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Popcat price has increased by 10% in the past 24 hours and is currently trading at $0.3523 as of 8:10 AM ET. Trading volume has surged to $22.7 million, an increase of 51%.
Popcat price forms double top pattern: can bulls maintain momentum?
Popcat price showed signs of reversal, forming a double top pattern, which usually signals a bear market reversal. After falling from the highest point at $0.3512, Popcat price temporarily traded below $0.1302, providing bulls with an opportunity to reorganize and push the price higher, reaching a new all-time high of $0.3728 on March 28.
However, the price has formed a double top pattern, which suggests a possible bearish reversal. The price is likely to revisit the support area of $0.1302.
Technical indicators are bullish, showing strong bullish momentum. The RSI is trending up, rebounding from the 50 midline level to 63. If the momentum strengthens, the RSI could jump to the overbought zone above 70.
The price is currently above the 50-day Simple Moving Average (SMA), which is currently supporting the Popcat price.
Popcat price may fall in the short term
With the double top pattern in place, the price is likely to turn down from the all-time high of $0.3728, providing the bears with an opportunity to push the price lower. If the bears succeed in breaking the price below the 50-day SMA, it will force the bulls to fall back to the previous support level of $0.1302.
However, if the 50-day SMA remains stable, bulls may gather momentum to push prices higher and form a cup-and-handle pattern that would signal a continuation of the bull trend.
Meanwhile, investors are rushing to buy SMOG amid news of additional listings on major centralized exchanges that are said to be coming soon.
The SMOG team promises that the listing will be a milestone event. While details of the listing are scarce, rumors suggest it could come early next week and could be accompanied or closely followed by a second CEX listing.
The first season of SMOG airdrops is about to end, and an airdrop worth $1 million is expected.
Complete tasks on Zealy to receive airdrops
To participate in the SMOG airdrop, investors must complete various tasks and missions managed by Zealy. Tasks range from inviting friends to participate in the airdrop to interacting with the Smog community page on CoinMarketCap.
You can also earn more XP points by making and sharing videos on platforms like TikTok.
Season 2 will begin on April 4th, emphasizing actions such as buying, holding, and trading SMOG tokens, with the next phase of airdrops bringing significant rewards. It aims to increase the visibility of Smog, with a focus on promoting SmogSwap.
Enjoy 10% discount and 42% annual yield
Investors can purchase and stake SMOG on the Smog website at a discounted rate of 10%. They can also receive an annual yield of 42% for staked tokens.
According to YouTuber Crypto Gains, getting involved in Smog early could potentially grow your investment by up to 100 times.
There may be one or two new listings next week which could boost the price of SMOG tokens and now may be the best time to buy its tokens.
Buy SMOG now using ETH, SOL, USDT, USDC or a bank card. Related Articles: Bitcoin Price Prediction: This Bitcoin Alternative Soars Over $7M as Spot BTC ETF Sees Outflows for the Third Day in a Row. New and Best MemeCoins to Buy Sunday, March 24 — Perezoso, Smog, Base Baboon, BLOB. Top Cryptocurrencies to Watch in 2024: Top 5 Cryptocurrencies with High Potential. Smog (SMOG) — The MemeCoin with a Reward.
Season 1 airdrop now launched
Earn XP to get a portion of $1 million
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Staking Rewards - 42% Annual Yield
10% OTC discount—smogtoken.com
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