Popcat (POPCAT) Experiences 40% Drop, Resulting in $61M in Long Liquidations
POPCAT Token Crash: The Solana-based token POPCAT experienced a significant 40% drop, falling from $0.21 to $0.1237, leading to over $61 million in long liquidations across major exchanges.
Trader's Strategy: An unknown trader withdrew $3 million USDC and placed aggressive buy orders near the $0.21 level, creating a buy wall to simulate demand, which ultimately collapsed when the wall was removed.
Liquidation Event: The trader's leveraged position of $20–30 million was liquidated almost instantly, resulting in further losses for Hyperliquid's liquidity provider, who incurred an additional $4.9 million loss.
Market Reaction: As POPCAT struggles to stabilize around $0.13, traders are closely watching this dramatic liquidation event, marking one of the most notable incidents in meme coin trading history.
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Technical Analysis for POPCAT
Technical Sentiment Analysis for Popcat (SOL) (POPCAT) As of , Popcat (SOL) (POPCAT) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for POPCAT 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, POPCAT 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 $-.
Popcat (SOL) (POPCAT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0136 | 0.0268 | 0.0401 | 0.0533 | 0.0666 | 0.0798 | 0.0931 |
| Fibonacci | 0.0268 | 0.0369 | 0.0432 | 0.0533 | 0.0634 | 0.0697 | 0.0798 |
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