Market Context
- POPCAT has retraced back to its 61.8% Fibonacci level, deviating slightly below — a common occurrence in meme coin price action.
- Next support sits at $0.29, with downside target at $0.23 if weakness continues.
- Despite the pullback, structure is holding relatively well and no panic selling is evident.
- RSI is at 36, indicating oversold conditions and potential for reversal.
- Market sentiment appears to be stabilizing here — this zone could act as a local bottom.
- Historical moves suggest upside potential of over 125% back to recent highs, giving this level strong bounce potential.
Thesis
POPCAT is currently trading around the 61.8% Fib retracement level following a steep correction. Meme coins often show wicks or deviation below key levels, which appears to be playing out here. With RSI near oversold territory at 36, we see this as a potential bottoming area. A bounce from here offers attractive upside — particularly toward the $0.40 region and beyond. While there is risk of deeper downside to $0.23, the current price zone offers compelling risk-reward for positioning with tight invalidation.
Cryptonary’s Take
POPCAT has pulled back into a textbook retracement zone and deviated the 61.8% Fib — a classic meme coin structure. With RSI oversold and price showing signs of bottoming, this could be a strong area to look for a reversal. We remain bullish-biased and are watching for upside continuation toward $0.40+.
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