Popcat holds $0.30 support, technical indicators show bullish momentum

币界网报道:Popcat (POPCAT) has held the $0.30 support and is attempting to break out of a descending channel as it has gained 9.08% in the past 24 hours. The trading volume of the memecoin has surged 55% to $45.39 million, showing an increase in buying pressure and demand. Buyers have accumulated over 8 million tokens while sellers remain on the sidelines. In the futures market, open interest increased by 6.69% to $136 million while the funding rate is positive and the long-short ratio shows that longs account for 68.1%, indicating bullish sentiment in the market. Technical indicators such as the Stoch RSI and RSI have seen a bullish crossover, suggesting a strengthening of upward momentum. If this momentum continues, Popcat may test the $0.3712 resistance level, but there is still a risk of a correction below $0.30.

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