The post Why Popcat must hold THIS level to remain bullish, rally to $0.9 appeared on BitcoinEthereumNews.com.

Popcat makes bullish crossovers from two fronts, signaling strong buying pressure. The memecoin has surged by 4.67% over the past 24 hours. After experiencing considerable losses over the past month, Popcat [POPCAT] has started showing some signs of life. As such, over the past three days, the memecoin has experienced a strong upswing, rising from a local low of $0.39 to a high of $0.63. As of this writing, Popcat was trading at $0.5762, marking a 4.67% increase on the daily charts. Prior to these gains, the memecoin had been on a downward trajectory, dipping by 26.02% on a monthly basis. With the recent price pump, market optimism is rising once again, with participants turning bullish. Source: Santiment This shift in market sentiment is evidenced by a positive Weighted Sentiment. This has turned positive for the first time over the past seven days, signaling strong bullish sentiments. What Popcat charts suggest According to AMBCrypto’s analysis, Popcat seems to have hit a local bottom. The drop has allowed new buyers to reenter the market, resulting in higher buying pressure. This high demand has strengthened the upward, while the downtrend is losing strength. Source: TradingView For example, we can confirm the surge in buying activity through the latest bullish crossover on its RSI. A bullish crossover here implies that buyers are currently outpacing sellers, leading to more gains than losses. With more gains, the upward momentum was strengthened, which was validated by another bullish crossover on Stoch RSI. Source: Coinglass Looking further, Popcat’s spot netflow has turned negative after four days. With netflow turning negative, it implies that investors are transferring their tokens off exchanges to private wallets or cold storage. When outflow outweighs inflows, it signals a rising accumulation rate. Source: Coinalyze Finally, Popcat’s Funding Rate remained positive across all exchanges…

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Filed under: News - @ January 24, 2025 12:21 am