PopCat has broken above the critical $0.33 level, confirming a strong bullish structure. The recent breakout and successful backtest signal price acceptance and a potential continuation toward $0.70.
Key Technical Points:
Major Resistance Broken: $0.33 daily ASR flipped into confirmed support.
Bullish Market Structure: New higher high formed; awaiting higher low for trend continuation.
Next Target Zone: $0.70 aligns with potential bullish expansion.
Analysis:
PopCat has confirmed bullish intent by reclaiming and holding above the $0.33 level. This key resistance has now been validated as support after a successful backtest and brief consolidation. The acceptance at this level reinforces its new role as a strong trade location for buyers.
The breakout has printed a new higher high, solidifying the bullish market structure. If price action pulls back in the short term, a healthy higher low would further validate this trend and potentially offer an entry before continuation. The volume and structure of the move support the strength behind the breakout, suggesting momentum is still on the side of the bulls.
With bullish sentiment holding strong, all eyes are now on the $0.70 level. This is the next major resistance and likely a profit-taking zone. However, if price action continues to consolidate with strength, the rally could extend beyond this level in the coming sessions.
Conclusion:
PopCat has reclaimed a critical resistance and flipped it into strong support. As long as price holds above $0.33, the path of least resistance appears upward with $0.70 as the next major target.
Key Technical Points:
Major Resistance Broken: $0.33 daily ASR flipped into confirmed support.
Bullish Market Structure: New higher high formed; awaiting higher low for trend continuation.
Next Target Zone: $0.70 aligns with potential bullish expansion.
Analysis:
PopCat has confirmed bullish intent by reclaiming and holding above the $0.33 level. This key resistance has now been validated as support after a successful backtest and brief consolidation. The acceptance at this level reinforces its new role as a strong trade location for buyers.
The breakout has printed a new higher high, solidifying the bullish market structure. If price action pulls back in the short term, a healthy higher low would further validate this trend and potentially offer an entry before continuation. The volume and structure of the move support the strength behind the breakout, suggesting momentum is still on the side of the bulls.
With bullish sentiment holding strong, all eyes are now on the $0.70 level. This is the next major resistance and likely a profit-taking zone. However, if price action continues to consolidate with strength, the rally could extend beyond this level in the coming sessions.
Conclusion:
PopCat has reclaimed a critical resistance and flipped it into strong support. As long as price holds above $0.33, the path of least resistance appears upward with $0.70 as the next major target.
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Join the Free Trading Group
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Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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Unlock Blofin Bonuses
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.