- Popcat surged over 10% to achieve a new all-time high of $1.67.
- The cat-inspired meme coin’s rally corresponds with a general increase in other meme coins.
Popcat (POPCAT) is now among the top performers within the top 100 by market capitalization. This follows a 24-hour price spike exceeding 10.5%, allowing it to reach a new all-time high of $1.67.
The Solana-based cat-themed meme coin has seen its value increase by more than 24% over the last week, and 69% over the past month. After its price was around $0.88 on September 24, it gained momentum post its listing on Kraken.
Bulls have continued their upward trajectory, moving up from lows of $1.33 during Asian trading hours to achieve the new ATH. This upward movement occurred within a rising channel pattern, with a retest of the upper trendline leading to the breakout that propelled it to an all-time high.
Overall, Popcat’s upward trend has coincided with a broader rising trend in the meme coin market.
POPCAT spearheads meme coin surge
While tokens like Dogecoin, Shiba Inu, and dogwifhat are among those experiencing growth as the crypto market seeks fresh momentum, POPCAT has emerged as one of the standout performers.
In the last 24 hours, the market capitalization of this token exceeded that of Bonk and Floki, though Bonk later regained the lead amid profit-taking for POPCAT.
According to CoinGecko data, the market caps for the meme coins are currently at $1.55 billion for Bonk and $1.50 billion for Popcat. Floki, which has struggled recently with a mere 6% gain at the time of writing, has a market cap of $1.39 billion.
In the 4-hour chart above, the POPCAT/USDT pair is likely set to revisit the channel’s upper trendline for support. A successful test here could enable bulls to push higher during price discovery, especially if overall market conditions are favorable.
However, a fall below $1.51 might lead POPCAT to its primary support level at $1.36.
