The post Solana’s Popcat Soars Over 22,000% in 2024, More to Come? appeared on BitcoinEthereumNews.com.

POPCAT is the next Solana memecoin sensation that seeks to build on a 22,000% surge. The memecoin is gaining intense social attention which may keep fueling growth rallies. Popcat (POPCAT), one of Solana’s hottest memecoin has experienced over 22,000 surges this year, demonstrating resilience despite market volatility. Analyzing the memecoin’s recent pattern, pseudonymous crypto analyst and trader, Altcoin Sherpa expressed bullishness for POPCAT, despite raising concerns. The Analyst Mixed Sentiments on POPCAT In a post on X, Altcoin Sherpa, stated,” Still bullish for now and still think cat memes will do pretty well and play catch up.” The analyst, however, highlighted factors that could cause a potential sell-off for POPCAT.  $POPCAT: I think looks decent still but would be concerned if this prints a lower high/shoulder. If this happens and popcat sells off, all cat beta is going to die. Still bullish for now and still think cat memes will do pretty well and play catch up. But lets see pic.twitter.com/pEdFb7G8ja — Altcoin Sherpa (@AltcoinSherpa) July 24, 2024 According to Sherpa, POPCAT may see declining prices if a head and shoulders pattern forms on the four-hour chart. “If this happens and POPCAT sells off, all cat beta is going to die,” Sherpa noted.  Crypto traders used the head and shoulders pattern as a technical indicator to identify price reversals. Essentially, the metric indicates a reversal of an upward trend. Three peaks make up a bearish head and shoulders, with the middle peak being higher than the other two. Traders are usually advised to wait for the head and shoulders pattern to completely form before commencing trading. This is because a partially developed pattern may not be complete in the future. Nevertheless, POPCAT’s current price chart looks promising, with a yearly gain of 22,000. According to our recent analysis, POPCAT reached…

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Filed under: News - @ July 26, 2024 8:14 pm