Is POPCAT About to Roar? Watch Out for This Critical Breakout!
Updated
Yello, Paradisers! Are you prepared for a potential breakout in #POPCATUSDT? The meme coin is currently trading within a falling wedge pattern—a formation that's bullish in nature and could lead to some exciting price action soon! Let’s dive into the details:
💎#POPCAT is holding steady at its strong support zone between $0.65 and $0.64. If the bulls manage to sustain this support in the coming hours, we could see POPCAT challenge the falling wedge resistance at the $0.7305 level.
💎A bullish breakout from this pattern could propel prices first towards $0.7730, and then to the $0.8270-$0.8640 range— This is where the pattern's target is likely to be achieved.
💎POPCAT's support levels between $0.65-$0.64 is further fortified by the presence of the EMA-50, adding an extra layer of defense. However, if this key support fails, POPCAT could slip into the lower support zone between $0.52 and $0.50, where price would expect another strong reaction.
Remember, Paradisers, timing and strategy are crucial in trading. Whether it’s a breakout or a dip, always stick to your plan and stay disciplined.
MyCryptoParadise
iFeel the success🌴
💎#POPCAT is holding steady at its strong support zone between $0.65 and $0.64. If the bulls manage to sustain this support in the coming hours, we could see POPCAT challenge the falling wedge resistance at the $0.7305 level.
💎A bullish breakout from this pattern could propel prices first towards $0.7730, and then to the $0.8270-$0.8640 range— This is where the pattern's target is likely to be achieved.
💎POPCAT's support levels between $0.65-$0.64 is further fortified by the presence of the EMA-50, adding an extra layer of defense. However, if this key support fails, POPCAT could slip into the lower support zone between $0.52 and $0.50, where price would expect another strong reaction.
Remember, Paradisers, timing and strategy are crucial in trading. Whether it’s a breakout or a dip, always stick to your plan and stay disciplined.
MyCryptoParadise
iFeel the success🌴
Trade active
Boom! #POPCAT is doing just what we said. Up 10.15% and looking good!
Note
Boom! #POPCAT is doing just what we said. Reacts to the support levels and goes up 21.95% and still is looking good!
Trade closed manually
#POPCAT has offered a total of 40% from its two strong bounces of 20% from the support levels.
However despite the bounces, price failed in breaking past the previous supports which is now a sign of great concern and warrants caution ahead.
If POPCAT has to go higher it needs to surpass $0.65 level with strength, otherwise the sellers could take another leg lower.
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