Is POPCAT Leading Cat Coin Rally Hitting New ATH?

• POPCAT price trades at $1.25, gaining over 24% in the last 24 hours.
• POPCAT topped the 24-hour gainers list, after hitting ATH.

The overall crypto market is recovering from the recent dips; amid this, the cat-themed meme coin, Popcat (POPCAT), has reached its new all-time high (ATH) at $1.26. Along with the asset’s market cap surpassed $1 billion. 

Popcat’s price has maintained upward momentum throughout the past month till date. Over the past 24 hours, the POPCAT price has surged and spotted on top of the gainers in the market. 

Over the last 24 hours, the POPCAT price recorded a notable gain of 24.22%. The asset opened the day by trading at $0.99, and the intra-day high was recorded at $1.16. At the time of writing, the asset traded at $1.25 with its daily trading volume increasing by 37.40% to $187 million, as per CMC data.

In addition, analysts predict that the steady and rapid increase in the asset’s price suggests the possibility of targeting higher levels. POPCAT is primed for a breakout within days, with all cat-related tokens anticipated to surge. Cats are up to catch up with the dog-themed tokens, making them a strong accumulation target.

Will the Bullish Surge Of POPCAT Prevail?

The upside price action of POPCAT has continued over the past month and week. In the last thirty days, the asset gained over 115%. However, the strong bullish sentiment has been reflected on its weekly chart, which displayed a 34.70% increase. The past week started trading at $0.9242, and as days progressed, it climbed to a high of $1.06. 

The asset’s four-hour technical chart suggests that POPCAT is in the bullish sentiment. The short-term 9-day and the long-term 21-day moving averages are found below the current price momentum at $1.10 and $1.03, respectively. Moreover, the asset is approaching the overbought zone in the market, as the daily relative strength index (RSI) is currently sitting at 68.95. 

If the uptrend of POPCAT continues, it could potentially test the nearby resistance level at $1.37. Moreover, the asset can further push the price upward to set new all-time highs. On the other hand, if the price momentum reverses in the upcoming days, the price could retrace down to $1.09 or even low from the current levels.

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