POPCAT eyes $2.50 after $2

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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• A really tricky chart to work out here.
• Price managed to break out from the consolidation range between $1.40 to $1.60. However, the breakout went as high as $2.00 but couldn't break past that level.
• The RSI throughout has remained below overbought territory, and we haven't seen a parabolic move higher... yet!
• We're looking for POPCAT to continue with this consolidation, and now ideally above $1.60.
• If $1.60 is lost, we expect $1.40 to remain strong support.
• On the upside, it's clear. $2.00 is the level, and if it's broken to the upside, we could probably expect a strong move past it, maybe as high as $2.50.

• Next Support: $1.60
• Next Resistance: $2.00
• Direction: Neutral
• Upside Target: $2.00 (then $2.50)
• Downside Target: $1.40

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Cryptonary's take

We expect POPCAT to continue to consolidate in this higher range, potentially between $1.50 and $1.80 for the next week. However, if/when SOL breaks out, we would expect WIF and then POPCAT to swiftly follow once SOL slows down/consolidates. We remain in Spot POPCAT positions, with 0 plans to sell any time soon.