POPCAT soars 16%, hits 3-week high – Is $0.40 within reach?
2025-07-10 11:02:16
Main Idea
Popcat (POPCAT) surged 16% to a 3-week high of $0.3403 amid whale accumulation and increased trading volume, but risks of a pullback remain due to potential buyer exhaustion.
Key Points
1. Popcat's price rose 16.14% to $0.3403, with trading volume spiking 113% to $84.7 million, indicating strong market activity.
2. Whale accumulation increased, with large holders acquiring 8.5 million tokens on July 10th, raising their total supply held to 64.74%.
3. Derivatives market activity surged, with Open Interest (OI) up 19.3% to $172.9 million and Derivatives Volume up 94.55% to $551.34 million, signaling bullish sentiment.
4. Technical indicators like Stochastic RSI (86.73) and RSI (54) suggest potential volatility or buyer exhaustion, raising concerns about sustainability of gains.
5. While $0.40 is a possible target, the memecoin faces risks of a pullback to $0.28 if bullish momentum wanes.
Description
Popcat rallies 16% in 24 hours reaching $0.3403 amid whale accumulation but risk of a pullback remains elevated.
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