Key Takeaways
Oh, Popcat just jumped 13.89% after bravely defending its $0.30 support level, touching a high of $0.346. The buyers have finally come back after a week of being nowhere to be found.
It dipped to a sad little $0.29, but no, it wasn’t the end. Popcat [POPCAT] defended $0.30 like a knight in shining armor, and here we are at $0.346. A quick retrace to $0.344? Classic Popcat!
In this thrilling saga, the memecoin’s Trading Volume spiked by 20%, hitting a cool $54 million, and market cap soared 13% to a whopping $337 million. Are we witnessing the start of something legendary? Or just a clever little technical bounce?
Buyers Bounce Back, Like Old Times
After seven days of the sellers’ iron grip on the market, buyers had the audacity to show up and reclaim their rightful place. Coinalyze reports that Popcat saw a glorious positive Buy Sell Delta for the first time in a week. Hallelujah!
Right now, Popcat is sporting 4.58 million Buy Volume compared to 3.97 million Sell Volume. Result? A market Delta of +607K. This can only mean one thing: there’s some serious buying action happening here. 🤑
Exchanges aren’t giving up either. The Netflow has been negative for five straight days, with Fartcoin Spot Netflow down -$100k. We’re talking more outflows than inflows, folks! Who knew that could be good news?
Historically, when this power shift happens on exchanges, it usually means the price will start rising. Fingers crossed for more gains! 🤞
Derivatives are All Smiles, Too
Not to be outdone, the derivatives market is also buzzing with excitement. As the market wakes up, traders rush in like it’s Black Friday. Popcat’s Open Interest (OI) has surged 9.14% to $151.9 million, while the Volume grew 2.08% to $321 million. The market is alive and kicking!
So, when both OI and Volume go up, it’s usually a good sign. More money, more action. Who doesn’t love a little action?
With the Futures Long Short ratio flipping to 1.0113, it looks like people are putting their money on a rise. Longs are owning 68%, while shorts are just 31%. Someone’s betting on a big jump! 📈
When the longs dominate like this, it usually spells bullish for the market. Is this a sign of more Popcat glory? Only time will tell! 😏
Can Popcat Bulls Hold On for the Ride?
According to AMBCrypto’s expert analysis (we’re talking serious market insights here), Popcat has surged thanks to buyers coming back to claim their prize.
As a result, the memecoin’s Relative Strength Index (RSI) has jumped to 51, nudging into bullish territory. The Chaikin Money Flow (CMF) has also increased from 0.12 to 0.19, confirming that buyers are in control. Popcat is flexing! 💪
When these indicators line up like this, it usually signals that buyers are taking over. But, and this is a big BUT, if buyers keep up this momentum, Popcat will reclaim the $0.36 mark and may even target the mighty $0.40. 🚀
However, if the sellers decide to crash the party and take back control, Popcat might dip below $0.30 and could find itself down at $0.285. Keep those seatbelts fastened, folks. It’s going to be a bumpy ride!
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2025-08-14 07:22