POPCAT rally stopped. False breakoutPOPCAT is testing the trend resistance.
The counter-trend growth is stopped by the descending resistance. Bears are not ready to give up. A false breakout is formed against 0.2143 and downtrend resistance
Scenario: false breakout of resistance and correction or continuation of the trend.
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POPCAT has successfully broken out of its falling wedge pattern, which often signals a downtrend's en
POPCAT at the verge of Breakout $POPCAT/USDT is forming a falling wedge on the daily chart, a bullish reversal pattern. Price recently bounced from the descending support and is now approaching the minor resistance zone near $0.21.
A breakout above the resistance trendline could signal a trend reversal and trigger upside momentum
POPCAT/USDT Analysis – Trend Reversal
The short-term downtrend on this coin has shifted into a strong bullish trend.
During the rally, we broke through the sell zone at $0.182–$0.195 without any significant reaction, forming a mirrored zone as a result.
At this point, entry opportunities could be considered on a pullback to the $0.1
popcat Outlook after the Dip. What to expect NOW?Finally, the price broke the wedge, and the price experienced a significant drop. I think now is the time for POPCAT to rise again to 0.26 . STRONG SUPPORT 0.382=0.18.
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Accumulation, when spring?This is $POPCAT / #POPCAT
I don’t think the bottom is in yet. The volume signature and price action still don’t align with a true Spring. but hey, alts have bottomed like this before.
This doesn’t mean the top of this rally is in either.
If we stall around the 0.5–0.618 fib, I’d expect one more
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Popcat / Tether (POPCAT) reached its highest price on Jun 17, 2024 — it amounted to 5.00001 USDT. Find more insights on the POPCAT price chart.
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See the list of crypto gainers and choose what best fits your strategy.
Popcat / Tether (POPCAT) reached the lowest price of 0.00310 USDT on Jun 25, 2024. View more Popcat / Tether dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
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