PopCat (POPCAT) is currently at a crucial technical crossroads. Currently, its price hovers near a critical support zone around $0.3715. After a recent rally, the meme coin has entered a cooling-off phase. It is showing signs of a potential higher low forming just above the $0.35 mark.
Maintaining price levels in this area is essential for short-term growth. Technical indicators, such as the RSI and MACD, suggest a consolidation period with momentum ranging from neutral to slightly bearish.
The market structure reveals that the PopCat price has repeatedly tried to pass $0.40, but this resistance level has remained robust. A decisive breakout above this zone could lead to a price increase in the coming weeks. This is confirmed by strong trading volume and a successful retest of the previous high.
Some analysts suggest that a clear move beyond $0.40 could propel the PopCat price toward $0.55. If this happens, it would represent a 50% gain from the current price. However, failure to hold above the $0.35 support could invalidate the current bullish setup.
Why Holding Above $0.35 Is Crucial for PopCat’s Next Rally
The $0.35 support zone is more than just a psychological level. It aligns with several technical indicators and analyses. Positioned near the 0.618 Fibonacci retracement level, $0.35 has so far acted as a resilient floor for PopCat bulls. It coincides with the value area high from previous trading ranges. If this level is maintained, it affirms the presence of a higher low structure.
A breakdown below $0.35 would likely drag the price down to the next support level around $0.33. That would not only damage the technical setup but also lead to a potential loss of trader confidence. There could be more harm with RSI readings slipping from previously overbought territory.
Momentum indicators, such as the MACD, are already tilting towards a bearish crossover, underscoring the critical nature of this support region.
PopCat Price Eyes 50% Breakout
For a rally to materialize, the PopCat price must decisively break through the $0.40 resistance level. This ceiling has already been tested twice, but each attempt lacked the volume and follow-through needed for a true breakout.
If PopCat can close above $0.40 on the daily or 6-hour timeframe with strong volume support, it would likely shift market sentiment back in favor of the bulls. In this scenario, price targets between $0.55 and $0.60 become realistic, offering potential gains of up to 50% from current levels.
Yet, timing is everything. The longer the asset remains below resistance, the more likely bullish momentum will diminish. If bulls fail to reclaim $0.40 soon, short-term setups will be invalidated and could trigger a retest of lower support levels.
Conversely, a breakout could rapidly transform into a sustained rally, particularly if the sentiment towards meme coins becomes risk-on across the broader market. In that case, PopCat may just surprise traders with a sharp move higher.
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