Popcat (SOL) surged 16.41% to a new all-time high of $1.49 after bouncing from an intraday low of $1.28.
The global crypto market rose by 2.46%, reaching a total value of $2.19 trillion.
Bitcoin (BTC) has surged back to the $62.5K mark with a 4% rally, and leading altcoins are following the upward trend. Memecoins are also experiencing notable gains, with Dogecoin (DOGE) and Shiba Inu (SHIB) seeing gains between 4% and 10%. However, one memecoin has taken the spotlightâPopcat (SOL), which has soared over 16.41% and reached a new all-time high of $1.49, climbing from an intraday low of $1.28.
Also, Popcatâs rank has risen and now holds the position of the 6th largest memecoin, surpassing FLOKI.
Popcat (SOL) Shows Positive Trend Amidst Volatility
Popcat (SOL) has been trading in a rangebound pattern since hitting its previous high on October 7. The tokenâs price has been quite volatile; it started the week at $1.21 and quickly rose to an all-time high of $1.47 before dipping to a weekly low of $1.11. It has since rebounded and set a new record high at $1.49. Although Popcat has slightly retraced, it still remains strong above the $1.40 zone.
At the time of writing, Popcat (SOL) is priced at $1.44, with a market capitalization of $1.40 billion. Additionally, the daily trading volume has increased by around 16% to $169.40 million, reflecting high market activity. Much of this activity is driven by traders looking to capitalize on the tokenâs price swings.Â
Popcat (SOL) Price Chart (Source: TradingView )
From a technical view, Popcat (SOL) is in a bullish phase and may still have room to grow. The Relative Strength Index (RSI) is currently at a neutral 65, indicating a balance between buying and selling pressure. The MACD indicates upward momentum, suggesting that Popcat may push to $1.50 or even $1.53. However, if the momentum fades, the token could revisit the $1.40 or even $1.24 levels.
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