On August 22, 2024, Binance, the world’s greatest cryptocurrency exchange revealed to launch of the Solana-based meme coin Popcat (POPCAT) continuous agreements. Following this statement, a crypto Whale withdrew 39,816 SOL worth $5.73 million from Binance and purchased almost 10 million POPCAT tokens.
Whale Buying POPCAT Amid Listing Announcement
This insane purchasing signals that POPCAT might experience a substantial rally in the upcoming days. At press time, it is trading near $0.574 and has skilled a rate rise of over 32% in the last 24 hours. Meanwhile, POPCAT’s trading volume has escalated by 225% throughout the exactsame duration, showing increasing involvement from traders following the listing statement.
Additionally, its open interest likewise increased by 35% in the last 24 hours, suggesting growing interest from financiers and traders, according to the on-chain analytic company CoinGlass.
POPCAT Price Prediction For August 2024
According to professional technical analysis, POPCAT looks bullish and is now heading towards a important resistance level of $0.643. However, the last time when POPCAT reached this level, it knowledgeable a rate drop of over 40% and fell to the $0.38 level.
This time, the belief for POPCAT is bullish, and the everyday chart is forming a bullish double-bottom cost action pattern. If it closes a day-to-day candlelight above the $0.69 level there is a high possibility it might skyrocket b