clearly show that POPCAT is gearing up for a significant correction, but changes in broader market sentiment appear to have halted it.

For example, POPCAT’s Bollinger Bands saw a significant expansion yesterday and then suddenly a sharp contraction after the token reached ATH. Then, at some point, the contraction stopped and the bands are now stuck in place, with traders waiting to see what they will do next.

Popcat price prediction

A similar point can be seen by observing the Relative Strength Index (RSI) score of the project, which dug deep into the overbought territory yesterday and rose above the value of 80. As traders started taking profits, the RSI value started to fall. It took action and sank in neutral territory this morning.

Then, instead of continuing to decline into oversold territory, it simply stops, now balancing just below the 50 value, waiting for traders to see what to do next.

Popcat prices at the intersection

This puts POPCAT at a crossroads that neither bulls nor bears can currently control. This could mean that Popcat could surge again, but it could also mean that the downtrend could continue if the market suddenly turns bearish. This means that the project finds itself in a position of uncertainty, waiting to see what happens next. Unless one side can tip the scales in its favor, the next move is likely to be determined by the broader market.

For now, POPCAT is in a truly neutral position and could go either way.

A promising alternative to Popcat

While Popcat and several other cat-based meme coins are currently the best performers, new meme coins based on objects and creatures other than cats and dogs are challenging their dominance.

One example is Sealana (SEAL), a new seal-based meme coin that began pre-sale this week. The Solana-based token has already become popular among investors, raising over $155,000 in just two days.

This puts it on the same type of trajectory as early Solana heavyweights like WIF, BONK, and BOME.

📢Okay, listen carefully! meet #SealandReally nice seal, #trading He got out of his mom’s basement like a true American hero!🇺🇸
This fat boy is eating a hamburger🍔 and dreaming of making Rambos🏎️ #Cryptocurrency Benefit💸. So huge, he defies gravity and floats all the way to the ocean… pic.twitter.com/Xcvkl5fs3e
— Sealana (@Sealana_Token) May 1, 2024

Investors can purchase SEAL tokens with SOL and get 6,900 SEAL for each SOL coin. Tokens will be airdropped to investors once the pre-sale is complete.

Sealana is going strong recently, following another viral Solana meme coin ICO, Slothana ($SLOTH). The stoner sloth’s eyes widened. $15 million In a month-long ICO that just ended.

Moreover, SEAL is a complete meme coin that does not promise any usefulness. He’s obsessed with finding the next Solana meme coin, which keeps his flippers busy and his living room a mess.

SEAL is a “Send SOL” pre-sale with no timers, steps or hard caps. This means it could close at any time, meaning the best time to buy is now for those interested.

Visit the official SEAL website here.

SMOG – Meme Coin with Rewards