Popcat pumped hugely today after it was confirmed that Brett got listed on Upbit and Binance Futures. Why? It could signal that meme season is back on the menu, and the appetite for these coins could be back.
But is it really that simple? Or could there be some technical analysis behind the pump? There is only one way to find out. Let’s dive in.
Price Analysis Popcat: Technically, it’s Warming Up for a Pump
Popcat pumped straight into resistance today after Brett was confirmed on Upbit and Binance Futures, but it’s looking like Popcat wants more.
After hitting the daily 100-moving average and pulling back ever so slightly, we will have to wait for the American markets to open before Popcat decides what it wants.
If it can successfully flip the daily 100 moving average and the 50 relative strength index zone, we might be looking at $0.65 very soon.
With $0.65 being a very important level for Popcat previously, we could be looking at a new all-time high in case it gets flipped.
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Legendary Solana Trader is Buying-In
Legendary trader Paulo.sol has started buying memecoins again.
9 hours ago, he spent 196K on $billy and $popcat
His last purchase was a month ago when he spent nearly 2M on $michi, $popcat, and $wif. pic.twitter.com/FSQMUzBIB2
— solonchain (@CryptobigM) August 20, 2024
A legendary trader by the name of Paulo.sol has started buying in. He previously caught good trades on Michi and Popcat, and people copy-trading him could also have been the reason for the pump.
The fact of the matter is a lot of meme coins have been pumped for the past few days, and with Bitcoin looking super good too, we might actually be looking at a bottom for meme coins, and with ghost month ending in just 10 days, many traders are expecting a market-wide pump!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
