Popcat Meme Coin Surges 22% After Binance and KuCoin Listings

The Solana-based meme coin, Popcat (POPCAT), experienced a significant surge of over 22% in the past 24 hours following two major exchange listings.

On Thursday, Binance announced the addition of perpetual contracts for POPCAT with up to 75x leverage, giving its vast user base leveraged access to the meme coin’s price movements. Such listings often drive notable price increases.

Shortly after Binance’s listing, KuCoin also introduced a POPCAT/USDT trading pair on its spot market, allowing users to deposit and trade their tokens. The announcements spurred significant market activity, with a whale withdrawing $5.73 million worth of SOL from Binance to invest in POPCAT, as reported by Lookonchain.

While the price rally reflects heightened buying pressure, Popcat may face a correction. The meme coin’s social volume surged from 7% to over 53%, signaling bullish sentiment, but such hype can lead to pullbacks. On the 4-hour chart, resistance looms at $0.7132, with the 100-day Simple Moving Average (SMA) potentially capping further gains. Additionally, the Relative Strength Index (RSI) is nearing overbought territory at 69.7, and the Stochastic Oscillator indicates a similar trend, with both %K and %D lines above 80.

Given these indicators, Popcat could see a correction of over 30%, possibly finding support around $0.3615.