Forget DOGE and SHIB Fluctuations: Popcat Soared 40% Before Dropping 50% in Just One Day
Price Drop and Market Dynamics: Popcat's price fell nearly 50% from its intraday high of $0.21 to $0.138 due to heavy profit-taking and selling pressure, marking a bearish shift in market sentiment.
Technical Indicators: The Supertrend indicator turned red, and the RSI dropped from overbought levels, indicating weakening demand and potential for further price corrections, with immediate support identified between $0.138 and $0.14.
Liquidation Event: A trader's aggressive $30 million long position on Popcat was liquidated within seconds after removing a buy wall, resulting in a rapid price drop and significant losses, highlighting risks in meme coin markets.
Market Trends: Despite a strong inflow of $2.31 million, Popcat remains below its long-term resistance line, with broader market participants shifting focus from established tokens like Shiba Inu and Dogecoin to high-beta assets like Popcat.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000307 | 0.00000407 | 0.00000524 | 0.00000624 | 0.00000741 | 0.00000841 | 0.00000958 |
| Fibonacci | 0.00000407 | 0.0000049 | 0.00000541 | 0.00000624 | 0.00000707 | 0.00000758 | 0.00000841 |
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