Popcat Price Skyrockets 21% Following Coinbase Listing – Bulls Eye $1
Highlights:
- Popcat price rallies 21% to $0.31 despite broader market sentiment.
- This follows the Coinbase listing, triggering double-digit gains.
- With the strong volume and increasing buying appetite, Popcat’s price could hit the $1 mark.
Popcat price has flipped bullishly, rallying 21% to $ 0.31 despite the wobbling crypto market. Its daily trading volume has skyrocketed 153% to $168.23 million, indicating heightened market activity.
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The recent spike comes amid Coinbase listing triggering double-digit gains in Popcat price. According to Coinbase’s announcement, trading for POPCAT will commence on or after 9 AM PT on 13 February. The exchange will roll out spot trading in phases for the POPCAT-USD.
NEW: @coinbase TO LIST SOLANA MEMECOINS $PENGU (@pudgypenguins) AND $POPCAT (@POPCATSOLANA) FOR SPOT TRADING ON OR AFTER 9AM PT ON 13 FEBRUARY 2025 pic.twitter.com/Pqodecrzn3
— DEGEN NEWS (@DegenerateNews) February 12, 2025
Before spot trading goes live, perpetual futures trading for these tokens will be available on Coinbase International Exchange and Coinbase Advanced. The exchange will launch the PENGU-PERP and POPCAT-PERP markets on or after 9:30 AM UTC on the same day.
POPCAT Statistical Data
Based on CoinmarketCap data:
- POPCAT price now – $0.31
- Trading volume (24h) – $168.23 million
- Market cap – $313.38 million
- Total supply – 979.97 million
- Circulating supply – 979.97 million
- POPCAT ranking – #163
Popcat Price Aims for a Breakout Above Resistance Zones
Popcat price shows early recovery signs while testing resistance near the 200-day MA. If bullish momentum builds, POPCAT could push past the $0.5127 resistance level, with further upside potential toward the next resistance at $0.9158. A breakout above this key area could shift market sentiment, opening the path for a rally toward $1. However, with the strong volume and increasing buying appetite, Popcat’s price could flip bullishly.
On the downside, immediate support lies at $0.22, where previous buying activity was observed. If this level fails, Popcat’s price could drop toward $0.20. A further decline could expose the price to $0.13, a critical support zone where buyers may step in aggressively.
POPCAT/USD daily chart timeframe shows that the meme coin is consolidating within a falling channel, as the bulls show renewed strength. Meanwhile, the technical indicators hint at a possible $1 resistance level retest.
Technical Indicators Show Renewed Bullish Strength
If buying pressure continues to build, Popcat’s price could break through key resistance zones, supported by increased trading volume and market sentiment. A sustained move above current levels would likely attract more investors, potentially triggering a rally toward the psychological $1 mark. However, maintaining this upward trajectory will depend on broader market conditions and whether the Solana-based meme coin can hold above its immediate support levels.
A closer look at the RSI (Relative Strength Index) has climbed from the 30-oversold region, currently at 44.27. This shows neutral to bullish momentum as the bulls try to regain dominance. Increased buying pressure at this level could hurtle the RSI towards the 70-overbought region, invalidating the bearish stance.
The MACD histograms are gradually turning green, indicating that selling pressure may weaken. Moreover, the blue MACD line has flipped above the orange signal line, calling for traders to rally behind POPCAT.
While the MACD signals early bullish divergence, the meme coin must decisively reclaim key resistance levels to confirm a trend reversal. Traders should watch for a breakout or a rejection at these levels to gauge the next major price movement.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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