Popcat experienced a significant uptrend last week, which coincided with a general upswing in the cryptocurrency market.

Over the past seven days, the price of Popcat (POPCAT) has risen by 95.7%, from $0.393 on August 19 to a high not seen since July 30. In the past 24 hours alone, the asset is up 2.2% and is currently trading at $0.75.

This recent surge has pushed Popcat’s market cap above $735 million, making it the 102nd largest cryptocurrency by market cap. Its daily trading volume has reached about $76.4 million.

A key driver of this price increase was the listing of Popcat perpetual contracts on Binance Futures, which offer traders leverage of up to 75x, according to a recent announcement from the exchange.

Currently, Popcat price is trading above the middle Bollinger Band at $0.5595, suggesting an upward move from lower levels. However, it remains below the upper Bollinger Band at $0.7897, suggesting there is potential room for an upward move before facing significant resistance.

The width between the lower Bollinger band at $0.3292 and the upper band at $0.7897 suggests moderate market volatility. The current price approaching but not touching the upper band could mean that although the price has recovered from lower levels, it has not yet reached an overbought condition, providing room for further upside.

The +DI line is at 27.7603, which is higher than the -DI line at 15.9105, indicating that buying pressure is currently stronger than selling pressure.

The DMI configuration highlights the ongoing positive sentiment as the +DI remains dominant over the -DI and is consistent with the bullish signal from the Bollinger Bands. Given these indicators, traders could look for potential buying opportunities and expect a test of the upper Bollinger Band at $0.7897 in the near term, unless new market dynamics emerge that alters the current trend.

The RSI reading is 62.73, well above the neutral threshold of 50 but still below the typical overbought level of 70. This indicates robust upside momentum without drifting into overbought territory and suggests that while the market is strong, there may still be more room for price to rise before overbought conditions occur.