- POPCAT surged past $1.4, with a whale earning $4.36M in profits by investing $4.13M USDC at $0.68 in just under a month.
- Another whale made $1.47M from earlier POPCAT trades and recently bought 2.36M more tokens, adding to the bullish momentum.
- POPCAT’s price broke through key Fibonacci levels, signaling strong uptrend potential with future resistance at $1.74 and $2.05.
POPCAT has reached a new all-time high, rising beyond $1.4. A whale trader made $4.36 million in less than a month. The whale initially made an investment of $4.13 million USDC on September 12 and 13, purchasing 6.11 million POPCAT at an average price of $0.68. The trader’s assets are now valued at an astounding $8.49 million, representing a 106% return on investment, following POPCAT’s spectacular price climb.
Another whale also capitalized on POPCAT’s rally. The trader previously made $1.47 million from POPCAT trades earlier this year. This investor recently spent 1.6 million USDC to purchase 2.36 million POPCAT at $0.68, adding to the bullish sentiment surrounding the token. Such movements in the market demonstrate the growing potential for POPCAT as it continues to attract investments from smart money.
POPCAT’s Bullish Momentum Continues
The current price of POPCAT stands at $1.3971, reflecting a strong uptrend. The price recently hit a daily high of $1.4869 and a low of $1.3759. Notably, POPCAT has broken through crucial Fibonacci retracement levels, including 1.414 at $1.3042 and 1.618 at $1.4565.
Consequently, these levels are vital for tracking potential resistance and support in the market. The bullish momentum has been bolstered by rising volume and the price holding above essential moving averages. If this momentum continues, the next key resistance zones could be 2.0 at $1.7418 and 2.414 at $2.0509. These levels will likely play a role in determining future price movements.
Future Prospects for POPCAT
Moreover, traders should watch for possible pullbacks toward lower Fibonacci retracement levels. The 1.272 level at $1.1981 could serve as a support zone if the market sees any downward pressure. However, the overall trend remains positive, with bullish sentiment driving POPCAT toward new highs. POPCAT continues to rise, supported by strong market activity and whale investments. Its current price movement signals bullish momentum, with key resistance levels to monitor closely.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
