Popcat POPCAT/USD Has Surged 17% in a Day, Reigniting Meme Coin Mania

Popcat POPCAT/USD has soared 17% in a day, igniting interest in the meme coin as traders anticipate it to outpace Dogecoins and Shiba Inus.

What Happened: Crypto trader Unipcs revealed he’s up seven figures on his Popcat position and would’ve ‘only’ made $500,000 had he listened to critics two weeks ago.

“2 weeks ago I was getting heavily criticized for not taking any profits yet on POPCAT. People were saying I’d regret it later when it dumps rapidly,” the trader said.

“If I had sold at the time based on their advice I would’ve made around $500k. But I held and today I’m up seven figures.”

However, Popcat is still 77% down from its all-time highs and the trader sees more upside, especially as meme coin season picks up.

“I’m still holding POPCAT and plan on continuing to do so. I’m not one to chase coins but I’m certainly enjoying watching POPCAT run up after getting dumped on so heavily.”

In a follow-up post, Unipcs said the Popcat daily chart is “undeniably bullish,” adding that the structure shows continuation potential.

Expecting higher prices isn’t just plausible, it’s obvious and doubting it shows a fundamental misunderstanding of the current market, the trader said.

Trader CryptoKnight890 sees Popcat “popping hard to $1.”

Another trader said two-day explosion is coming after a long consolidation phase that flipped resistance into support, setting a short-term target of $0.71 for Popcat.

suggest that Popcat follows an intensifying logarithmic wave pattern and the next wave is expected to go parabolic, setting a potential cycle top at $3.80.

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Liquidations: Data from Coinglass shows Popcat’s liquidations in the past 24 hours came to $4.21 million with $1.26 million in long and $2.95 million in short liquidations. Open interest spiked 13.9% to $570.7 million, while derivatives trading volume expanded 4.2% to $1.99 billion.