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Our Price Prediction Model

POPCAT gains momentum for $1.60 push

11 December 2024

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POPCAT rebounds after a 35% decline, finding support between $1.13-$1.19. Hidden bullish divergence and resistance at $1.40 indicate potential for recovery. Here’s what’s next for POPCAT.

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• Unfortunately, the price rejected perfectly from the underside of the uptrend line, and the price declined by 35%.
• POPCAT is one that we have unfortunately got wrong recently, as we didn't expect the drawdown that was experienced.
• Price found liquidity between $1.00 and $1.10, which used to be a prior horizontal resistance back in late September.
• Price is now attempting a bounce with the next major horizontal resistance overhead at $1.40. Beyond $1.40, it's $1.60.
• We would expect new support going forward to be the grey box between $1.13 and $1.19.
• The RSI has been at low/mid levels for some time now, and we do have a new hidden bullish divergence despite the old one not playing out.

• Next Support: $1.10
• Next Resistance: $1.40 
• Direction: Neutral
• Upside Target: $1.40 (then $1.60)
• Downside Target: $1.10

Cryptonary's take

POPCAT is likely to take more time here before it starts performing well again. This is simply due to the chart structure now being broken, which takes time to repair and recover. However, price-wise, POP did look very attractive yesterday in comparison to other major memes, and that's the first thing that will get new buyers back in.

Overall, this is likely to take more weeks (which is fine, and it's similar for other coins), but we still remain very constructive for POPCAT. We hold all Spot POPCAT, and we're not looking to sell anytime soon.

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POPCAT’s target: $1.40, then $1.60

06 December 2024

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POPCAT is consolidating between $1.20 and $1.40 with a hidden bullish divergence. If resistance breaks, $1.60 is the next target. Support holds strong at $1.13-$1.19.

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• In a very similar situation to WIF, the price is just rangebound between $1.20 and $1.40.
• For POPCAT, the key level for the rice to comfortably close above is $1.40. Over the last few days, we've seen Price attempt this but reject it a few times.
• On the downside, the key support remains the grey box between $1.13 and $1.19. We expect this zone to hold if the rice breaks down again.
• The RSI is low on POPCAT at just 46, so there is room for price to go either way. We do, fortunately still have a hidden bullish divergence that is now playing out. That could be what sends the price back to $1.60.

• Next Support: $1.20
• Next Resistance: $1.40
• Direction: Neutral
• Upside Target: $1.40 (then $1.60)
• Downside Target: $1.13 - $1.19

Cryptonary's take

POPCAT remains at a crucial point. Whilst it's out of the main uptrend and below the $1.40 horizontal resistance, POPCAT may struggle for flows, and traders might look for other opportunities.

It's really important that POPCAT reclaims the $1.40 level. However, as long as POPCAT can hold above $1.20, there's no panic from us over here.

We expect POP to remain range-bound, and if it does break out to the upside, that'll likely be due to it being dragged up by the rest of the market. For now, we remain holding Spot bags.

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POPCAT testing $1.40 resistance again

04 December 2024

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POPCAT faces resistance near $1.40 after bouncing from $1.19 support, showing potential for a hidden bullish divergence and market-driven upside recovery.

• It's a really tricky price action for POPCAT recently, having been in a more meaningful downtrend, with POP not really having experienced one of these for a while.
• Price found support in the grey box between $1.13 and $1.19 and has now moved back up to retest the old support of $1.40 as new resistance, and the price is currently looking as if it's rejecting there.
• POPCAT remains out of its main uptrend line and is now also below both key levels of $1.40 and then $1.60.
• However, we do still have the hidden bullish divergence (lower low on the oscillator and a higher low in price) in play, which may help drive a stronger bounce for price.
• The RSI is also now in the middle to the low territory at 46, so there is an upside to be had. But there is still room for a downside also.

• Next Support: $1.20
• Next Resistance: $1.40
• Direction: Neutral
• Upside Target: $1.40 (then $1.60)
• Downside Target: $1.20

Cryptonary's take

POPCAT also looks to be range-bound here between $1.20 and $1.40, and although the TA isn't very bullish here, we do have a hidden bullish divergence in play. Alongside this, the ALT and Meme market does seem to be recovering slightly, so if POPCAT is going to see a more substantial upside in the immediate term, it's likely going to be due to being dragged up by the rest of the market.

It's also possible that POP does remain range-bound in the immediate term, though, between $1.20 and $1.40. We continue to hold Spot bags despite this being somewhat of a more uncomfortable hold recently.

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POPCAT holds $1.20, eyes $1.40

29 November 2024

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POPCAT ($POPCAT) consolidates above $1.20 with $1.40 as the next resistance. Hidden bullish divergence hints at potential recovery and an uptrend reclaim.

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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• We're currently at a key juncture for POPCAT here.
• It's possible that this might be a bottoming zone for POPCAT, with the price just sitting above the support box of $1.13 to $1.20.
• POPCAT still has a hidden bullish divergence (a lower low on the oscillator and a higher low in price). This might help fuel a move back beyond $1.40.
• $1.40 is the local horizontal resistance that POP will need to reclaim. This would also give it a chance to reclaim its uptrend.
• Beyond $1.40, the key horizontal resistance is in the low $1.60's.
• To the downside, we expect the grey box to hold as support.
• The RSI has been reset with it at 44.

• Next Support: $1.20
• Next Resistance: $1.40
• Direction: Neutral
• Upside Target: $1.40
• Downside Target: $1.13

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

Cryptonary's take

We expect this (the grey box) to be the line in the sand for POPCAT. Ideally, from here, we see it recover $1.40 and push back into the range between $1.40 and $1.60. We're going to need to see strong price action in the short term for POPCAT to potentially reclaim it's uptrend.

POPCAT has always been unreliable in its price action, and there have been many times when it's looked weak, and we've seen a monster rally follow. POP has always been a great buy-and-hold rather than a trading asset. We expect that to continue to be the case.

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POPCAT targets $1.40 resistance soon

26 November 2024

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POPCAT is currently testing major support at $1.13 after a downtrend. RSI shows a hidden bullish divergence, suggesting a potential price reversal and breakout toward $1.40 to $1.60.

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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• One we've called wrong, unfortunately. We thought POPCAT might bounce from the $1.40 area, but the price broke below the uptrend line and the horizontal support.
• There is a support box between $1.13 and $1.20. We would expect this to be the major support for POPCAT if it were to even pull back that far.
• The price is in a local downtrend, so we would expect a break out at some point, with the local target being the prior support, with the new resistance at $1.40 and then $1.60 above that.
• The RSI has reset substantially, and it is now back to 40.
• One interesting and very positive element here is that we now have a hidden bullish divergence (a higher low in price and a lower low on the oscillator). It may be that this downtrend is close to being over.

• Next Support: $1.20
• Next Resistance: $1.40
• Direction: Neutral
• Upside Target: $1.60
• Downside Target: $1.13

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

Cryptonary's take

POPCAT is now back to levels that look very attractive, particularly now that the RSI has reset and put in a hidden bullish divergence. Our concerns are that it's out of its main uptrend and below the $1.40 horizontal level.

We do expect POPCAT to break out of its downtrend in the coming week and likely retest the $1.40 to $1.60 range. We will reassess again once/if we get that. That's our current thinking for POP.

In the long term, we're still very bullish, and there's no change to our thesis.

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Will $1.40 support hold for POPCAT?

22 November 2024

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Meme coins like POPCAT dip amid bullish markets for majors. Will $1.40 support bring a rebound, or is $1.30 next? Here’s our take.

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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• POPCAT rejected at the $2.00 and has since pulled back and broken below its horizontal support of $1.60.
• POPCAT is now approaching its next major horizontal support at $1.40. Beneath that, the prior low of $1.20 is possible. But we expect $1.40 to hold.
• If POPCAT were to pull back to the $1.30/$1.40 area, it would likely form a hidden bullish divergence (higher low in price and lower low in the oscillator). If we got this, it would be a buy signal.
• POPCAT is squeezing into its pinpoint, where the uptrend line meets the downtrend line. It's possible that this causes a breakdown that sees prices go slightly below $1.40.
• The positive is that the RSI is at 46, which is very low considering the bullish market environment we're in.

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

• Next Support: $1.40
• Next Resistance: $1.60
• Direction: Bearish
• Upside Target: $1.60 (and then $2.00)
• Downside Target: $1.30 - $1.40

Cryptonary's take

So far, major memes have lagged as the attention has swung to the majors which are currently outperforming. We expect the rotation back to major memes will come; it might just take more time. For now, we're holding Spot POPCAT bags, and we'll even look to add if the price reaches close to $1.30.

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POPCAT targets $2.40 breakout soon

19 November 2024

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• POPCAT has now consolidated into a range just shy of its highs, between $1.63 and $2.00.
• If there is a breakout to the upside for POP, the target is likely in the mid $2's now following this longer consolidation period between $1.60 and $2.00.
• If we then look at the RSI, it's in the middle territory at 57, so nowhere near overbought. This is due to the fact we haven't had a parabolic move higher yet.
• Chart patterns/formations are messy. However, it does look as if POP is forming a bullish pennant. The breakout target would be $2.40.
• On the downside, we'd expect $1.60 to be the local support and $1.40 to be the major support if $1.60 is lost.

• Next Support: $1.60
• Next Resistance: $2.00
• Direction: Bullish
• Upside Target: $2.40
• Downside Target: $1.40

Cryptonary's take

POPCAT eyes $2.50 after $2

15 November 2024

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POPCAT consolidates near $1.60 support after testing $2 resistance. A breakout could lead to $2.50, with RSI remaining balanced. Watch for potential upside momentum.

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

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.

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Euphoria phase sets POPCAT in motion

12 November 2024

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• Considering POPCAT was up 200% between the start of September thought to the end of October, it has done well to hold at it's highs.
• POP remains range-bound and consolidates between $1.40 and $1.60, with the occasional push up to the $1.70's.
• The main resistance for POPCAT will be $1.73 and then $1.81. A break above that likely swiftly sends POP to $2.00.
• The RSI remains in very middle territory (at 54) as POP hasn't broken out, but rather just consolidated.

• Next Support: $1.40
• Next Resistance: $1.73
• Direction: Neutral/Bullish
• Upside Target: $1.70 (and then $2.00)
• Downside Target: $1.40

Cryptonary's take

Despite BTC and SOL's breakout, POPCAT hasn't run higher, even with WIF breaking out back above $3.00. POPCAT has remained towards the top of its range, and it has consolidated between $1.40 and $1.70. This has allowed some of the indicators to reset.

We would expect that when Bitcoin slows down and consolidates, WIF and POPCAT can both run. WIF run, and then POPCAT follows. A break above $1.80-$1.90 and we could see POPCAT re-price considerably higher.

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POPCAT at $1.80 high before pullback

07 November 2024

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As POPCAT stabilizes between $1.40 and $1.63, the market watches closely for a breakout while BTC, ETH, SOL, and WIF hold steady. Discover the latest on POPCAT.

• POPCAT did make a convincing breakdown below the main uptrend line. However, the price was able to bounce and quickly recover.
• Whilst a range is tricky to establish, it looks to us like the key levels of support and resistance are $1.40 and $1.63 (give some slight flexibility to this, though).
• The RSI has pulled back from the highs following the price dip. However, it would be healthy for POPCAT to see the price remain range-bound for some more days/week here.
• A breakout above $1.63 likely sends POP back to $1.80.
• A breakdown of $1.40 likely sends POP back down to $1.20, although we would be surprised to see this level ($1.20) revisited.

• Next Support: $1.40
• Next Resistance: $1.60
• Direction: Neutral
• Upside Target: $1.60
• Downside Target: $1.40

Cryptonary's take

We expect POPCAT to be range-bound over the coming days between $1.40 and $1.60, whilst we think WIF can lead in terms of price moving higher in the immediate term. We're looking for WIF to make a move higher, and then for POPCAT to follow it, following WIF's move.

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POPCAT at $1.80 high before pullback

04 November 2024

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After a breakout to $1.80, POPCAT has reset near the $1.10 support zone. With $1.60 as resistance, will this be a buying opportunity? Dive in as we assess POPCAT’s current setup.

• A more meaningful pullback that was long overdue, in our opinion.
• Price broke out of the red resistance box and shot up to the green box that we thought might be the final resistance of the move. That's exactly what has happened and the price has reset since.
• The price has broken its local uptrend, which could potentially cause the price to revisit the $0.90 to $1.10 area. This would be a strong buying zone for us if the price did revisit this zone.
• In terms of downside, the price area for major support would be between $0.90 to $1.10, even on a Harris win, we'd be surprised to see POPCAT below those levels.
• On the upside, $1.50 to $1.60 will likely act as short-term resistance unless Trump wins.
• The RSI has pulled back to middle territory, but it's still not close to oversold territory on the Daily timeframe, although it is on the smaller timeframes.

• Next Support: $1.10
• Next Resistance: $1.60
• Direction: Neutral
• Upside Target: $1.60
• Downside Target: $1.10

Cryptonary's take

The price tagged $1.80 as we predicted and pulled back from there. This pullback is somewhat to be expected considering how strong the move up from early September was with the price going from $0.47 to $1.80 high. A healthy pullback to $1.10 to $1.25 preelection would be positive and healthy here, so we're not panicked, especially considering the rest of the market is also pulling back quite substantially.

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Will it hit $1.60-$1.80 today?

11 Oct 2024

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After pulling back from a recent high of nearly $1.50, POPCAT is pushing higher. Can it break past resistance and test the $1.60-$1.80 range? Here’s today’s price forecast.

• After breaking out of the $1.00 to $1.08 region, POP entered price discovery to the upside. It peaked close to $1.50 and then saw a more than 20% pullback.
• The price is now pushing higher again, with the RSI having reset somewhat, which had previously been very overbought.
• To the downside, we'd expect $0.92 to $1.08 to act as new support range with likely only a 'black swan' event taking price beneath this level.
• To the upside, the prior all-time highs would be the local resistance, but potentially not much of a resistance.

• Next Support: $1.08
• Next Resistance: $1.50
• Direction: Neutral/Bullish
• Upside Target: $1.60-$1.80
• Downside Target: $0.92

Cryptonary's take

If we're right on the wider market grinding higher over the weekend, and WIF pushing up to $3.05, then it's possible that POPCAT can break above it's all-time highs and potentially test to $1.60 to $1.80 region.

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Can POPCAT surpass $0.96 resistance, or will support at $0.77 hold?

24 September 2024

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• 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.

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.

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Will POPCAT reach $2.00 by Christmas?

20 September 2024

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• The monster. A brilliant move to the upside, breaking out above some key levels.
• POPCAT was able to breakout of the downtrend line, retest it as support and then launch higher from there, which gave the move legs for a more substantial move to the upside.
• POPCAT has currently seemingly rejected the major horizontal resistance of $0.96, with $1.00 also being a psychological level above this. In the short term, this might be resistance.
• To the downside, the two major horizontal levels are $0.65 and then $0.77, so ideally you'd like price to find support somewhere between these levels, assuming it does pullback.
• POPCAT's RSI is now in overbought territory on the Daily timeframe, so it is possible we will see a pullback from the $0.96 major horizontal resistance.
• POPCAT has also outperformed the majority of the market, so it wouldn't be surprising to see some profit in the mid-$0.90 range.

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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Cryptonary's take

As we're now used to this asset, it's very possible that we will see deeper retracements. If we do get them, we'll be buyers with a view to holding them for a longer term. In the immediate term, we think POP might struggle to break above $0.96, particularly with the psychological level of $1.00 above it.

This may mean the price is likely to pull back first. The area we would be targeting for this potential pullback is between $0.65 and $0.77; however, if the uptrend line is broken, then $0.53 could be on the cards. In the long term, we think it's possible we'll see POPCAT north of $2.00 by Christmas.

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POPCAT shows strength amid market pullback—Will it break above $0.66?

10 September 2024

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• Honestly, the price action is quite impressive, considering how much the majors (BTC, ETH, and SOL) have pulled back. 
• Price has broken below the support area of the low $0.50s, but it is now looking to reclaim above that. 
• However, the price is now running into the resistance of the underside of the uptrend line and the downtrend line. 
• If the price can break out, then the near-term target is $0.66; beyond this, it's $0.77. 
• On the downside, if price breaks down, we'd expect it to retest $0.40; however, this would be a level we'd bid.

Cryptonary's take

In short, POPCAT is one of the plays that has held up the best and that we think can be a major winner in the next larger move higher for crypto. We'd be looking to hold spot positions and add to Spot positions around $0.40 if the price revisits this level. 

Overall, we're confident in POPCAT going into year-end and 2025.

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Can POPCAT break the $0.50 resistance?

9 September 2024

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• Honestly, the price action is quite impressive, considering how much the Majors (BTC, ETH, and SOL) have pulled back.
• Price has broken below the support area of the low $ 0.50 but is now looking to reclaim back above that.
• Price is however now running in to the resistance of the underside of the uptrend line and also the downtrend line.
• If price can breakout then the near-term target is $0.66, beyond this it's $0.77.
• To the downside if price does breakdown, we'd expect price to retest $0.40, however, this would be a level we'd bid.

Cryptonary's take

In short, POPCAT is one of the plays that has held up the best and that we think can be a major winner in the next larger move higher for Crypto. We'd be looking to hold Spot positions and add to Spot positions around $0.40 if price revisits this level. Overall, we're confident on POPCAT going in to year end and 2025.

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Will POPCAT break above $0.66?

5 September 2024

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• This is a complicated chart, so let's break it down. Our focus is on the horizontal lines (supports and resistance) and then the uptrend and downtrend lines.
• POP has pulled back to the low $0.50's and found local support there, whilst it's also holding it's local uptrend line (yellow dotted line).
• Above current price is the $0.66 horizontal resistance, however, price may be able to break above this resistance upon a breakout from the local downtrend line (red dotted line). Price is currently squeezing in to the pinpoint where the downtrend line and uptrend line meet.
• If price were to break below the horizontal support of $0.53 and the local uptrend line, then price could end up retesting $0.40.
• To the upside, a break above $0.66 is key for a retest of the highs at $0.77.

Cryptonary's take

Price is likely at an inflexion point here as it squeezes into the pinpoint between the uptrend line and the downtrend line whilst also being compressed between the horizontal support at $0.55 and horizontal resistance at $0.66. POP (and the rest of the market) may likely be pushed around by the jobs data tomorrow.

If the data is positive (and we're expecting it to be), the price could break out to the upside in the immediate term. However, over the coming weeks/month, we are expecting the market as a whole to trade slightly lower; this may open the door to $0.40 in the coming weeks/month.

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Is $0.40 support enough for a breakout?

20 August 2024

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• We were close to seeing the Head and Shoulders pattern playing out, but fortunately, POP was able to bounce from the $0.40 horizontal support which we called for in last week's Market Direction. 
• We're now assessing how convincing this bounce is.
• POP is now between two key levels: $0.55 as resistance and $0.40 as support.
• POP is attempting to break out of a local downtrend line, which could give price enough fuel to attempt $0.55 and potentially break above it. 

Cryptonary's take

POPCAT is in a crucial zone between key support ($0.40) and resistance ($0.55). A reclaim above $0.55 would be a majorly positive development. However, we think it might reject $0.55 in the immediate term. 

However, beyond Powell's speech on Friday, we think POPCAT can re-attempt $0.55 and break back above it. If POPCAT is to break down, we would want to see the $0.30 to $0.40 area held as support. These are really strong support levels, so we would expect them to be held.

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Can POPCAT bounce back from $0.40 support?

16 August 2024

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• Once the price was rejected from the underside of the local uptrend line, the price also failed at the horizontal support of $0.55.
• Price has now headed lower, with the potential target being the next horizontal level of $0.40.
• We also mentioned in the last Market Direction that price is forming a Head & Shoulders pattern, which now seems to be playing out. The target of this would genuinely be about $0.10, but we don't expect this to come to fruition, hence we didn't want to put this (with what seems a silly price call) of $0.10 out there on Monday.
• There is a large zone of support between $0.28 and $0.33, so if the $0.40 level is lost, we would expect $0.28 to $0.33 to be the level that holds.
• The RSI is at 39, so it's possible that the price will pull back some more in the immediate term.

Cryptonary's take

Meme's in general seem to be being punished in August with these lighter volumes. We should be expecting these kind of moves on WIF and POPCAT as we have been through this volatility many times before.

In the short-term, it's possible price bounces from $0.40, but if that level is lost, we would expect the $0.28 to $0.33 zone to be major support for price. Ultimately, we think these prices are value zones and we would be buyers/adding to our bags if price were to pull back as low as $0.30 say. Longer-term, we're still super bullish SOL, WIF, and POPCAT.

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Will POPCAT hold $0.55 support today?

13 August 2024

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Current state: POP has once again demonstrated significant strength around the critical 0.5-0.55 region. It's currently trading at 0.55, having gone down to 0.51 over the past couple of days before recovering back to its current level.

Key observations:

• • Support: The 0.55 level continues to be a crucial support zone for POP. Despite the recent wick down to 0.51, POP's ability to recover back to 0.55 suggests strong buying interest around this area. Holding above 0.55 is key for maintaining this strength and setting the stage for further upward movement.
  • Resistance: If POP holds this support and the broader market (majors) also pushes higher, we could see a move towards the 0.72 level. This would be the next significant target for POP, representing a potential upside if the current support holds.
  • Risk scenario: However, if POP fails to hold above 0.55, we could see a retest of the 0.35-0.4 region. This would indicate a deeper pullback, potentially providing a better entry point for those looking to accumulate, but it would also signal that POP needs more time to build a stronger base.

Conclusion: Bullish/Neutral - POP is currently holding above the 0.55 support level, and if it continues to show strength here, a move towards 0.72 could be on the horizon, especially if the broader market rallies. However, holding 0.55 is crucial; a break below this level could lead to a retest of the 0.35-0.4 region, where further accumulation might occur.

Final thoughts

The market is in a critical phase of consolidation, with several key assets holding strong support levels while testing significant resistance zones. BTC has shown strength around 58k, ETH is hovering below crucial resistance, SOL remains strong above key levels, and both POP and WIF are maintaining their positions with potential for further moves. The next few weeks will be pivotal in determining whether these assets can break out of their current ranges and continue their upward trajectories.

Stay informed, stay strategic, and be prepared to capitalise on the opportunities that arise as the market continues to evolve.

Happy trading, and let's keep the momentum going!

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POPCAT price prediction today

12 August 2024

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• POP rejected from the underside of the local uptrend as we expected it would do.
• Price has then pulled back to our target range of $0.45 to $0.55 with price bouncing from the middle of this range at $0.50.
• Price also forms a bull flag just above the horizontal support of $0.55, which would have a breakout target of $0.70. A break above $0.70 would be super bullish and likely shove price up towards the all-time highs, however, we're not expecting this to play out in the short-term.
• What we do note is that there is a large Head & Shoulders pattern on POP, with the early July highs as the left shoulder, the all-time highs as the head, and the recent peak at $0.66 as the right shoulder.
• A Head & Shoulder pattern is usually bearish and breaks to the downside. Despite this pattern forming, I am not expecting this pattern to play out.
• If the price does pull back substantially, we'd expect the support zone of $0.40 to hold as support.

Cryptonary's take

Overall, we're leaning more bullish on POP here in the short-term, however that would rely on a break out of the bull flag pattern. We're not necessarily expecting a breakdown of the price, but we would target the $0.40 level if the price did break down. We're also wary of the Head & Shoulders technical pattern forming, but we don't expect this to play out. If BTC holds up, then POP can get to $0.70 this week if a break out of the bull flag can be achieved - which we think it can.

Let's see.

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Can $0.55 support prevent a dip?

9 August 2024

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• The recovery overall from the lows is phenomenal, but then again, the drawback on Monday was also very over the top.
• We're really pleased that the price has been maintained above its main uptrend line (thick yellow line) and also reclaim above some key horizontal levels: $0.40 and $0.55.
• For now, the price has seemingly been rejected at the underside of the local uptrend line (dotted yellow line) and at the prior highs of early May and early July.
• It's now possible, and we think likely, that price will pull back slightly. The key levels we have identified are $0.55 and then $0.45.
• The RSI is also back in neutral territory.

Cryptonary's take

Long-term, we still really like POPCAT as one of our core holdings. But, in the next 2-4 days, we think it's possible that price pulls back slightly and potentially retest somewhere between $0.45 and $0.55.

Ultimately, if the price falls below this range, we'd want to see a $0.40 hold-up, although the mega support is at $0.34. We're not expecting the price to revisit that level.

So, expect a slight pullback in the coming days and then range-bound at these levels for the next week. We'll then reassess next week after we've seen this weekend's price action.

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Price forecast for POPCAT

6 August 2024

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• Pfff, what a move lower that was. However, we have experienced many 60% to 70% price drawdowns. Yet, generally speaking, the price is higher each month.
• Price found support at the main uptrend line, and the support box between $0.31 and $0.34, and it closed above these levels.
• It's important that over the coming days, the price closes above the $0.40 horizontal level.
• Beyond this, the next resistance for the price is at $0.55.
• Price managed to close above oversold territory, having been drastically oversold in the day.
• Price is likely to remain range-bound for some time, between $0.31 and $0.55.
• For those under-exposed, the $0.31 area would be where to leave bids.

Cryptonary's take

Yesterday was painful for sure in terms of portfolio drawdown. However, we should be used to this price action from POPCAT as it has happened a number of times before. We've had these 60% to 70% drawdowns multiple times, and each time, we rally to new highs. POPCAT is a tricky hold that really tests your emotions, but if you want that big upside, then the volatility is part and parcel of holding this kind of asset. If you find yourself too emotional about POPCAT and its price swings, then the next time the timeline is more euphoric because of higher prices, de-risk slightly.

Personally, I (Tom) have held Spot bags since our entries at $7m Market Cap. However, yesterday, for the first time, I bought more POPCAT at $0.27 in one of the trading wallets I have. Despite being overexposed to POPCAT, yesterday seemed too good of an opportunity not to add more.

For full transparency, I also added some WIF. If I become more unsure about the macro, then I may look to sell some of yesterday's buys, but for now, I am content to continue holding the POPCAT and WIF buys I picked up yesterday.

I am expecting sideways price action between $0.31 and $0.55 in the short term.

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POPCAT finds support at $0.65—Will $1.00 be retested?

1 August 2024

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• Having rejected from the psychological level of $1.00, POPCAT has now pulled back to the local uptrend line, where it has found some support.
• At $0.65, the price has also pulled back to the region that is retesting the last major price highs.
• Beneath $0.65, the key horizontal level we have outlined for a long while is at $0.55.
• Therefore, between $0.55 and $0.65 is likely to act as a zone of support and liquidity for bidders to step in.
• On the upside, the local resistance is around $0.76, with the major resistance being $1.00.
• The RSI has been substantially reset on this pullback; however, it's not close to oversold territory yet.

Cryptonary's take

POPCAT is another of our chosen plays for this cycle. We like POPCAT for bidding between $0.55 and $0.65. We would be surprised to see it fall below $0.55, but if it did, we'd bid more aggressively in this area.

Ultimately, it's going to take more time for all the memes to see more substantial upside, likely when we move closer to Interest Rate cuts and the conflict in the Middle East mellows. We still maintain our longer-term targets for POPCAT at well north of $1, with $3-5 as being relatively comfortably achievable this cycle.

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Potential pullback to $0.65-$0.72 for bidding

24 July 2024

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POPCAT managed to invalidate the bearish divergences it had picked up. However, the price has still pulled back slightly, having been in overbought territory on the RSI.

Price also rejected at the $1.00 level, which we had pointed out could be a slightly more tricky psychological level to clear above. 

There is a local support at around current price, in the low $0.80s. The more major horizontal support is a zone between $0.65 and $0.72. 

The major breakout level is the psychological horizontal resistance of $1.00. Beyond that, we could see short-term upside targets of $1.40 achieved relatively swiftly. 

Cryptonary's take

We may see a small period of cooling off here, having put in a really good last ten days or so. 

Ultimately, a building of support between $0.65 and $0.90 would be very good for a larger move higher later. If we were to see a period of consolidation, that would then produce the next upside price targets of between $1.20 and $1.40.

 If we were under-exposed to POPCAT, the place we'd be looking to bid is between $0.65 and $0.72. But for now, we remain very patient in just holding on to our Spot bags.