- POPCAT saw an 18.45% price increase, reaching $ 0.4735 as open interest in popcat futures increased to $ 209.49 million
- The PopCAT price trend complies with a logarithmic wave pattern, suggesting a potential advances in $ 3.80 by 2025.
After starting an uptick trend on May 7, Popcat resumed its movement, recording new strength in the market. During the Asian trading session today, POPCAT opened its market value to $ 0.4289 while the bullish trend continued to dominate. Like the latest update, it found an 18.45% climb. This trend motivates many market analysts to weigh if the trend is to continue or an upside down is invited.
POPCAT detected 18.45% price sowing while open interest hit $ 209.49m
According to CoinMarketCap data, POPCAT price performance in the last 24 hours, shows an increase of 18.45%, reaching $ 0.4735. The market cap stands at $ 464.07 million, marking an increase of 18.41%. The 24 -hour trading volume rose by 58.06%, worth $ 240.84 million.
Fully melted appreciation (FDV) is $ 463.93 million. The ratio of volume-to-market-cap stands at 52.97%, indicating strong trading activity associated with its market size. The price trend shows a steady upward movement, reflecting the growing demand for POPCAT in recent times.
In addition, the measure of futures indicates a positive trend, the coinglass data record that until May 8, the open interest stands at $ 209.49 million. The chart reflects a peak in open interest around January 2025, closely monitoring price movements.
However, a denial of open interest saw post-February, followed by a gradual increase. It suggests growing market participation, with open interest showing a slight increase in the latest data point.
Analysis of cues in potential parabolic surge towards $ 3.80 cycle top
According to a review prepared by Bitcoincensus, PopCat price movement has followed a pattern of logarithmic wave from the introduction to the market. Each upward wave showed more intensity compared to the latter, forming a clear trend of momentum increase.
The review shows a bullish megaphone pattern and an exponential wave pattern, indicating significant upward movement. The expected highest price is $ 3.80 by the end of the year 2025. Additionally, it also shows an upward sloping line through a broken line indicating that it continues to rise. From the current graph it is possible to subtract continuous price growth is expected over time as shown by the rise of waves.
From the review, the market data announced that the owner consisted of historic price -changing prices in the form of consecutive logarithmic curves. He reported that each advancement led to Sharper's gains over time, as the upcoming wave expected to overcome previous levels.
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