Can POPCAT hold $0.23 support?

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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• Like WIF POPCAT has moved into the old ranges from early 2024.
• Price is attempting a breakout of the red downtrend line, whilst the RSI downtrend line is also seeing a potential breakout.
• POPCAT can likely use the $0.23 horizontal support as support going forward.
• There is a local horizontal resistance at $0.32 and the major horizontal resistance is at $0.40.
• On the Daily timeframe, the RSI is breaking out of the local downtrend, and it's above its moving average. However, on the 3D timeframe, the RSI has bounced from oversold territory into its moving average, whilst it also remains in its downtrend.

• Next Support: $0.23
• Next Resistance: $0.32 (then $0.40)
• Direction: Neutral
• Upside Target: $0.40
• Downside Target: $0.15

Looking for an accurate POPCAT price prediction? Read our analysis to know what’s next for POPCAT!

Cryptonary's take

For POPCAT, it's the same story as WIR If you haven't de-risked already, relief rallies are for selling into, whether that be $0.32 or $0.40 (although we're not confident on $0.40 in the short-term).

Again, like WIF, by the time the risk-on environment returns there may be newer and more attractive opportunities, and plays that we might pull the trigger on rather than rebuying WIF, POPCAT, and SPX.