Popcat Eyes Potential Breakout Above $0.175 After 14% Surge

• Popcat’s 14% gain stems from whale activity in futures markets, flipping sentiment bullish.

• On-chain data shows spot volume cooling but futures leading the charge with larger trades.

• Liquidity clusters above $0.17 could spark further upside, while $0.15 support risks a pullback if rejected at resistance.

Discover why Popcat price today is surging 14% amid Solana memecoin trends. Analyze charts, on-chain metrics, and key levels for POPCAT’s next move. Stay informed on crypto volatility—explore now for trading insights.

What is driving the Popcat price today?

Popcat price today has climbed 14% in the past 24 hours, making it one of the top-performing Solana-based memecoins. This surge is primarily fueled by substantial futures trading activity from large investors, which has shifted the taker cumulative volume delta to bullish territory. Market data indicates sustained buying pressure, positioning POPCAT for a potential breakout from its recent accumulation range.

Why is Popcat showing bullish momentum on charts?

The technical analysis for Popcat reveals a sideways accumulation pattern established since early October, bounded between $0.134 and $0.175. Following a decline to below $0.10 during the broader market crash last month, POPCAT has stabilized and approached the upper resistance at $0.175. Indicators like the Bull Bear Power, reading at 0.0275, confirm that buying interest is overtaking selling pressure, with bulls in control for the past six sessions. This setup, as observed in TradingView charts, suggests continued upside if the resistance breaks, potentially targeting $0.23 based on prior swing highs.

Source: TradingView

Despite trading well below its all-time high above $2, POPCAT’s current price action reflects renewed interest in Solana memecoins. The token’s presence on top trending lists from platforms like CoinMarketCap underscores growing trader attention. However, rejection at $0.175 could limit gains, leading to a retest of lower supports. On-chain metrics further support this view, with futures activity outpacing spot trades, where average order sizes in futures reached 200 compared to 84 in spot markets, according to CryptoQuant data.

Source: CryptoQuant

Exchange holdings add another layer, with Bybit and Robinhood controlling over 10% of the supply collectively. The top 10 holders account for 38.1%, leaving 61.9% distributed among retail and smaller entities, which promotes a degree of decentralization typical for memecoins. Spot volume, while present, is showing signs of cooling as price tests resistance, indicating caution among direct buyers.

Frequently Asked Questions

What caused Popcat’s 14% price increase today?

Popcat’s price surged 14% due to aggressive futures buying from whales, as evidenced by bullish taker CVD shifts in the last 24 hours. This activity, tracked via CryptoQuant, overwhelmed selling pressure and propelled POPCAT toward its range high of $0.175.

How can traders position for Popcat’s next move?

For Popcat’s potential breakout, watch for confirmation above $0.175, which could lead to $0.23 amid sustained futures momentum. If rejected, expect a pullback to $0.15 liquidity zones—always use stop-losses to manage risks in volatile memecoin markets.

Key Takeaways

• Large futures orders fueled the surge: Whale activity flipped POPCAT’s taker CVD bullish, driving 14% gains in 24 hours.
• Chart pattern signals upside potential: Sideways accumulation between $0.134 and $0.175 positions the token for a breakout, with Bull Bear Power favoring bulls.
• Liquidity levels guide the path forward: Breaking $0.17 could target $0.18, but support at $0.15 is critical to avoid downside.

Source: CoinGlass

The Liquidation Heatmap highlights liquidity pools above $0.17, which previously attracted price during the sweep at $0.158 that led to $0.176. A similar move could extend gains, but a drop below $0.15 might activate downside liquidity, pulling POPCAT lower.

Conclusion

In summary, Popcat price today reflects strong derivatives-driven momentum within the Solana memecoin ecosystem, supported by on-chain catalysts like bullish taker CVD and whale futures orders. While resistance at $0.175 remains a pivotal test, a confirmed breakout could signal further recovery from recent lows. Traders should monitor these levels closely, as the memecoin’s trajectory hinges on sustained buying interest—position accordingly for emerging opportunities in this dynamic market.