Popcat (POPCAT) has recently caught the attention of investors with a significant price surge, while major cryptocurrencies struggled. Let’s break down the key highlights of Popcat’s performance and potential future movement, along with a Popcat price prediction.

Recent Price Action

• Popcat is currently trading around $1.37 as per Coinpedia Markets, experiencing a 13% price surge in the past 24 hours.
• The surge is noteworthy as it happened while other major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) saw price declines.

Technical Analysis: Bullish Outlook

• Experts suggest Popcat is heading toward a crucial resistance level of $1.50.
• If Popcat breaks through this level, it could see an additional 10% rise in the next few days.
• The $1.50 resistance acts as the neckline of a bullish double-bottom pattern. If Popcat closes above $1.60, a new high could be on the horizon.

Also Read: JasmyCoin Price Prediction 2024-2030: Will JASMY Price Go Up To $0.10?

Market Capitalization and Competition

• Popcat’s market capitalization has crossed $1.29 billion, showing strong market interest and on-chain activity.
• Despite its success, Popcat faces competition from another cat-themed meme coin, Cutoshi, which is also gaining attention.

Key Liquidation Levels to Watch

• The price is nearing a liquidation point at $1.50, which was Popcat’s October high.
• Breaking this level could lead to an increase in market capitalization and drive further growth.
• Current liquidation levels are between $1.168 and $1.259, according to Coinglass data.
• If Popcat reaches $1.259, nearly $2.56 million worth of short positions could be liquidated.