With a surge of 31.07% in its 24-hour trading volume to $75.3 billion, the memecoin category has added 16.47% to its valuation during this period. With a combined market cap of $121.23 billion, this category currently has 3,242 tokens listed.
Planning on investing in this category but are you confused with so many options? Fear not and scroll down as in this article, we have covered the possible short-term prospects of Popcat (SOL) and Floki (FLOKI) memecoins.
With a jump of over 30% in the past day, the Popcat SOL price has achieved a new all-time high. Moreover, the memecoin has soared 2,316% this year, making it one of the best performing Solana-based memecoin of this year.
The Moving Average Convergence Divergence (MACD) shows a significant rise in the green histogram with its averages showing a sharp uptrend. With its 50-day EMA supporting the price trend, the POPCAT price may continue gaining momentum in the coming time.
Maintaining the value above its support trendline of $1.9050, the Popcat (SOL) price may head toward a new high of $2.23 this month. On the flip side, a bearish reversal could pull the price toward its lower support level of $1.270.
Also, read Popcat Price Prediction!
The Floki price has recorded a multi-level breakout by recording a surge of ~66% over the past week. Moreover, this memecoin has experienced 6 consecutive days of green candles. With a market cap of $2.230 billion, it has secured the 46th position.
The EMA 50/200-day has experienced a Golden Cross in the 1D time frame with its RSI indicator displaying a sharp rise above the overbought range in the Floki price chart. This suggests an increase in the buying-over-selling pressure for the memecoin in the crypto space.
If the bullish momentum sustains, the Floki price may retest its high of $0.000320. However, if the bears regain power, this could pull the Floki coin price toward its lower support trendline of $0.000155.
Also, read Floki Price Prediction!
The Floki price has an ATH of $0.0003462 and is currently trading at a discount of ~30% from it.
The Popcat price requires a jump of 55% to achieve this price target.
With Bitcoin price displaying a strong bullish action, the memecoin market may continue rising this week.
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