The post POPCAT Price Set for Gains, But A Potential Pullback Looms appeared on BitcoinEthereumNews.com.

POPCAT Price has been hitting new all-time highs, with recent indicators suggesting that the uptrend could persist for a little longer. Buyers remain in control, but there are hints that momentum may be starting to slow down. Traders should monitor key levels that may trigger more buying interest or spark selling pressure. Depending on how these factors play out, POPCAT could soar to new records or face a sharp pullback. POPCAT Uptrend Could Continue In The Next Days POPCAT +DI currently sits at 22.94, reflecting strong buying momentum, while the -DI is far lower at 10.56, indicating that selling pressure remains weak. This disparity between the two lines shows that buyers are in control, driving the price upward. The ADX, which measures the strength of the trend, currently stands at 21.49. The Directional Movement Index (DMI) is a key indicator used to evaluate both the direction and strength of a trend. The +DI tracks bullish pressure, while the -DI tracks bearish pressure, and the ADX confirms how strong or weak the trend is. When the ADX is above 20, as it is now, it signals that the trend is gaining traction, whether it’s an uptrend or a downtrend. Read more: 11 Top Solana Meme Coins to Watch in October 2024 POPCAT Directional Movement Index. Source: TradingView It’s important to note that the ADX has been decreasing, indicating that while the uptrend is still intact, its momentum is weaker than in previous days. Despite this weakening trend, the ADX remains at a solid level, suggesting that POPCAT’s upward movement will likely continue in the short term before it begins to fade. While buyers still have the advantage, the trend may soon lose momentum. POPCAT RSI Is Still Healthy POPCAT’s RSI is currently sitting at 62.32, indicating that there is still room…

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Filed under: News - @ October 1, 2024 9:22 pm