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The Popcat price is down more than 26% on the weekly time frame despite a slight 24-hour gain to trade at $1.23 as of 7:30 a.m. EST as traders dump their holdings in the meme coin. With the drop over the last 7 days, the POPCAT price is also down more than 40% from the all-time high of $2.07 that it set just 10 days ago. Popcat Price At Risk Of Losing A Vital Support 4-hour chart for POPCAT/USD (Source: GeckoTerminal) The Popcat price has printed multiple lower lows and lower highs on the 4-hour chart in the last couple of days, resulting in the formation of a negative medium-term descending channel. Now, the meme coin is testing the key support level at $1.2548. Should it lose the support of this price point, POPCAT stands the risk of dropping all the way down to $0.9168. However, the Popcat price maintaining a position above $1.2548 for the next 12 hours could invalidate the bearish thesis. In this alternative scenario, the meme coin’s price might start to rise. Traders ...

A widely followed cryptocurrency analyst and trader is leaning bullish on one under-the-radar altcoin while offering his insight on two memecoins. The analyst pseudonymously known as Bluntz tells his 276,000 followers on the social media platform X that the native token of the layer-1 protocol Saga (SAGA) is “about to gigasend next.” Based on a chart by the pseudonymous analyst who regularly applies the Elliott Wave theory in his technical Analysis , SAGA has completed a minor three-wave pattern on the eight-hour time frame and is now in the process of completing a major five-wave pattern that could see its price double. According to the Elliott Wave theory, the main trend of the price of an asset occurs in a five-wave pattern while a correction takes place in a three-wave pattern. Source: Bluntz/X Saga is trading at $2.55 at time of writing, up by 86% over the past 14 days. Next up is dogwifhat (WIF). According to Bluntz, the dog-themed Solana-based memecoin a...