Popcat surges 13%, defends KEY support – Is $0.40 in sight?

Key Points

1. Popcat's price rose to $0.346 after defending the $0.30 support level, with a 13% increase in market cap to $337 million and a 20% jump in trading volume to $54 million.

2. Buyers returned to the spot market after seven days of seller dominance, resulting in a positive Buy Sell Delta for the first time in a week.

3. Popcat's Open Interest (OI) increased by 9.14% to $151.9 million, and futures market data showed 68% of accounts taking long positions, signaling bullish sentiment.

4. Technical indicators such as the Relative Strength Index (51) and Chaikin Money Flow (0.19) suggested growing buyer momentum.

5. The article questions whether Popcat's bullish trend can continue, with potential targets at $0.36 and $0.40 if support levels hold.