POPCAT Soars 30% in 24 Hours: Analyst Targets $5

POPCAT surges 30% to $1.91, hitting a new ATH, with analysts predicting further upside to $5.

Key Statistics:

- 30% gain in 24 hours.
- New ATH: $2.
- Trading volume: $2.01 billion (+53.56%).
- Open Interest: +29.68%.
- Funding Rate: Positive (long-biased).

Technical Analysis:

- Uptrend dominance.
- 50 EMA above 100 EMA.
- RSI: 64.51 (not overbought).
- Support: $1.7, $1.2.
- Resistance: $1.99.

Analyst Predictions:

- Murad: $5 target "expected" due to bullish momentum.
- Muro: Breakout from descending trend line supports further highs.

To Confirm Upside:

1. Hold above $1.7 support.
2. Breakout above $1.99 resistance.
3. Sustained trading volume.
4. Rising Open Interest.

POPCAT's strong bullish momentum and analyst predictions suggest potential for further upside. However, investors should monitor technical indicators and derivatives data for signs of a correction.