Market Direction

POPCAT price prediction today: Can it break $0.96 resistance soon?

Published: Sep 24, 2024

What is POPCAT: Popcat (POP) is a meme-based cryptocurrency inspired by the viral Popcat meme. We at Cryptonary identified the potential of this token before cat memes even became a narrative in the crypto space. POP has now taken the lead in this emerging meme category, bringing fun and community engagement into the crypto ecosystem. Popcat's ATH is $1. We've secured POPCAT at an average price of $0.04; we are very confident in its rise as the leader in the cat meme narrative.

After a massive move from the lows at $0.4 in early September, POPCAT broke out of its main downtrend line, shoving price higher to retest the major horizontal resistance at $0.96.
Price now looks to have formed a double top, similar to the local top we saw in late June.
Price is still in its local uptrend, and even a retest of $0.77 would maintain the local uptrend.
Below price, the horizontal line of $0.77 is potentially a local support. However, for POPCAT, price is known to have deeper pullbacks, therefore a retest of the next horizontal level at $0.65 is possible.
The RSI was also in overbought territory, whilst it also put in a bearish divergence (higher high for price, but lower high on the oscillator). Since this, price has pulled back to $0.87 but the RSI is now retesting it's Moving Average, where it may find support.
If price can breakout above $0.96 to $1.00, then price would go in to discovery and $1.20 to $1.40 would be on the cards in the short-term.

Chart of POPCAT price showing resistance at $0.96, with a support trendline and RSI indicating moderate strength.

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.

Cryptonary's take

Again, another that's hard a great move, so a slight pullback/period of consolidation could be expected here. If the price does pull back (we think it can), then we'd be looking at $0.77 to provide support, but if not, then $0.65. Despite this being our assessment, we're certainly not looking to sell Spot bags as we expect the price to be substantially higher in the coming months. For now, we're sitting tight and riding out what we think can be a consolidation period.

How to buy:

Via Phantom Wallet:
1. Deposit Solana tokens by copying your Phantom wallet address and transferring funds.
2. Swap tokens within the wallet by selecting POPCAT, setting slippage tolerance, and confirming the swap.
Via Centralized Exchange (CEX):
1. Choose a CEX that lists POPCAT, like ByBit, Gateio, or MEXC.
2. Create and verify your account.
3. Deposit funds.
4. Go to the POPCAT trading section and purchase POPCAT.