- Robinhood’s entry raised pengu, pnut and popcat with double digits recovery
- Popcat can be prepared for an extensive rebound, but it is confronted with an important overhead hindernis.
Popcat [POPCAT] and peanut the squirrel [PNUT] covered Solana [SOL] Memecoin Daily Performers on Friday, before the American market session was opened.
According to Coinmarketcap data, Popcat rose by 16% while Pnut bounced by 6%. It was even one of the top three artists in the last 24 hours.
Source: Coinmarketcap
The Upswing followed Robinhood’s offer of the memecoins, including pudgy penguins [PENGU] on March 13. Pengu jumped with 26% after the update, but it quickly knew the profits.
At the time of the press it was 5% higher on the daily graph.
Will Memecoin Recovery expand?
From a Solana Memecoin perspective, Popcat was the best daily performer among the tokens of the dominant ecosystem. It doubled the profit of 8% of Trump. In general, the market capitalization of the Solana Memecoin jumped by 4% to $ 7.3 billion after the exemption.
However, can this category of selected artists retain a winning series at the weekend? Ambcrypto rejected speculative interest, with the help of open interest (OI) rates on the derivatives market for instructions.
According to Coinglass’s OI Heatmap, Trump, Pnut and Popcat were among the memecoins with a huge increase in the OI on the daily map.
Source: Coinglass
Trump’s OI rose $ 326 million, while Pnut and Popcat had $ 140 million and $ 91 million respectively. Interestingly, Pnut and Popcat jumped a double digits in Oi a sign that market players were interested in the precious stones.
From the perspective of the volume, the three Robinhood-raised gems were among the top 10 tokens with high trade volumes. Pengu, Popcat and Pnut can expand their winning if the trend stays at the weekend.
However, a further consideration of the Popcat price diagram revealed that it had to reclaim $ 0.20 as support to extend the recovery. Otherwise, a rejection among the advanced averages could decrease the short -term bumper.
Source: Popcat/USDT, TradingView
In terms of sector performance comparison, the Memecoins -Segment This week it had fallen by around 10% and connected to the AI segment.
Surprisingly, Defi was the worst performer at 12% in the midst of a weak market sentiment.
Source: Artemis
