Why $POPCAT Could Be a Long-Term Contender in Solana BlockchainPopcat (SOL), a Solana-based meme coin, is grabbing attention within the crypto market due to its recent price performance, robust growth, and high trading activity. The meme coin, based on the widely popular Internet meme featuring the cat 'Oatmeal,' has gained traction with an impressive rise from $0.93 to $1.60, showing a 41% increase in the last 30 days. As of this writing, $POPCAT trades at $1.53, supported by a 24-hour trading volume of $87.2 million and a market cap of $1.4 billion.
The Power of Solana’s Ecosystem
The Solana blockchain is renowned for its fast, low-cost transactions, making it a fitting platform for meme coins and other highly traded assets. The network’s ecosystem has shown significant growth, with recent trading volume on Solana reaching $15.7 billion—nearly double Ethereum’s volume. Popcat (SOL), as part of the flourishing Solana ecosystem, benefits from the chain’s scalability and low transaction costs, which are crucial for meme coins that often experience high trading volumes and rapid transactions.
Furthermore, Raydium, a Solana-based decentralized exchange (DEX), has been closing in on Ethereum’s Uniswap in terms of trading volume across multiple networks. Raydium's $9.7 billion volume against Uniswap's $11.1 billion underscores Solana's expanding influence in the decentralized finance (DeFi) space. For Popcat (SOL) and similar meme coins, these advancements in Solana’s infrastructure bring increased exposure, liquidity, and trading opportunities.
Technical Analysis: Will $POPCAT Reach New Highs?
Popcat (SOL) is currently positioned with a bullish outlook, reflecting a 13% increase over the past week and ranking 6th in market capitalization within CoinMarketCap’s meme coin sector. From a technical perspective, Popcat has consistently traded within a rising channel, indicating strong bullish momentum. The Relative Strength Index (RSI) sits at 60, a neutral yet bullish sign showing that while the coin is neither overbought nor oversold, there is room for continued upward momentum.
The monthly price chart shows a falling wedge pattern—a bullish reversal indicator—that pushed Popcat to its current highs. With resistance anticipated at $1.80, the token could face a pullback to the support level around $1.39 if Bitcoin or Solana experience price fluctuations. This range-bound activity may offer new entry points for investors, potentially paving the way for further gains if buying sentiment remains strong.
Given the market’s optimistic sentiment and potential catalysts on Solana, $POPCAT could soon aim for its all-time high (ATH) of $1.67, and possibly break through to $2. This forecast aligns with ongoing upgrades and developments within the Popcat (SOL) project, which could drive fresh interest and increased trading volume.
Market Sentiment and the Meme Coin 'Super Cycle'
A strong crypto market sentiment, particularly driven by Bitcoin's performance, could further amplify Popcat's price action. The expectation of a potential ‘meme coin super cycle’ in 2025 has prompted speculation around the coin's future potential. If these trends hold, Popcat's position within the meme coin ecosystem and its Solana backing could make it a significant player in the next cycle.
Popcat’s Market Metrics and Growth Potential
1. Trading Volume: Popcat (SOL) has seen a 112.90% increase in 24-hour trading volume to $195,423,925, signaling strong market interest and activity.
2. All-Time High: The coin reached its ATH of $1.67 on October 24, 2024, making the current price 7.71% lower than this high.
3. Market Cap: With a market cap of $1.51 billion, Popcat ranks #61 on CoinGecko and #54 on Coinmarketcap , making it a notable player within the meme coin sector.
4. Price Performance: Over the past week, Popcat has outperformed both the global crypto market, which declined by 1.00%, and similar meme coins, which fell by 3.60%.
Conclusion
For those closely monitoring meme coins and Solana-based assets, Popcat (SOL) appears to present an appealing investment opportunity. Its recent price momentum, bolstered by a robust Solana network and high trading volume, positions $POPCAT well for potential growth. While short-term resistance may cause minor pullbacks, the broader outlook suggests further gains are achievable, particularly if Solana continues its ecosystem expansion. Whether $POPCAT can reach or exceed the $2 mark will depend on broader market movements, particularly those of Bitcoin and Solana, but its technical indicators and ecosystem support present a compelling case for growth.
POP
GNC penny stock LONGIn circumstances similar to May GDC on a1`5 minute chart pumped today for 60% and then
faded to the middle basis band of the Bollinger Bands below the mean VWAP and POC line of
the short term volume profile. The MACD is showing bullish divergence. THE RS lines are above
the 50 level. I have GNC on watch in the after-hours and tomorrow's pre-market to resume
bullish momentum and will enter if price gets over the VWAP/POC at 4.17 especially if volume
returns.
RAD Rite Aid Bull Flag consolidation RAD recently popped in a big way and on the 2H chart is now settled in consolidation
about 67% above the prior base. That is to say, it is in a horizontal channel awaiting
further volume and direction from traders. The bias is for a bullish breakout of
continuation and momentum. Potentially RAD could rise the height of the flag pole
but this seems unlikely given the current general market. the dual RS indicator shows
support at the 50 level a good sign the retracement is over, The MACD lines are dancing
around under the histogram. I am putting this on watch. If RAD goes over the top of the
channel I will go long. If it goes under the channel I will go short. I could do both and hedge
but that is complicated and with more risk. The stop loss is outside the opposite side
of the channel. My target is a more up or down about 50% of the completed move represented
by the flagpole. I consider RAD a mem stock with a potential short squeeze in process.
Buckle up and drive safely. DYODD.
Gold - The Sleeping GiantHello Team,
Gold on the larger time frames has formed what is commonly called a "cup & handle". This specific pattern is a bullish formation that can possibly indicate a massive rise in the future price of Gold.
For long-term investors, you can look to enter within the bottom portion of the regression trend.
Enjoy!
Pepsi Ahead of earningsPepsi reports earnings tomorrow morning.
Based off the bearish consolidation, its looking likely that Pepsi can fall lower on maybe a bad earnings or weak forward guidance.
The trading play that we are watching is a gap down into support and then buying Pepsi as a long. This will be a day trading level we will be looking for.
ELOX 1.79M Float VOL Kicking in NOW Looks like a Cloud Pop ELOX with its 1.79M float and volume coming in to turn it about 1 time today unless the volume kicks in....Which is still enough to make this move. Good push down to start the day got in at $3.50 Probably if things stay the way they are now then it could go for !.00 from here. Looking for spikes to volume to catch fomo. As I am typing this volume is dragging and looks like its going to hit about 780k for the day. I would say that if you see the volume spike to about 6k a min then we could have a repeat of yesterday. This chart formation here on the 2 min looks like a setup for a dip into liquidity then a possible fomo trigger to break yesterdays high.
*In the last 3 mins !5k Volume has come through That puts us really close to the 6k a min needed. Stay tuned I think this kicks in overdrive in about 15 -30 mins
by iCantw84it
01/06/23
Inflation Inflection PointBig week kicked off with a positive gamma exposure across the S&P 500 on Monday.
Check out my post on DDOI Gamma Exposure if you want to understand why I think we're going to break the 200D moving average.
I think this pattern changes the next 3 months and we begin to digest 2022 and begin 2023 forcasts.
I was surprised by TSLA selling off yesterday as the S&P 500 increased incrementally throughout the day.
Inverse Head & Shoulder is still valid, but barely. A Double bottom looks more likely now.
Some special charts tomorrow for Jerome Powell FOMC.
Like and Follow.
The more I Learn. The more I Earn.
GRND IPO POP then DROPOn the 15-minute time frame, the price action is decidedly bearish
over the past couple of days. Gauss filters downward.
The Ichimoku resistance against a reversal is thick.
Price has dropped more than 15% each day.
The RSI indicator shows dismal strength and no signs of divergense
to herald a reversal. I am in this as a short seup and
have profited well taking a partial each day. Option plays
are not available. Once the bear trend burns out, this will be
worth looking at for a slow uptrend. So once the relative strength
drops to below 25% or some bottoming wicks and Doji candles
appear on the lower time frames, I will look to take the profits
and trade the uptrend. ( this may bounce up from the POC of
the volume profile as a reaction to support. )
PLAY the VOLATILITY !
bond/usdThis is about to pop to 12.5 bucks come on over and play a bit let`s see if we can make it go pop just needs a little push.
EURUSD Short-lived pop will fall - ECB Mesure are still on HoldHello Traders
Here is a new SELL Scenario, a short lived pop, ECB Mesure are still on hold, Taper discussion in November will influence USD soon.
For a longer term, it can reach 1.15 and 1.14 for a quarter if you are patient.
💹EUR/USD SELL STOP
✅ Entry @1.17000 or below (17300 is the best but not sure it will reach this point)
✅TP-1# 1.16800
✅TP-2# 1.16600
✅TP-3# 1.1630
✅SL# 1.17800
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
Long IVERIC ($ISEE) this stock is about to breakout. I am long ISEE. I see this stock is about to POP (but watching closely in case it is a bust).
I am long ISEE because
We broke $9, previous resistance
There are no other resistance areas until last sell off in 2017
MACD cross over bullish
RSI bullish with HH
Break out of BBand after narrow band
Pharma is all the rage :D
Our target prices are 22.8 then 30.21 at previous resistance. However, if this pops I can imagine it reaching a new ATH, or getting close to what it managed a couple years ago. But I will not be greedy ;-)
Closing if we break support at 5.77
Cheers x
"You mean it was a bubble?", "Always has been" $TSLA $CSCOWhat else is there to say? This will be looked back on as the epitome of the 2020 stock market bubble akin to Cisco back in the dot com era. A sign of our times.
This chart is a thing of beauty, but unfortunately the music has come to a stop.
I don't suppose Elon becoming the richest man in the world, changing his name to "the Technoking" and shilling Doge on SNL is a top signal, right? "But money printer go brrr"... Well I guess that means everything will go up forever. Hopefully their claimed losses from their bitcoin investment will be able to offset the lack of income.
The chart speaks for itself. Tesla promises the future but isn't there yet. Sound familiar? Keep in mind NASDAQ:CSCO has never reclaimed the 1999 bubble top AND they ended up delivering as a top player in the industry. Tesla may be able to justify $900 stock price again some day but I wouldn't plan to see that money anytime soon.
ngmi
DOGE baloom about to POPDOGE every one is tired of you! You are a pain in the ass in the crypto market! Altseason had been canceled, because of you and your backed celeb hype! I feel sorry for thouse who had invested in you today, GAME OVER you are about to pop. I am shorting you! Not financial advise!
Graph Bitcoin Doge, red line is finish for Doge (0,00000830)
Idex PT $6.37 UpdatedFirst run in Nov retraced back to .786 before the run up
Hit the PT right on money and retraced back to .786 - and bounced right off - Will we see a similar pop?
Option movement seems to point to a $5+ PT by Mar19, but if same trend holds, would put us there in April
- Checkout MACD and RSI
- Will see a tug of war to stay above that 50MA
- IDEX is PR heavy, but haven't released anything in a while...something in the works?
-Sell off over-reactionary? Smart money shaking out the weak hands?
What do you guys think
$XSPA - The Beginning of Something BeautifulXSPA is in it's first LT uptrend since 2016. Hard to believe how little this one is talked about. Let me explain the opportunity here...
1. Highly shorted stock
2. Many instutional investors started going long since beginning of the year - Vanguard, MS to name a few, and the majority of them are at cost basis around this price.
3. Fundamentally, the business model is sound. XSPA banks revenue off a management fee that it charges the medical practice that it contracts to perform various tests, and vaccines. Given that information, and the fact that millions will be travelling to and from the US this year, this will add about $100 million in revenue easy once they establish covid-testing checkpoints in all 60 biggest airports in the US, and they're rapidly expanding. so that will likely happen by next year. The point is, it's very undervalued.
4. Technically, there is a mini double-bottom forming over the last few days. LT - Bullish pennant formation.
Any funding they receive will only be a plus, but not required to make this one rocket.
PT: $8 by mid-April
Should see a pop today, and then some action around 03/05. Buy the dips.
OMG - Keeps Growing with Profits Flowing!🚀If you look at the chart that we call OMG.
(I'm talking of course, the pair with usdt)
A most beautiful bullflag is all you will see.
Giving profits to traders quite liberally!
So buy while it's low -
and sell as you go.
And a rich Party Boi you will be!
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😂WE CAN DO POEMS TOO!😂