Investors weighed the effects of the Fed’s recent decision on the crypto currencies. Bitcoin reached a high of over $64,700, but then fell back down to $63,500. This article examines some of the popular coins on the market, such as Poodlana (TAO), Bittensor(POPCAT), and Popcat.
Price analysis of Bittensor
Bittensor is one of this year’s most popular AI-focused cryptos. The token has performed so well, that it has seen its market capitalization jump to more than $4 billion. This makes it one of largest tokens within the industry.
The token’s daily chart bottomed out at $163 back in August, and it has since rebounded up to nearly $600. The head of a chart pattern called the “inverse head and shoulder” was its lowest point in this calendar year.
TAO is now above $363. This was its high in July and August of this year, and it’s neckline.
In addition, the token’s price has risen for seven days in a row and is now above the moving average of 50 days. The MACD indicator and oscillators such as the Relative Strength Index have both been pointing upwards.
The token is likely to continue increasing as the bulls aim for the next major resistance level at $700.
Popcat Price Forecast
Popcat, another meme coin that has gained popularity, also soared over the last few weeks. The coin hit a low of $0.2585 in August and is now up to $0.96.
Popcat is now above the moving average of 50 days, and all oscillators are pointing upwards.
Popcat is most notable for forming a cup-and-handle pattern, and it’s approaching the upper side. C&P pattern is one of most common bullish patterns on the market as it indicates a trend continuation.
The next thing to look out for is the top of the cup, which stands at $0.9938. Bulls will continue to target $1.5, the next level of resistance, if they break through that level.
Poodlana price prediction
Poodlana, a Solana meme currency that was launched in August 2013, is relatively new. This token aims to compete with the likes of Popcat and Book of Meme by combining meme coin concepts and luxury markets.
Poodlana’s token’s performance has been poor in recent weeks. It has fallen to its lowest level ever.
The price movement is mainly because the market has entered a phase of price discovery as initial buyers have left.
Positively, the oversold token is showing signs. Relative Strength Index has reached the point of oversold at 22 while Stochastic Oscillator crossed over the point.
There is therefore a possibility that the token could bounce back within the next few days. The next level to monitor is $0.020 which is nearly 200% higher than the current price. Learn more about Poodlana.
This article Crypto Price Predictions: Poodlana Bittensor Popcat first appeared on The ICD
