POPO, HTX, and CMC’s favorite meme lately seem ready to break out. It is up +116% in 24 hours, and it looks ready for a new run.
This frog-looking rock became quite popular after HTX and CMC X accounts used this meme in their posts. This led POPO to reach an ATH of $5 million. After the initial surge, the price dropped to an ATL of $800 thousand market cap, -85% for the top.
The major sell-off was probably caused by a rotation of investors to AI meme coins, which seems to be the current meta. But POPO is now showing signs of a breakout after days of the price being sidelined.
New ATH For POPO? Price Analysis
( POPOUSDT )
The price recently bounced off and is attempting to regain upward momentum, breaking the main resistance. The red horizontal line at $0.00266 marks a strong resistance level, where price action has been rejected multiple times recently. POPO must break through this resistance to sustain any significant upward momentum.
The support line at $0.0009575 is a strong support area, with the price bouncing off it multiple times during earlier pullbacks.
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HTX Is Bullish About POPO: Should We Too?
There will be signs. pic.twitter.com/OTazeD0srJ
— HTX (@HTX_Global) October 24, 2024
Spot the POPO seems to be the new game. People are speculating that this meme coin may surprise us in the future. Probably once the AI meta slows down, POPO could aspire to attract some of that trading volume and finally surpass the old ATH.
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