Market Direction

POPCAT drops to $0.40 support

Published: Jan 21, 2025

POPCAT lost $0.54 support, testing $0.40 within the Yellow Box. RSI signals bullish divergence near oversold levels, but the downtrend persists, and recovery signs are awaiting.

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.

Like WIF, POPCAT broke out of its downtrend line and rejected into the next horizontal resistance. For POPCAT, that was at the prior block between $0.70 and $0.85.
The price then pulled back further, lost the horizontal level of $0.54, and the price moved into the next horizontal level of $0.40, the top of the Yellow Buy Box.
The RSI is creating a bullish divergence that is very close to oversold territory. However, it remains in its major downtrend.
The main horizontal resistance for price will be $0.54 and then $0.70, which feels a way off for now.

8. POPCAT price chart showing resistance at $0.92, support levels at $0.40 and $0.31, with RSI momentum analysis included.

Next Support: $0.40
Next Resistance: $0.70
Direction: Bearish
Upside Target: $0.70
Downside Target: $0.30

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

Cryptonary's take

POPCAT likely fills the Yellow Box, and it may even dip below it at some point. When you have big moves down like this, the usual way they end is by a rounding bottom, which can take some time to see. You'll get some slight reliefs along the way, but mostly, it's marked by new lows, and towards the end, it'll just be a retest of the lows.

That'll be the rounding that the price can get and then go up from there. For now, not touching this. If there is a shakeout in the wider market, say BTC, then we expect to see a bit more pain, but again, that is generally across the board and not specific to POPCAT.