Popcat Surges 15% Reviving Meme Coin Competition

Popcat ($POPCAT) has recently surged by 15%, reigniting the competition between cat and dog-themed memecoins in the $65 billion meme sector. This Solana-based token has now surpassed the market capitalization of other fallen giants like $PNUT, demonstrating the enduring appeal of memecoins. Investors are eagerly anticipating the next viral sensation in the memecoin space.

At the time of reporting, $POPCAT was trading around $0.412, having bounced from an intraday low of $0.3546 to a local high of $0.4268. Many observers attribute the token’s rapid ascent to its limitless meme appeal, strong community support, and popularity among leveraged traders who view it as a prime money-printing memecoin. According to DexScreener, $POPCAT now has over 142,000 holders and 53 liquidity providers, indicating a substantial community presence on the Solana network. One trader recently reported securing over 720% in profits from a long position on $POPCAT during the latest rally.

$POPCAT has also gained respect in the memecoin arena for its impressive resilience, growing from a modest $500,000 market cap to over $2 billion within just a year. This rapid rise has earned it listings on top-tier exchanges, including Bybit, Coinbase, KuCoin, and Gate.io. The token gained additional exposure in the U.S. market when it was listed on Robinhood on March 13. By May, $POPCAT had become the best-performing asset on Robinhood, outpacing Bitcoin, Solana, and even legacy memecoins like $DOGE and $PEPE.

$POPCAT’s recent performance has traders excited. The token just cleared an important technical marker—its 100-day moving average. This typically suggests growing strength. Currently, $0.52 and $0.53 represent the immediate challenges. One prominent analyst noted, “If it breaks out, we could see a rapid move toward $0.64, the recent local high.” Some charts even hint that $1 may become possible if this momentum holds. Market watchers are also paying close attention. The token’s ability to hold these gains could determine its next major move. While nothing is certain in crypto markets, the current technical picture appears favorable for $POPCAT holders.

Following its rally from the early accumulation zone, $POPCAT consistently formed higher lows through March to early May, supported by an ascending trendline, an indicator of sustained buying interest. However, the price recently fell below that trendline, indicating a short-term loss of momentum. Even so, $POPCAT seems to be stabilizing, with its Relative Strength Index (RSI) rebounding from 40 and currently sitting at 47.33. This indicates that selling pressure is subsiding, and bullish momentum could return if RSI breaks above 50. Looking ahead, if buyers reclaim control, the next major resistance sits at $0.5707. A successful breakout above that level could pave the way for a move toward $0.7692 and potentially a retest of $1.0074, a key level from late December 2024. Conversely, if support doesn’t hold, $POPCAT may revisit the $0.20–$0.25 range.