Market Direction

POPCAT at $0.92 resistance today

Published: Jan 6, 2025

POPCAT consolidates near $0.92 resistance, targeting $1.10-$1.20 within days. RSI supports bullish momentum, signalling a potential breakout as the price squeezes into the downtrend line.

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In the last update, we drew some arrows on the chart, which was a path we expected the price to follow. Price has so far followed it to a tee.
POP has broken out to the upside of the pennant pattern and moved directly into the main downtrend line and the horizontal resistance at $0.92.
Price has so far rejected the main horizontal resistance, but the price is squeezing into the downtrend line for a second time.
A breakout of the downtrend line and a clean reclaim above $0.92, and the price will likely swiftly move to $1.10 - $1.20.
The RSI is in middle territory, so there is plenty of upside to be had, whilst it's also above its moving average.

8. POPCATUSDT daily chart highlighting key levels of support, resistance, and RSI showing consolidation with potential for an upward breakout.

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

Next Support: $0.80
Next Resistance: $0.92
Direction: Bullish
Upside Target: $1.10 - $1.20
Downside Target: $0.70

Cryptonary's take

POPCAT looks on the verge of breaking out here. It's squeezing into its main downtrend line (a two-month trend line) whilst it's also butting up into the main horizontal resistance of $0.92. We expect $1.10 to $1.20 to be achieved in the coming 7-10 days.