Popcat, a top Solana meme coin, has staged a strong comeback as investors bought the dip and exchange reserves dropped.

Popcat (POPCAT) rose for four consecutive days, reaching a high of $0.25, its highest level since March 25. It has jumped by almos 100% from its lowest level this month. 

The jump happened as crypto investors bought the dip in some specific Solana (SOL) meme coins like Fartcoin (FARTCOIN), Goatseus Maximus, Fartboy, and Vine.

Nansen data shows that more investors are moving their Popcat tokens from exchanges to self-custody. Exchange balances have dropped by almost 10% in the last seven days to 239.5 million, down from 262 million the same day last week. Most of these outflows were from Bybit, Raydium, and Coinbase.

The weekly supply of Popcat tokens on exchanges dropped by 2.3% to 24%. Falling exchange reserves is a bullish sign, signaling that more investors are taking a long-term view of the coin and are not dumping their tokens.

More data shows that the most profitable Popcat traders in the last seven days are not selling. The top trader has made a profit of $173,000 and still holds 97% of his position. The chart below shows that many of these traders still hold their tokens.

Popcat price analysis

The daily chart shows that the Popcat price has bounced back in the past few days. This rebound happened after the token formed a falling wedge pattern, which is shown in blue. This pattern is made up of two descending and converging trendlines. 

The Popcat token has moved slightly above the 50-day moving average, while the Relative Strength Index and other oscillators have pointed upward.

Therefore, the coin will likely keep rising as bulls target the 23.6% retracement level at $0.5982, up 142% from the current level. 

The US crypto market seems poised for bullish trends after Senate Banking Chair Tim Scott stated that most of the pending crypto bills will be passed by August 2025. As this deadline fast approaches, crypto traders are looking for the best altcoins to buy to make significant gains once demand for digital assets rises. 

The recent remarks by Senator Scott coincide with a notable recovery across the crypto market today, April 13. At press time, Bitcoin and all the top ten altcoins were edging higher as the total crypto marketcap reached $2.79 trillion. 

This rally may extend in the coming months as the US emerges as a leading crypto hub. According to Senator Scott, the pending crypto bills will ensure that the US dominates the digital asset space. 

The statement also comes after US President Trump signed the first crypto-related bill. The bill, which was signed earlier this week, seeks to remove tax reporting requirements in the DeFi industry. 

Top Altcoins to Buy Before August 

With the US emerging as one of the most pro-crypto countries, the top altcoins to buy today for investors to make significant gains are Ripple (XRP), Solana (SOL), and Pi Network (PI). 

Ripple (XRP) 

XRP is one of the top altcoins to buy today. One of the reasons that makes Ripple a good buy is that it is the largest US-made altcoin by market cap. Therefore, as the US crypto regulatpry framework changes, XRP is well-positioned to benefit. 

The four-hour XRP price chart suggests the altcoin is in an uptrend. The RSI has risen to 63 showing a prevalence of buying pressure. Meanwhile, the MACD line and green histogram bars support the bullish thesis. 

If the uptrend continues, XRP price may flip resistance at $2.23. Doing so will trigger a 17% rally to the 161.8% Fibonacci level of $2.61. If Ripple reaches This level, it might pave the way for more gains to new highs above $3. 

Solana (SOL)

Solana also ranks among the best altcoins to buy today. SOL trades at $132 today. April 13 after a 10% increase in 24 hours. Analyst Momin has shared a bullish Solana price prediction saying the altcoin might rally to $180 in the coming weeks. 

The analyst also added that Solana is on the verge of making a decisive close above $120 on the weekly chart. If this happens, it will spark a Solana price rally towards $180. Additionally, Solana price has breached the upper trendline of a descending trendline, showing that the bullish momentum is strong, which may spark a surge to $257. 

Pi Network (PI)

Pi Network price had posted a 15% gain at press time. Data from CoinMarketCap also shows that trading volumes have increased by 200% to over $663 million as buyers purchased the asset. 

One of the reasons why Pi Coin is one of the best altcoins to buy ahead of the crypto bills being passed is the asset’s rising presence in the US. The altcoin will be adopted as a means of payment by firms like Zito Realty. At the same time, Chainlink has added Pi Network token to its Data Streams, making it more accessible. 

Pi Coin is trading within an ascending triangle pattern on the four-hour price chart, which shows a positive outlook. At the same time, the AO histogram bars and the RSI are tipping north, which supports a bullish Pi Network price forecast.

Summary of Top Altcoins to Buy 

The US will pass most of the pending crypto bills before August according to the Senate Banking Chair Tim Scott. Once these bills are passed, the crypto market is poised to make significant gains. The top altcoins to buy today to position yourself for these gains are XRP, SOL and Pi Coin. 

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.