The post POPCAT Listing on Binance, Whale Buys 10 Million Tokens appeared on BitcoinEthereumNews.com.

On August 22, 2024, Binance, the world’s biggest cryptocurrency exchange announced to launch of the Solana-based meme coin Popcat (POPCAT) perpetual contracts. Following this announcement, a crypto Whale withdrew 39,816 SOL worth $5.73 million from Binance and bought nearly 10 million POPCAT tokens. Whale Buying POPCAT Amid Listing Announcement This crazy buying signals that POPCAT could experience a significant rally in the upcoming days. At press time, it is trading near $0.574 and has experienced a price surge of over 32% in the last 24 hours. Meanwhile, POPCAT’s trading volume has skyrocketed by 225% during the same period, indicating rising participation from traders following the listing announcement. Additionally, its open interest also increased by 35% in the last 24 hours, indicating growing interest from investors and traders, according to the on-chain analytic firm CoinGlass.  POPCAT Price Prediction For August 2024 According to expert technical analysis, POPCAT looks bullish and is now heading toward a crucial resistance level of $0.643. However, the last time when POPCAT reached this level, it experienced a price drop of over 40% and fell to the $0.38 level.  Source: Trading View This time, the sentiment for POPCAT is bullish, and the daily chart is forming a bullish double-bottom price action pattern. If it closes a daily candle above the $0.69 level there is a high possibility it could soar by 40% to $1 or even higher.  Major Liquidation Level As of now, the major liquidation levels are near $0.542 on the lower side and $0.60 on the upper side, as traders have been highly leveraged in the last 24 hours, according to CoinGlass. If the sentiment remains unchanged and the price rises to the $0.60 level, nearly $672.84K worth of long position will be liquidated. Conversely, if the sentiment shifts and the POPCAT price falls to…

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Filed under: News - @ August 23, 2024 1:20 am