POPCAT price prediction today: Is a Bull flag breakout to $0.85 near?

• Charting-wise, POPCAT looks excellent here.
• POPCAT initially rejected from the underside of the prior uptrend line, but it has pulled back and bounced off of the horizontal level of $0.65, previous resistance, now potentially new support.
• POPCAT is now forming a bull flag, which is a pattern that tends to break to the upside.
• A bull flag breakout target would be around $0.85. If that can be surpassed, then $1.00. However, we don't expect $1.00 to be passed in the short term.
• Moving forward, we'd like to see the $0.55 to $0.65 range hold as new support. We wouldn't rule out another retest of $0.40, although we see it as less likely.
• The RSI on POP is at 58, so another move higher for price (say $0.85) could send the RSI into overbought territory.

Cryptonary's take

Of course, we're still super bullish on POPCAT, and it has seemed to hold up better than other coins in this general market move down despite POPCAT being a more volatile asset. In the coming days, we'd like to see the bull flag breakout to the upside and price test $0.85. If price were to break down, our target area to hold would be between $0.55 and $0.65.