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Cryptocurrencies were relatively mixed on Monday as investors assessed the impact of the recent Fed decision. Bitcoin soared to a multi-week high of $64,700 and then pulled back to $63,500. This article looks at some of the most popular coins in the market like Poodlana, Bittensor (TAO), and Popcat (POPCAT).

Bittensor has emerged as one of the most popular AI-focused cryptocurrencies this year. It has done so well that its market cap has jumped to over $4 billion, making it one of the biggest tokens in the industry. 

On the daily chart, the token bottomed at $163 in August and has now rebounded to almost $600. Its lowest point this year was the head of the inverse head and shoulders chart pattern, a popular reversal sign.

TAO has now soared above the key resistance point at $363, its highest level in August and July this year and the neckline of this pattern. 

The token has also risen in the past seven consecutive days and moved above the 50-day moving average. Oscillators like the Relative Strength Index (RSI) and the MACD indicators have all pointed upwards.

Therefore, the token will likely continue rising as bulls target the next key resistance point at $700. 

Popcat, a popular meme coin, has also surged in the past few weeks. It bottomed at $0.2585 on August 5 and has rebounded to $0.96. 

A closer look shows that Popcat has moved above the 50-day moving average while all oscillators have pointed upwards.

Most notably, Popcat has formed a cup and handle pattern and is approaching its upper side. C&P is one of the most popular bullish patterns in the market since it is a sign of a continuation. 

Therefore, the next point to watch will be the upper side of the cup at $0.9938. A break above that level will lead to more upside as bulls target the next resistance level at $1.5. 

Poodlana is a relatively new Solana meme coin that debuted in August. It is a token that hopes to disrupt the likes of Popcat, Book of Meme, and Dogwifhat by infusing concepts of meme coins and the luxury market.

Poodlana’s token has not done well in the past few weeks and has dropped to its lowest point on record. 

This price action is mostly because it has moved into a price discovery phase as some of the initial buyers exit. 

On the positive side, there are signs that the token has been oversold. The Relative Strength Index (RSI) has moved to the oversold point at 22, while the Stochastic Oscillator has crossed the oversold point at 25.

Therefore, there is a likelihood that the token will bounce back in the coming days. If this happens, the next point to watch will be at $0.020, which is almost 200% above the current level. Lean more about Poodlana here.

The post Crypto price predictions: Poodlana, Bittensor, Popcat appeared first on Invezz

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