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Crypto Express

07/11 00:59

Can Popcat sustain recent gains?

According to analysis, Popcat experienced a strong upswing as buyers, particularly whales, returned with increased strength. 

As a result, the memecoin’s Stochastic RSI surged to 86.73, at press time, signaling strong upward momentum.

However, with this metric reaching these levels, it also warns of potential brewing volatility, as buyers could become exhausted. 

In the same light, the Relative Strength Index (RSI) surged to 54, touching bullish territory, further confirming the presence of buyer momentum.

Therefore, under these circumstances, where buyers are strongly holding and momentum is strengthening, Popcat is poised for more gains.

Thus, if sentiments hold, the memecoin could reclaim $0.36 and target $0.40. 

However, the continuation of the uptrend depends on the actions taken by holders on exchanges. If profit taking experienced over the past day persists, the memecoin will face downward pressure and drop to $0.28 again. popcat-price-charts-768x339.jpeg

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