Popcat climbs to all-time high as meme coins surge
- Popcat rose more than 10% to hit a new all-time high of $1.67.
- The cat-themed meme coins surge coincides with an uptick for most meme coins.
Popcat (POPCAT) is among the top gaining coins in the top 100 by market cap. This comes as Popcat price recorded a 24-hour spike of over 10.5% to hit a new all-time high of $1.67.
The cat-themed Solana meme coin has jumped more than 24% in the past week and 69% over the last 30 days. Its price hovered just above $0.88 on Sept. 24, having gained momentum following listing on Kraken.
Bulls have continued higher, breaking from lows of $1.33 during the Asian hours to hit the new ATH. The upside happened within a rising channel pattern. The retest of the upper trendline and breakout saw it rise to a new all-time high.
Overall, Popcats gains have coincided with a broader upside for the meme coin market.
POPCAT leads meme coin rally
While Dogecoin, Shiba Inu and dogwifhat are among tokens to rise as the crypto market targets fresh momentum, POPCAT has stood out as one of the outperformers.
In the past 24 hours, the tokens market cap surpassed that of Bonk and Floki, before the former reclaimed the upper hand amid profit taking for POPCAT.
Per CoinGecko data, the meme coins currently stand at $1.55 billion and $1.50 billion respectively for Bonk and Popcat. Floki, which has struggled in the past month, gaining by only 6% 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 to revisit the channels upper trendline for support. Success could allow bulls to push higher amid price discovery particularly if market conditions provide the tailwinds bulls target.
However, a breakdown beyond $1.51 could push POPCAT to primary support at $1.36.
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