crypto.news 2025-05-08 07:07:09

POPCAT price surges 15% as smart money buys fuel rally toward $0.70 target

POPCAT price has soared over 15% today, driven by heavy smart money accumulation, as momentum builds toward the next key price target of $0.70. Popcat ( POPCAT ) is up over 15% in the past 24 hours, currently trading at $0.45. The surge appears to be driven by smart money accumulation, as POPCAT was the most purchased token in the past 24 hours by smart money wallets , according to the smart money tracking platform Stalkchain . $POPCAT @POPCATSOLANA is the most bought token by smart money in the last 24 hours pic.twitter.com/axuiq2RwIy — Stalkchain (@StalkHQ) May 7, 2025 Today’s surge marks a continuation of the breakout rally that began around Apr. 24, when the price closed above the resistance of a consolidation range at $0.34. This range had held since early February, with support around $0.20 and occasional dips into the lower wick zone between $0.12 and $0.14. The breakout on April 24 propelled the price to a daily close of $0.39, followed by a rally the next day that saw an intraday high of $0.45. After a period of volatile consolidation, the price closed strongly above $0.45 yesterday. Since the breakout , POPCAT has gained approximately 32%. Source: crypto.news You might also like: FARTCOIN and VIRTUAL lead in AI agent mindshare and smart money inflows The memecoin has been trading consistently above both the 20-day EMA and the 50-day SMA since before the breakout, with a bullish crossover—where the EMA20 crossed above the SMA50—occurring around Apr. 11. This crossover coincided with the formation of the first higher high since the November ATH of $2.07. Looking ahead, the next immediate resistance is the psychological level at $0.50. A clean break above this level could open the path to $0.70, a zone where the price faced major rejection in mid January and that also served as a key horizontal support in late December through early January. You might also like: VIRTUAL price wakes up as post-breakout momentum builds, eyes $4 next