Market Direction

POPCAT consolidating between $0.15-$0.23 range

Published: Feb 20, 2025

POPCAT has shown some recovery signs, but liquidity remains weak. With prices battling key support levels, a base might be forming, but the upside remains uncertain without stronger market participation.

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.

POPCAT:

POPCAT doesn't look too bad here.
On Feb 6th, the price put in a bullish divergence in oversold territory which helped the price to get a small relief rally.
We saw the price break out of its main downtrend and its RSI downtrend, however price pushed to $0.38 and was rejected.
Price is now back and battling at one of the main horizontal supports of $0.23.
Beneath $0.23, the major support is at $0.15. It's possible we see POPCAT range between $0.15 to $0.23 for a while, and this is its version of forming a base, for the price to then go higher from there later on.
$0.38 to $0.40 is the new major horizontal resistance level.

Next Support: $0.23 (then ($0.15)
Next Resistance: $0.38
Direction: Neutral/Bearish
Upside Target: $0.38
Downside Target: $0.15

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

Cryptonary's take

We're still sceptical about memes in the short-term, simply because they're not getting the liquidity, and POPCAT isn't immune to that. We expect the rice to take some time to base out and we might see that between $0.15 to $0.23. For now, and like WIF, we'll sit tight, and remain patient until we see a base form. We don't expect any moves on POPCAT anytime soon.

PS - The chart we've added isn't the easiest read, but we thought it best to zoom out so that we can identify the importance of the previous price ranges that have helped us to identify $0.15 and $0.23 as key levels.